"The market offers a premium to anyone who can tolerate being wrong frequently. It's a psychological tax that most people can't afford to pay. Money is transferred from those who need to be right to those who need to be profitable."
Aporia
Aporia8.8. klo 16.12
What frustrates me about most debates on Twitter is that they’re framed around the wrong question: Was this person right or wrong? It’s the wrong framework entirely. A trade shouldn’t be judged by whether it happened to work out, but by the quality of the decision at the moment it was made. A “right” result can come from a bad process (luck), and a “wrong” result can come from a good process (variance). Optimizing for hit rate is a trap. It’s outcome bias. But Twitter is obsessed with hit rate. Being right as often as possible, ideally on tiny timeframes so it’s easy to keep score. This is what makes us come across like gamblers, because that’s exactly the framework gamblers operate on. Short horizons amplify noise, great processes will look “wrong” often. The result is a lot of noise and certainly not the kind of discussion that actually makes you a better trader. If anything, it rewards the exact habits that cause traders to blow up: chasing quick wins instead of building sound, repeatable decision-making. Stop grading trades by outcome. Grade them by process.
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