The Psychology of Trading: Why Traders Lose Money (Mark Douglas's Insights)

“The market doesn't make you lose money - your psychology does." This profound insight from Mark Douglas reveals why so many traders fail despite solid strategies. Successful trading isn't about predicting markets perfectly; it's about thinking in probabilities, managing emotions, and maintaining discipline through wins and losses. By internalizing Douglas's five trading truths, you'll transform your approach from certainty-seeking to probability management.