Until we, as traders, understand the simple truth that no one knows the direction the market will take over a specific period of time, we will never be successful. The markets main objective is to destroy everyone. The majority fail because they let it do its thing. If we're going to survive, we have to do our thing by controlling our positions with specific rules and targets. It's important to remember that we are in control of our positions. The market never is. When I take a position, I always assume that I'll be wrong until the market proves it to be right.
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Until we, as traders, understand the simple truth that no one knows the direction the market will take over a specific period of time, we will never be successful. The markets main objective is to destroy everyone. The majority fail because they let it do its thing. If we're going to survive, we have to do our thing by controlling our positions with specific rules and targets. It's important to remember that we are in control of our positions. The market never is. When I take a position, I always assume that I'll be wrong until the market proves it to be right.
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