Cards of fate are reshuffled every moment

...continued from yesterday...

Mark Douglas recommends that traders adopt the following set of beliefs to succeed in trading which I have paraphrased for my own use:

1. Every moment in the market is different because the cards of fate are reshuffled.
2. Therefore anything can happen on the next bar.
3. But you don’t need to know what is going to happen to make money.
4. You just need is to consistently use a system with positive expectancy
5. Any single trade in the system can be either a positive or negative but the net result of all the trades using a positive expectancy system is a net profit.

These are taken from Mark Douglas' book Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

...continued tomorrow...

Copyright 2008 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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