Game of Probabilities, How do you play such a game when:
You think in probabilities and there is never certainty.
You assume certain outcomes.
You always work in a gray area.
You never know all the news.
You make assumptions with imperfect facts.
Your facts may be outdated.
Your only black and white area will be the P/L sheet.
Everything before the entry and the final exit of the trade was based on past experiences and historical data.
Well, all those can and must only be compensated with the only certainty within trading, that being "YOUR RULES, Prior to and during the trade".. You are the ruler of your fate...treat rules as if your financial life depends on them.....
You think in probabilities and there is never certainty.
You assume certain outcomes.
You always work in a gray area.
You never know all the news.
You make assumptions with imperfect facts.
Your facts may be outdated.
Your only black and white area will be the P/L sheet.
Everything before the entry and the final exit of the trade was based on past experiences and historical data.
Well, all those can and must only be compensated with the only certainty within trading, that being "YOUR RULES, Prior to and during the trade".. You are the ruler of your fate...treat rules as if your financial life depends on them.....