The Five Fundamental Truths

The Five Fundamental Truths of trading, with a Probability based mindset.  You have to believe in these without any doubt because they are true.
  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.
Adopt these truths because they work in the market and your expectations will always be in line with the psychological realities of the market environment - "The here and now moment of the market".
    Source: Trading In the Zone, Mark Douglas, Ch8
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