The Art of Crypto explains why traders should focus on their decision-making process, not the trade result. He walks through a recent losing trade executed perfectly according to plan, showing that outcome is outside your control but your process isn't. Consistent discipline in planning and execution drives long-term success.
If you guys got pissed off by the fact that you ended up losing that trade, even though everything seemed to be going in your favor, trust me, it's not the first time that it's going to happen, and it's not the last time it's going to happen. The lesson that I want you to take away from this is result is the only thing that's kind of outside of our control. We can do everything right, but we cannot guarantee that we're going to make money. What we can control though is our decision-making in the moment before we dive into the trade, and that is the part that you actually want to examine— not the result, but the process. So just to give you an example of what I mean by this, prior to getting the loss yesterday, Right, let's look at the actual process. We basically planned out the trade in a way where, okay, we need condition ABC to get met, and then once it gets met, we are going to do step 1, 2, 3. In terms of the trade yesterday, all of this was present where, you know, we waited for the exact conditions to be met, and then once they are, we execute it according to our plan, right? So basically, we planned the trade and then we traded the plan. So in terms of the actual process, I couldn't have done this better.
