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The First Step in Every Winning Trade (How to Find Expected Value)
Description
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Trading expected value tells you how likely you are to have a trading edge over a period of time, and it is non-negotiable to know this to become a profitable trader over time. This video covers how to calculate expected value and how to apply it to trading.
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If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office.
With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders.
I am to be profiled in the next edition of Jack Schwager’s Market Wizards.
The journey is never easy.
Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.
May you want it bad enough to overcome any obstacles.
-(The One) Lance B
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Chapters:
00:00 What is Expected Value
00:37 How to Calculate Expected Value
06:11 How to Apply Expected Value to Trading
DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions.
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