Whenever it comes to teaching Psychology to newbie traders, one book comes highly recommended. It’s none other than “Trading in the Zone”- by Mark Douglas. With the attention span of the young generation reducing with time. We are quite sure not many must have gone through the book.
So, we have handpicked the 5 best quotes from the book that one should hard-wire it to your brain.
Anything can happen.
You don’t need to know what is going to happen next in order to make money.
Every moment in the market is unique.
There is a random distribution between wins and losses for any given set of variables that define an edge.
An edge is nothing more than an indication of a higher probability of one thing happening over another.
Hard-wire these 5 quotes onto your brain. Keep them in front of you always. Will help you tremendously.
