"Mark Douglas Thorough Analysis Part 2: The Completely Illustrated Series Embodying the Invincible Probabilistic Thinking 'Zone' Complete Diagram" [Chapter 7] Trader Advantage — Thinking in Probabilities ?✨
To you who are facing the waves of the chart from across the screen today as well ☕️✨
In the previous Chapter 6, I talked about how there is always an "unknown variable (other people's whims)" in the market, and how important it is to have a "market perspective" that is not dragged by the most recent results?
Now, in this Chapter 7, we will delve into the core of trading as Mark Douglas describes it, "probabilistic thinking." Have you ever felt puzzled by the contradiction, such as, "The method's win rate is 60%, yet somehow my account balance keeps going down..."?
This time, we will gently illuminate, with a human touch, tips to perceive the market in terms of totals (probabilities) rather than momentary results, just like a casino house does?
Please relax and continue reading with your favorite drink in hand.

? Why doesn't the casino house worry about individual wins or losses?
In general society, trading is often negatively compared to gambling in a casino. However, Mark Douglas presents an entirely opposite perspective.
Imagine the casino owners (the house) and the professional Blackjack teams. They do not try to predict, one by one, whether the next customer will bet red or black, or what card will be drawn next,nor do they attempt to predict each and every resultbecause they know such prediction is impossible.
Then why can they become wealthy? It’s because, although each individual result is completely random (unpredictable), after hundreds or thousands of games, by statistical advantage (probability), they are bound to win
For the casino, whether the next customer loses or wins is irrelevant. What matters to them is to keep turning the overall probability in their favor ✨
? The real reason we cannot believe in "probability"
But what about us individual traders? We think we understand in our heads that trading is a game of probability, yet when we actually put real money on the line and enter, we become incredibly despondent at a single loss and ecstatically jubilant at a single win?
Why can’t we remain as calm as the casino house?