Trading In The Zone

If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.

Five Fundamental Truths:

1. Anything can happen.

2. You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An 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 asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game.

We use market analysis to identify patterns, define the risk, and determine when to take profits. The trade either works or it doesn’t.

#MarkDouglas #TradingInTheZone