Summary - The disciplined Trader

The Nature of the trading environment from a Psychological perspective

1. Market is always right.
2. There is unlimited potential for profit and loss.
3. Prices are in perpetual motion with No defined beginning or ending.
4. Market is an unstructured environment
• If you can't define your own behaviour and that of the markets, you can't learn how to repeat your wins or prevent your losses.
5. In the market environment, reasons are irrelevant.

The next error after letting a loss get out of hand is usually not taking the next opportunity, which invariably is always a winning trade. After which, we get so angry at ourselves for passing up that opportunity that we make

ourselves susceptible to any number of other trading errors, like taking a trade that was a tip from another trader, which invariably is always a loser.

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