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If you’ve been trading for a while, I’m sure you’ve heard about the book Trading in the Zone by the late Mark Douglas. This post is about the 5 fundamental truths of trading which he wrote about in his book.
See daily chart of CADCHF below for the discussion that follows.
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See daily chart of NZDCHF below for the discussion that follows.
All traders have taken subpar trades. The level of experience doesn’t really matter… and chances are that you’re going to take them again. Mediocre / subpar trades are just one of many things that’s a hindrance to the performance of traders.
See daily chart of EURUSD below for the discussion that follows.
See daily chart of CADCHF below for the discussion that follows.
See daily chart of EURJPY below for the discussion that follows.
See daily chart of GBPCHF below for the discussion that follows.