A short monologue by Kosta Ouzas arguing that traders should prioritize process and rules over predicting price levels. He contrasts trading based on reaction and algorithmic rules (trailing profits, safety orders) with prediction-driven trading tied to ego, and urges traders to manage positions where the market is rather than guessing where it will be.
Chapters
The number on the screen matters less than how it got there. Price moves up, price moves down, and traders obsess over each tick. Now that's just noise. Process is the signal. We don't care if Bitcoin is at 20,000, 200,000. We care about how it moves and what that movement tells us when it runs in our favor. Our algorithm trails profit until the market takes us out. When he moves against us, it defends the position with safety orders. We never trade based on a prediction. We trade based on reaction. Predictions rely on ego. Process relies on rules. And rules can be executed without fear, greed, or hesitation. If you want consistency, stop trading the price. Start trading your process. Because in the end, the market doesn't pay you for knowing where it will be, pays you for managing where it is. Right now.