One Trading Truth To Never Forget
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One Trading Truth To Never Forget

There is one trading book we recommend for every trader and that one is “Trading In The Zone” by Mark Douglas. While there are trading books on trading techniques and money management, Trading In The Zone focuses more on the mindset of a successful trader.

One section of the book is called Fundamental Truths of Trading and there are 5 “truths” that Douglas writes about:

Anything can happen
You don’t need to know what is going to happen next to make money
There is a random distribution between wins and losses for any given set of
variables that define an edge
An edge is nothing more than an indication of a higher probability of one thing
happening over another
Every moment in the market is unique
When one of our traders in our trading room or that have purchased one of our trading systems is having an issue with a string of losses, we always point them to #3.

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