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Selected from the book Trading in the Zone by Mark Douglas the texts on the right are my short personal take.
1. Anything can happen. - Means no guarantees whatsoever.
2. You don't need to know what is going to happen next in order to make money. - Let the market be your guide.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. - Nothing is 100% in this business
4. An edge is nothing more than an indication of a higher probability of one thing happening over another. - The art of anticipation.
5. Every moment in the market is unique. - Observe the market and trade the probabilities.
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ReplyDeleteFXCM
I’m impressed, I must say. Really rarely do I encounter a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.FXCM
ReplyDelete@Tauqueer,
ReplyDeleteThanks for kind words. I've been to your website but for some reason your button icons are not working on my google chrome browser.
@Anonymous, I'm glad you liked my blog. My simple objectives are: to track my progress as a trader/market student, share what I believe, enjoy other stuff and learn from fellow bloggers. Thank for dropping by.