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“Uncertainty” Theory by Mark Douglas, Zone Wizard Book Series. Pan Rolling
The best traders have grown to believe without any doubt or inner conflict that “anything can happen.”
They don’t even doubt that anything can happen.
Because their belief in uncertainty is so strong, it prevents their minds from recalling recent trade results from the present moment.
The best traders view trading as a game of probabilities, just like professional gamblers and casino operators.
Casino operators and professional gamblers have a solid grasp of the nature of probability.
In other words, each individual play is statistically independent of others.
Each individual play is an event, and its outcome is randomly related to the previous or next play.
If you focus on individual plays, the win/loss distribution is random and unpredictably.
But once the number of plays reaches a certain count, the patterns that emerge become consistent, and the results become predictable, statistically reliable.