Crafting Your Very Own High Probability Trading Strategy

November 23rd, 2022 by admin Leave a reply »

The following is a book review of Robert Miner’s High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets (Wiley Trading). The market is a dynamic place where emotions change in an instant and to have one trading strategy isn’t enough anymore given how quickly information reaches investors via streaming news, real-time reporting, and social media. You must constantly be learning new skills and honing your craft, and I’m always looking to add another strategy to my trading arsenal.

All too often I speak with traders who want me to analyze a stock chart for them to see if I can tell them what went wrong with their trade and one of my first questions is, “Why exactly did you buy this stock”. Many times the reply is that they felt it was going to go up, but they didn’t really have an exit plan if the trade went against them, or taking should it move in their direction. They’re sort of along for the ride to see what happens. If you want to learn how to recognize optimal trade conditions, identify crystal clear entry and exit strategies, all while learning the skills of trade management, then this is the book you’ve been looking for.

Miner’s book is essentially broken up into 4 different sections and it even comes with a CD that you are to use only after reading the entire book. The examples used throughout the CD will not make any sense to you unless you understand his system from A to Z. Given that a chart reader needs to look at a lot of charts to begin to trust a system, the CD is a complimentary tool in the book.


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