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1) Anything can happen
2) You don’t need to know what is going to happen next in order to make money.
3) There is a random distribution between the wins and losses for any given set of variables that define an edge.
4) An edge is nothing more than an indication of a higher probability of one thing happining over another.
5) Every moment in the market is unique.
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I AM A CONSISTENT WINNER BECAUSE:
1) I objectively indentify my edges.
2) I predefine the risk of every trade.
3) I completely accept the risk or I am willing to let go of the trade.
4) I act on my edges without reservation or hesitation.
5) I pay myself as the market makes money available to me.
6) I continually monitor my susceptibility for making errors.
7) I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.