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LiveCharts: Focusing in On Probability Trading

12 March 2013
by Ryan Mallory

Understanding Trading is About 'Trading' on Probability

I use the majority of today's video to focus in on why it is important to trade based off of probabilities an not off of what you are hoping will happen in a stock or worse yet, what 'could' happen. Just because you think a stock could go up doesn't mean it iwill likely go up. But most traders will focus on the 'Coulds' of trading and the fear of missing out on a trade opportunity. That is the recipe for disaster in your trading.  

Stocks covered in this video: SPX SLV ALXN HLS FSL HOV

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ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>

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