🛡️ Risk & psychology · Lesson 4/7
Think in probabilities
Mark Douglas’s lessons — think like the casino. · ⏱ 2 min
Two people can have the same strategy — one makes money, the other loses. The difference is in the mind.
- Anything can happen in the market — even a great setup can fail, and that’s normal.
- A casino doesn’t know which gambler will win, yet over thousands of games it always profits — it has an edge. Be the casino.
- Every trade is new — don’t let the last win or loss shape this one.
- Not “it will rise”, but “there’s a 65% chance”.
- Focus on process, not outcome — ask “did I follow my rules?”
For learning only, not investment advice.