Random distribution

There is a random distribution between wins and losses for any given set of variables that define an edge. In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. what you don’t know is the sequence of wins and losses or how much money the market is going to make available on the winning trades. This truth makes trading a probability or numbers game. when you really believe that trading is simply a probability game, concepts like ‘right’ and ‘wrong’ or ‘win’ and ‘lose’ no longer have the same significance. As a result, your expectations will be in harmony with the possibilities. – Mark Douglas

Mark Douglas

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites

4 Comments

  1. Great one. Good advise for system traders. All time favourite from Mark

  2. Yes for system traders this is about most important part of advice ever. Just have to take signals coming without thinking of being right or wrong.

    Will make you system trading much easier.

  3. I agree completely. I actually try listen to this audio book every 3 months. Keeps me grounded.

  4. It’s the repetition of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen.

    Muhammad Ali

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