Mark Douglas - Summation of of General Principles - Part 1

The Five Truths - to be internalized.

1. Anything can happen
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another
5. Every moment in the market is unique