Learn to accept what the market is offering and wait for your next edge.
Learn to accept what the market is offering and wait for your next edge. Recognize that, the outcome of each individual trade is statistically independent of every other trade. Market analysis finds behavior patterns in the collective actions of everyone participating in a market. Understand that: 1. Anything can happen (in the markets). 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 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 happening over another. 5. Every moment in the market is unique. - Mark Douglas