Sunday, July 10, 2011

the new trade


"consider the perspective
of a successful trader
observing a nervous beginner.

say a trader experiences a series of losing trades,
thus he is hesitant to take the next signal.

the professional trader would consider the novice traders fear
as irrational
as the “now moment” opportunity
has nothing to do with the last few trades.

each trade
is simply an edge
with a probable outcome
and is independent of every other trade."



- trading in the zone
mark douglas

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