A short YouTube monologue by Kardec Trader arguing that "the market is always right." The speaker urges traders to stay flexible, avoid falling in love with their trade ideas or theses, and to abandon plans when market action contradicts them to avoid significant losses.
The market is always right. And the reason I say the market is always right is because we, as traders, we have to understand that we can create our game plans, we can create our scenarios, and sometimes things may not go our way. And if it doesn't go our way, we don't want to be so stuck on our thesis, our ideas, that we don't allow ourselves to become flexible. We sometimes become so obsessed with our ideas, our thoughts, and we kind of fall in love with our ideas, right? And that's okay. But if we don't let go of them when we need to in the game of trading, it will hurt us a lot, lot.
