How do you calculate/evaluate the probability of your trade?

 

How do you calculate/evaluate the probability of your trade?

Is there any actual systematic or defined structural method to do it?

Thanks

Cristiano

 
leechunsonnn:

How do you calculate/evaluate the probability of your trade?

Is there any actual systematic or defined structural method to do it?

Thanks

Cristiano

You don't calculate probability of a trade. You calculate statistics on multiple trades within a system.

Look up "Van Tharp Expectancy".

 

You better calculate max loss of a trade then you already have 100% of the probability ,when it goes against you (which might just be all you ever need...)

What else do you want to calculate ?

Or better said what else can you calculate ?

To that level of certainty might it add..

Reason: