Handle Uncertainty With Confidence In Trading Or Perish

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Transcript of Handle Uncertainty With Confidence In Trading Or Perish

Humans are programmed to

like certainty

Why do we get annoyed?

Controlthe previously uncontrollable

Markets are going to move whichever way holds the majority of

the imbalance

It was as if he had a strong degree of

certainty in the move

As for control?

ZERO

Both of us had to live in the world of

uncertainty and be comfortable with it

Could that lead me to take a revenge trade?

Struggle to take legitimate setups when they occur

They then become more susceptible to taking trades which

are sub-optimal

Profits are taken early

Losses are held beyond reasonable

levels

Both cases of consequences

Have no doubt what a trading setup

looks like

Simplify your method

Be aware of and accept anxiety about a trade

Rate yourself on how well you're following your

trading plan not on the actual results

Really work on understanding the

whole "probabilities in trading" thing

Be humble and accept your own

fallibility

Don't be under-capitalized

Surrender to the market and don't try to win or not

lose

Reduce stress