Intolerance of Uncertainty

What is it and why is it affecting your trading?

HYPOTHESIS: the Intolerance of Uncertainty is the leading cause as to why 90% of traders fail.

“Your PNL is an indication of your ability to manage the uncertainty of the market.”-Mark Douglas

Mark makes a bold claim here. He’s stating that if your PNL is downward sloping (or inconsistent), it’s YOUR fault. You are (currently) lacking the skill to manage the uncertainty of the market (the probability based nature of the market).

Let’s dive in to this topic and bring awareness to what might be happening to you on a psychological level that you are unaware of. A behavior pattern that may need reprogramming.

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