Kosta Ouzas argues that traders should avoid forecasting and instead react to real market movements. The speaker emphasizes that survival and success depend on speed and flexibility — shifting or exiting when the market deviates from expectations — rather than defending failed predictions.
Chapters
Forecasting makes you feel smart. It's nice to draw lines, point at targets, and tell yourself you've mapped the future. But in reality, in trading, the future almost never follows the exact path you've imagined. Our algorithm survives without needing forecasts. It doesn't matter if Bitcoin should go to a certain price. What matters is what it is doing now. We react to real movement, not imagined movement. This removes the mental trap of feeling locked into an outcome. If the market shifts, we shift. If the plan breaks, we exit. By avoiding forecasts, we stay flexible, light, and free from the sun. Cost Bias of defending a failed prediction the truth is, reacting is faster than predicting the market rewards speed, not stubbornness. And survival in trading is about adjusting to what is not, waiting for what you thought would be.