5 Fundamental Truth About Trading

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When I started my trading career, the first book that I read was “Trading In The Zone” by Mark Douglas. And these were some of the important lessons I learnt:

5 Fundamental Truth about Trading

  1. Anything can happen.
  2. Does not need to know what’s going to happen next to make money.
  3. Random distribution between wins and losses for any given set of variables that defines an edge
  4. Edge is nothing more than an indication of a higher probability of one thing happening over another
  5. Every moment in the market is unique.

If you truly believe in this as well, I’d encourage you to write this down and look at it every day before you look at your charts. Make it a point to remember, embrace and apply it.

Thank you for reading and happy trading!!

 

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