Learn from Losses

Learn from LossesLesson 8 of 94 min read

Never blame the market

The market owes you nothing and will not adjust to your view, so the adapting is your side of the job. One concrete example of doing it.

After a bad run the easiest explanation is that the market was wrong. It is also the only explanation that leads nowhere.

The market is not doing anything to you

Price does what the orders in it make it do. It has no view about your position and no obligation to respect the level you drew.

Manipulated, rigged and stupid are all descriptions of a chart that did not match a forecast. They describe your forecast, not the chart.

The market owes you nothing, so there is nothing to argue with.

Adapting is your side

Since price will not adjust to your reading, your reading adjusts to price. That is the whole of it.

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