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Embrace uncertainty in the markets from "summary" of Trading in the Zone by Mark Douglas
The markets are inherently uncertain. This means that there are no guarantees of success or failure in any trade. Embracing this uncertainty is crucial for a trader's mindset. It is essential to understand that no amount of analysis or prediction can eliminate uncertainty entirely. When a trader acknowledges and accepts the uncertainty in the markets, they can approach trading with a clear and rational mind. This mindset allows them to make decisions based on probabilities rather than emotions or impulses. By recognizing that outcomes are unpredictable, traders can focus on managing risk effectively. Uncertainty in the markets does not have to be seen as a neg...
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