Archive for April, 2010

Anything can happen.

In my opinion Trading in the Zone by Mark Douglas has some good points, but it is way too long.

The Zone can be experienced by developing a positive winning attitude. I define a positive winning attitude as expecting a positive result from your efforts, with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better.

Obviously a positive attitude or “the zone” is not going to make you any money unless you have a system or know what you are doing but the main points are…

1) You don’t need to know what’s going to happen next to make money.
2) An edge is an indication of a higher probability of one thing happening over another.

The traders with a solid trading psycology/ trading style/ risk management will be able to go trough the learning curve and eventually will make money, because for them, when it comes to the market, anything can happen .

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