Monday, July 11, 2011

thinking like a trader


"trading
distilled down to its simplest form
is a pattern recognition numbers game.

we use analysis to identify patterns,
define risk
and determine profit targets.

the trade works or it doesn’t.

in either case we go on to the next trade.

this is simple to conceive difficult to do.

trading is hard
because you must operate in a state of
not having to know,
even though your analysis may at times
prove you to be correct. "

- trading in the zone
mark douglas

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