5 Trading Truths from Mark Douglas (Trading in the Zone):

April 13, 2011
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From the TA Mentor Group Chat (Thanks Omar!):

1. Anything can happen
2. You don’t need to know whats going to happen next 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 indicator of higher probability of one thing happening over an other
5. Every moment in the market is unique
[4/12/2011 8:27:07 AM] omar: as you know; it is easy to read a book, or read these truths, but to REALLY internalize them and accept and understand what they mean, is a different story entirely

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