Question
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As a trader, what attitude should I keep?
1 Answer
<p>I think it is a attitude/mindset which has Michael Douglas’s 5 trading truths imbedded in it. I will mention them below. </p><p id="isPasted">1. “Anything Can (and often does) Happen”</p><p>2. “You Don’t Need to Know What is Going to Happen Next to Make Money”</p><p>3. “There is a Random Distribution Between Wins and Losses for Any Given Set of Variables That Define an Edge”</p><p>4. “An Edge is Nothing More Than an Indication of a Higher Probability of One Thing Happening Over Another”</p><p>5. “Every Moment in The Market is Unique”</p>
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