Spikes wrote:karasinga wrote:MSC
Thinking roundly
I doubt if MSC shall obey TA as everybody is awaiting announcement of a wider loss!
spikes, it is nice to see you around. I am currently reading a interesting book by late Mark Douglas "trading in the zone" and in chapter 7 he says "A probabilistic mind-set pertaining to trading consists of five fundamental truths:
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 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.
. The point is that from our own individual perspective as observers of the market, anything can happen, and it takes only one trader to do it. This is the hard, cold reality of trading that only the very best traders have embraced and accepted with no internal conflict."
This is a very powerful book I would wish every wazuan, following this thread, can read and reread. Cheers mate, keep an eye on market. Addicted.
again, thinking roundly. baby steps...
It's not over until I win
skype id: karasinga. email:
kkarasinga@gmail.com