Try not to Trade

Try not to TradeLesson 6 of 114 min read

Against your own bias

The single most repeated losing trade, why it teaches nothing, and the defence that is already written on your desk.

One losing trade repeats more than any other, and it is not caused by a bad reading.

The trade in question

You wrote "seller" before the session. At 10:30 you buy.

Nothing on the daily changed in between. What changed is that price went up for twenty minutes while you watched it.

The loss that repeats is the trade taken against your own written line.

Why it is worse than a wrong read

A wrong bias costs one trade and teaches you something. Module 41 shows how to sort that loss and what to change afterwards.

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