The Freedom of Being Wrong
In trading, getting stopped is a fact of life. And yet, it is unquestionably one of the hardest things about trading to accept, eliciting an existential fear of being wrong. This fear shifts our focus away from what matters most in trading, which is to follow and join price, which we can only do if we can remain present and fluid. Since our experience always determines our actions, we must change our experience in order to change our actions. How do we do this? By being conscious of the aversion and then flipping it on its head and embracing the wrong, not trying to fix it or replace it with the right, just feel it. This keeps us curious and fluid and more able to align with ever-changing market conditions. It keeps us focused on price flow rather than on our fear. This is freedom, and this is how every trade is a creative act and how every trade becomes our teacher. In Learning to be Wrong
, we outline a practice for using the inevitable and unavoidable fact of being wrong as new information.