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Re: Some Good Trading Psychology Quotes
The trinity of successful trading:
1. A trader must accept loss.
2. A trader must accept the uncertainty of the results of any given trade.
3. A trader needs to think in terms of overall probabilities. (Trade for expectancy not accuracy.)
" Successful traders accept and expect losses. Losses are endemic to trading; they are the cost of doing business. The consistently successful trader accepts deep in his heart that his winnings will be tempered with inevitable loss. But the trader anticipates his ultimate triumph because he has structured the probabilities in his favor".----LBR
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