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That bigger picture is the fact that IF they execute their method flawlessly, over and over, over a long enough period of time / series of trades, they will come out profitable. Technical methods and patterns will give a trader the same advantage a casino has over any individual player. A casino has an “edge” for every game they offer. What a casino knows is that whilst any singular instance of someone playing their game might result in the player winning money or even hitting the “jack pot”, due to the edge they hold, over time and over enough series of events, the casino will make a profit, and a large one at that. Remembering this point will help you make the transition from thinking in ‘certainties’ as I put it, to thinking in probabilities as Mark describes and as you should be thinking. Essentially, once you place a trade, you need other people traders to want to buy or sell a market at a worse price than you did in order for you to become profitable on that trade.

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You may still possess the right balance, you know how the gears work and you can take the weight of the bike, but practice is that fine line of difference between you falling in a ditch and riding safely on the highway.

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I still had 2 CV in my bag and I said to my friend: “hey, let me hand my CV to these 2 stores”.

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In the next chapters, we will be tackling about fundamental analysis, trading strategies, technical analysis and technical indicators.