Let's say you have a 60% chance of determining a trend
What's your entry success rate? (relative to your stop)
maybe 60% chance? I'm giving you a very modest hit rate.
What's your overall probability like? 40% combined on a single position. if you have some skewed R:R, it'll be even worse.
This is why you scale in and out. It's like insurance policy to get into a the big trends.
What's your entry success rate? (relative to your stop)
maybe 60% chance? I'm giving you a very modest hit rate.
What's your overall probability like? 40% combined on a single position. if you have some skewed R:R, it'll be even worse.
This is why you scale in and out. It's like insurance policy to get into a the big trends.