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Focus on probabilities, not certainties from "summary" of Trading in the Zone by Mark Douglas
The key to successful trading lies in understanding and accepting that the market is uncertain and unpredictable. By focusing on probabilities rather than certainties, traders can make more informed decisions and manage risks effectively. Trading is not about being right all the time, but about making decisions based on the best available information and probabilities. When traders focus on certainties, they are setting themselves up for disappointment and failure. The market is constantly changing and evolving, and no one can predict with 100% accuracy what will happen next. By accepting this fact and focusing on probabilities instead, traders can adapt to market conditions and make decisions that are more likely to lead to success. By focusing on probab...
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