Explanation of Chapter Five – The Probability Perspective – from the book Trading in the Zone by Mark Douglas:
The biggest shift a trader needs is moving from seeking certainty to adopting a probability mindset.
There is no trade guaranteed 100%, even the strongest signals can fail.
Each trade is just one in a long series, and the final outcome appears through the large number of trades.
Like the casino: it does not know the result of a single game, but it always wins in the long run due to the odds advantage.
✅ A successful trader thinks the same way:
- Does not care about the outcome of the individual trade.
Focuses on applying their strategy consistently.
- Knows that profits come from repeating the process with discipline.
- The fear of loss dissipates when you understand that losing is not failure, but a natural part of a probability series.
In conclusion: probabilistic thinking frees you from attachment to the outcome of a single trade, and makes you focus on the bigger picture of success.
To be continued..
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