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.
Category: Tips / Psychology / General
trading related writing
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.
Without a doubt, there is a leaning curve in trading. For some the learning curve will be steep (difficult), and for others it will be shallow (easy / easier).
One trade is all it takes to blow a trading account.
Successful traders come in all shapes and sizes…they are of different ages…and they are from all over the world.
The market loves to dish out lessons. Trading growth, essentially, comes down to how long it takes you to learn from those lessons.
In this post I’m quoting from the book, On the Shortness of Life which contains letters from the Stoic philosopher, Seneca.
Just like with any other job, the longer you stay in it, the better you’ll get at it.
Risk management is more than just protecting your capital, it’s also about protecting yourself.
Every time we open our trading platform / app / terminal, many of us expect to find trades… we automatically assume that we will be placing trades.