PA1! follow-up probability
PA1! follow-up: probability: The market went up about $5000 since the previous video tonight where it closed the gap. I say this because the $5000 figure can be an enticement. The reason for the video is to push the importance of learning how to think in terms of probabilities. It takes time and effort because you will be guessing in the beginning, and you will discover the market behavior that is more likely to trade more reliably and with more accuracy to your assessment. In other words, you will learn the high probability trades through experience. In addition, you may learn that you can still use your assessment of probability in less certain times, and will still find this type of thinking valuable. This will not be everybody’s cup of tea, but there are traders who specifically think in terms of probability. Al Brooks is one of those traders.