Friday, August 29, 2008

5 Fundamental Truths of Trading

1. Anything can happen.

2. You don’t need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market is unique.


~~~ MARK DOUGLAS ~~~

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Europe Bans Indonesian Airlines

Friday, 29 June, 2007 | 12:21 WIB

TEMPO Interactive, Jakarta: All Indonesian airlines, totaling 51, are prohibited from flying to European Union countries starting July 6. Indonesian carriers are regarded as not meeting safety standards..
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Six Victims of Sunken Ship Found

Friday, 13 July, 2007 | 15:09 WIB

TEMPO Interactive, Makasar: After two days of being buoyed up in the sea, six victims of the fishing ship which sank Wednesday night (11/7) were found alive by the Ciremai Ship which was sailing from Surabaya to Makassar.. .. read more