As rookies we were told that in order to make money consistently in this market, we have to accept nothing less than full responsibility for our trading actions and its outcome.
This make sense of course. we put in our own money, create and test a plan, follow and trade the plan. We take full responsibility in interacting with the market. But I got a question to ask, we all know that trading is about probabilities, anything can happen. So considering this fact how do you accept complete and full responsibility for the outcome of your trades when there are so many unknown variables that can either make a profit or wreck your trade?
Or can we say that by always considering the unknown variables before we put in our trades (by putting stop loss with proper MM etc). We are taking responsibility by recognizing the inherent risks caused by all these unknown variables in the market?
This make sense of course. we put in our own money, create and test a plan, follow and trade the plan. We take full responsibility in interacting with the market. But I got a question to ask, we all know that trading is about probabilities, anything can happen. So considering this fact how do you accept complete and full responsibility for the outcome of your trades when there are so many unknown variables that can either make a profit or wreck your trade?
Or can we say that by always considering the unknown variables before we put in our trades (by putting stop loss with proper MM etc). We are taking responsibility by recognizing the inherent risks caused by all these unknown variables in the market?
"Nature's law" is called "Reason". When perfectly understood by human it is