Is Technical Analysis a joke??

how will two chickens make a dinosaur egg?

 

That’s how it works.
Don’t you know about evolutionary theory ?

A chicken isn’t born chicken.
It became it. And it’s still becoming.

 

https://en.m.wikipedia.org/wiki/Red_junglefowl

 

You guys believe god created the chicken ?
He programmed it ? No no guys.
It’s mutation within the egg.

 

Looking for high probability trades is also important. Anything else?

 

Neither.

 

High probability and risk management, a good combination,
yes sir

 

Almost.
I’d say Statistical expectancy and Risk management.

1. I prefer to risk 1 to earn 10 with P(win) ≈ 10%
2. Than to risk 10 to earn 1 with P(win) ≈ 90%

Your risk management should tell you to bet
1. ( 90% x 0.1 - 0.1 ) / 0.1 < 0
2. (10% x 10 - 0.9 ) / 10 > 0

If you can get a reliable bet size,
You got a reliable trading.

That’s all there is.

 

I guess you say more probability, bet more, less probability bet less but, can you explain the formula?