The 5 Fundamental Truths Of Trading

If you hold these core trading beliefs you will tend to do well in trading:
I. “Anything can happen” – the market can go up, down or sideways from any point and negate my edge;
II. “You Don`t need to know what is going to happen next in order to make money”
III. “To win in the markets you need an edge” – an edge is nothing more than an indication of a higher probability of one thing happening over another
IV. “There is a random distribution between wins and losses for any set of variables that define an edge”
V. “Every moment in the market is unique” – so the last trade is independent from the next
Go to top