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Getting it down on `paper`

The 5 Fundamental Truths About Trading

  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.

Douglas, M. (2001). Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude. Prentice Hall Press

 

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