środa, 16 grudnia 2009

Five fundamental truths

From "Trading in zone" - Mark Douglas

1. Anything can happen.
2. You do not 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 difine an edge.
4. An edge is nothing more than an indication of higher probability of one thing happening over another.
5. Every moment in the market is unique.

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