Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

The Part Of The Trend You Should IGNORE🚨

14 Jul 2026 · 0 min

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0:19

In this brief commentary, the speaker stresses that markets are indifferent to a trader’s intuition or personal beliefs. Citing a pit‑trader named Pax, he shares the maxim “right or right out,” meaning that if a trade is proving wrong, the trader must exit immediately rather than linger on gut feelings. The core message is that disciplined, rapid exits from losing positions are essential, and emotional attachment to a trade only harms performance.

The market doesn't care about your gut feel. It doesn't care what you think. About 4 months ago, I heard Pax, a guy that traded the pits. He said, you either need to be right or right out. That doesn't really make much sense at the time. And I was like, actually, he's right. If you're wrong, you need to be out of that trade as fast as you can. You don't want to be in it or waiting or being emotional about, oh, but I have a gut feel.