Traders who can truly make long-term big money often possess four skills: mathematics, finance, psychology, and philosophy. Mathematics tells them where the probabilities are; finance explains what the rules are; psychology teaches them how to control themselves; philosophy shows them how to face uncertainty. Therefore, what trading truly teaches people may not be how to make money, but how to face a world full of uncertainty: admit that you will be wrong, accept that the world is uncontrollable, bet on probabilities, and stay calm amid the results.

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