Tip #4: Demanding for certainty is not productive.

Humans hate uncertainty.

Security means a lot to us, and we naturally seek certainty in our endeavors.

Having security in life allows us to focus our energy to achieve more.

However, this natural tendency to demand certainty is at odds with the market’s behavior and can damage trading performance.

'The most effective and functional trading belief that he can acquire is ‘anything can happen’. Aside from the fact that it is the truth, it will act as a solid foundation for building every other belief and attitude that he needs to be a successful trader'.- Mark Douglas

As Mark Douglas pointed out, it is crucial to realize and accept that “anything can happen.”

Accepting uncertainty is critical for all market participants, regardless of whether you are a day trader, swing trader or futures trader.

As a trader, if you insist on certainty and want the one true answer, you will be stuck in a vicious cycle.

'There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer'.-Jack Schwager

I agree 💯 with Jack Schwager on this, because He has interviewed dozens of top traders, and I highly recommend his Market Wizards series.

So how should traders cope with the inherent market uncertainty?

Veteran trader Linda Raschke has a great piece of advice for us;

'In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future
 Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen'.- Linda Raschke

To paraphrase her:

👉The markets are inherently uncertain because humans are.

👉The successful trader is an expert at managing uncertainty.

👉In a nutshell, accept uncertainty and learn to manage it.

If you missed any of my post on counterintuitive Tip# 1-3, click the pinned post👇 below to get access to them