……Trading in the market is not about prediction
When a trader lack methods and the right information, he or she may precisely fell or loss their assets in a short period of time. According to Mark Douglas ‘in the trading zone’ pursuing certainty and correction when entering trading but remove prediction from the equation of trading.
To maximize the market profits, trading needs to think and understand that the trading platform is a probabilistic environment and one can only become apparent over a sufficient long period. Mark also restated that ‘trading is a number game of pattern recognition’. Nobody know what will happen in the next minutes in the crypto market.
To gain each trade, one’s need to effectively execute a plan in the face of uncertainty. Pattern are not responsible for prediction; they only define edge. Every crypto trader needs to have their respective trading methods, but also keep in mind that an effective trading pattern does not mean that;
- Trade must make money
- The market owes you a profit in as must that you are on track and possess relevant information
Also know that patterns only tell you as a trader ‘probability’ but not guarantee the result. And as a trader, there is need not to look at a single wins or losses, rather look at a long-term, and large sample of trades to enable you ascertain the necessary steps to take (practical actions) in order to maximize profits.