Anthony’s Reviews > Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude > Status Update

Patterns imply consistency, but the reality is that each pattern is entirely unique. The similarities are simply on the surface. Each pattern has different traders contributing to it, as such it is entirely unique.

You will never know anything for certain except that the market will move one way or the other or react to something in a certain way. So look at each trade with indifference. All you can "know" is that each trade should have a certain probability, which you want to be favorable to you, of going in a certain direct given past moments.

Let go of having to "know" everything. Every moment is unique. If it's not unique, everything is known or knowable.

Look at the market for what it is right now. Be in the zone. You wouldn't feel bad or slighted at upticks or downticks in a part of the market you never trade in, so don't feel that way in the markets you are invested in.

you should not be upset about a bad trade, just as if you're not upset over a coin toss that comes up heads when you called tails.

sure, you should learn from it. but you can never know everything, and sometimes a trade goes bad.

The most important and fundamental building block as a trader: The uncertainty principle.

The core of your ability is to:

1. trade without fear or overconfidence
2. perceive what the market is offering
3. stay focused on the now
4. spontaneously enter flow state/the zone

all good traders believe in uncertainty and know ANYTHING can happen, at all times. thus they're free of unrealistic expectations

Understanding and accepting the risk is one of the most important but most often misunderstood aspect of trading. the novice goes into it neither accepting nor assuming there will be loss in that trade.

the possibility of being wrong/losing/missing out would hinder the novice's mental state of mind

Consistency is more important than almost anything else. if you consistently win a little, rather than occasionally winning a lot, you'll be far better off.

because if you lose, you will know how to consistently win

Don't try to overcome, conquer, or take revenge on the market. learn the market to create a systematic way of consistently winning, rather than trying to beat the market.

don't expect or believe that the market owes you anything. the market inherently wants to take all of your money. but it also offers the opportunity to take as much as you can.

The typical trader does not have the ability to control and conform the market. So the typical person who is highly successful, who is able to conform the social environment to what they want/their mental picture, they are unable to do this with the market. so they may fail to succeed in trading.