Kosta Ouzas argues markets have no memory, so traders shouldn't carry past wins or losses into new trades. Overconfidence after wins and revenge trading after losses hurt returns. An algorithmic approach that reacts only to current conditions and forgets closed trades compounds more consistently.
The market doesn't remember you. It doesn't know you won yesterday, and it doesn't care that you lost last month. It's not your friend, it's not your enemy. It's just simply there, moving without regard for your personal history. Every candle on the chart is new. It's not connected to the last in any way except mathematically. Yet most traders can't separate the past from the present. They win big and they take on more risk, believing the streak will continue. They lose and hesitate, missing the next real opportunity. Our algorithm has no such weakness. It doesn't feel the rush of a win or the sting of a loss. It doesn't revenge trade. It doesn't fall into overconfidence. It reacts only to what is happening now. Strength triggers trailing take profits. Weakness triggers defensive scaling. And once the trade ends, it's gone from memory forever. In this way, it survives longer, compounds more consistently, and avoids the destructive cycles of human emotion. The market's memory is zero. Yours should be, too. Because in trading, carrying the past into the present is how you lose both.
