Joined August 2016
Photos and videos
“If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market.” - Mark Douglas
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“Learning how to trade without fear is a function of learning how to think in probabilities.” - Mark Douglas
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“When I put on a trade, all I expect is that something will happen.” “Anything CAN happen” -Mark Douglas
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“Why do casinos make consistent money on an event that has a random outcome?” “Because they know that over a series of events, the odds are in their favor.” “Develop an edge and execute it, don’t over complicate trading” - Mark Douglas
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Great example of Thinking in Probabilities
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“Why do you think unsuccessful traders are obsessed with market analysis?” “They crave the certainty that Analysis tends to give them” -Mark Douglas
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“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” - Mark Douglas
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"You don't have to predict the future to make money in the markets. You just have to react to what's happening." - Mark Douglas
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“The difference between successful and unsuccessful traders is not intelligence or raw talent, it’s discipline” - Mark Douglas
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"The market is not your enemy, it's your teacher."
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"Successful trading is not about being right all the time, it's about cutting your losses and letting your winners run."
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"You don't have to predict the future to make money in the markets. You just have to react to what's happening."
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"The market will always show you what you want to see, but rarely what you need to see."
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"The best traders have no ego. You have to swallow your pride and get out of the losses."
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“You don’t have to know what will happen next in order to make money Let the law of large numbers work to your advantage”
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To whatever degree you haven’t accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully. ACCEPT THE RISK - Mark Douglas
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When I put on a trade, all I expect is that something will happen - Mark Douglas
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Mark Douglas Quotes retweeted
An edge is nothing more than an indication of a higher probability of one thing happening over another. In no way does it guarantee the outcome of your next trade - Mark Douglas
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Mark Douglas Quotes retweeted
The 7 Steps to Success, as detailed in "The Disciplined Trader" by Mark Douglas. Another great read in addition to "Trading in the Zone" Brief Thread🧵
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