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Think Like a Trader: 7 Principles of Consistency
The biggest leap forward in my trading came when I began to think like a trader. This important realization was a result of training my brain to think in terms of probabilities. The best book hands down (for me at least) that helped me think this way was Trading in the Zone by Mark Douglas. Thinking in probabilities did a lot more for me than just help analyze my trades. It allowed me to trade with more confidence because I knew the likely statistical outcome of a given series of trades. I'd like to pull from some of Mark Douglas's work in this post to help you better understand how thinking like a trader will lead ... (full story)