tasty Extras - March 9, 2021 - A Statistical Approach
Over the years at tastytrade, our research has determined that utilizing statistics in trade entry, management, and exit can boost a trader's probability of success.
Three key concepts that incorporate statistics are:
- Trading frequently for a high number of occurrences
- Managing trades at a specific level of maximum profit OR at a specific number of days until expiration
- Using Delta When Determining Strikes for options strategies
Join Tom and Tony today as they cover some of our core mechanics and why we use statistics to help guide our trading decisions.