Mark Douglas:
“Trading can be characterized as a pure, unencumbered personal choice with an immediate outcome. Remember, nothing happens until we decide to start; it lasts as long as we want; and it doesn't end until we decide to stop. All of these beginnings, middles, and endings are the result of our interpretation of the information available and how we choose to act on our interpretation.”
Mark Douglas:
“The need for rules may make perfect sense, but it can be difficult to generate the motivation to create these rules when we've been trying to break free of them most of our lives. It usually takes a great deal of pain and suffering to break down the source of our resistance to establishing and abiding by a trading regime that is organized, consistent, and reflects prudent money-management guidelines.”
Mark Douglas:
“The unlimited characteristics of the trading
environment require that we act with some degree of restraint and
self-control, at least if we want to create some measure of consistent
success. The structure we need to guide our behavior has to originate
in your mind, as a conscious act of free will.”
