Making High Probability Trades.

This comes from a website article which you can read here.

The summary is:

If you are a technical trader, you can move the probability in your favor by following the trading tips given in the article. Some of these tips are: 

Know what the trend is and trade with it. Rewards can be found for traders buying against the trend, but why risk it? Remember that the trend is your friend, until it bends.

My Notes: Almost all of us have this strong desire to catch tops and bottoms. The best way to trade is to fight this desire. Never give in. All your trades should be in the line of the trend.

Do not chase the market. If you do- you may find people will profit take and you would have bought right at the top of the market.

My Notes:   When we see a market suddenly moving, we have this strong impulse to jump in. The wisest action is to wait. Remember, the market will be here tomorrow, the day after and after another 100 years. So, what is one trade in your lifetime? If you miss this trade, so what? Have patience and trade as per your plan, not as per your emotions. 

Have a reason for every trade. If you don’t- do not take the trade.

My Notes: This one is self explanatory. Keep a brief trading journal to track your out of the rule trades.

A reading of the original article is worth the effort.