Trading Expectancy by Dirk Vandycke
Selecting what to trade and timing your trades are only one piece of the trading puzzle. One often ignored and misunderstood piece is that of expectancy. Here’s how you should look at expectancy.
It’s true that deciding what to buy or sell and timing your entries & exits have an impact on your trading results. It’s especially true when you’re focusing on one trade. But when you’re looking at a sequence of trades from the perspective of expectancy, selection and timing don’t matter much...