A trader explains why clinging to market predictions ruins accounts. Instead of predicting moves, use price-based invalidation levels to know when to abandon your bias. Flexibility beats being married to a position.
This is the main reason why a lot of traders lose money. They try to anticipate what the market is doing before the market does it, and they get so attached to their narrative that they are not willing to change. As I told you, my narrative was long from the beginning. The market did an aggressive sell off. I was ready to change my narrative and say from this moment, if it breaks, I start to search for short. I'm not marrying my position. I don't care. But you have specific levels that invalidate your bias. Yes.
