{"id":13885,"date":"2011-08-22T10:24:35","date_gmt":"2011-08-22T14:24:35","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=13885"},"modified":"2023-04-13T09:03:29","modified_gmt":"2023-04-13T13:03:29","slug":"and-the-probability-is%e2%80%a6","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/and-the-probability-is%e2%80%a6","title":{"rendered":"And the Probability Is\u2026.?"},"content":{"rendered":"

Intraday trading is not about predictions or fulfilling your need to be right. It\u2019s simply about finding spots to trade that offer high probability risk to reward.<\/p>\n

Most aspiring traders take this thought and run to the charts. They will search and study until they find a pattern or play that seems to repeat with a predictable outcome. They will scour all the various sources of information available reading about different patterns and plays. They will then add this knowledge into their arsenal and head off to the battle we call trading. Armed with this new found knowledge and a decent game plan they will undoubtedly find some limited success. Sounds simple enough, so then why do so many fail to achieve consistent profitability? Discipline or lack of discipline I know plays a major part in this, but even those that show some discipline and only play these patterns or plays seem to fall short of the goal. What can help turn the corner?<\/p>\n

I teach traders that although they see the same repeating pattern or play the conditions on the tape <\/a>will change the probability of the same predictable outcome. Until they can grasp and exploit that information they will struggle with the sizing and win\/loss ratio of their trades. The best traders will use the information on the tape to either exploit or pass on trades that appear to be that same predictable outcome pattern formed on their chart.<\/p>\n

Over the next week my blogs and chart.ly videos will try to help you understand this important word\u2026 Probability.<\/p>\n

Jeff Davis @Shaq48_Trading shaq48@gmail.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Intraday trading is not about predictions or fulfilling your need to be right. It\u2019s simply about finding spots to trade that offer high probability risk to reward. Most aspiring traders take this thought and run to the charts. They will search and study until they find a pattern or play that seems to repeat with a predictable outcome. They will … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1532],"tags":[],"class_list":["post-13885","post","type-post","status-publish","format-standard","hentry","category-guest-blog","no-post-thumbnail"],"yoast_head":"\nAnd the Probability Is\u2026.? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/and-the-probability-is\u2026\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"And the Probability Is\u2026.? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Intraday trading is not about predictions or fulfilling your need to be right. 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