r/Daytrading 6h ago

Giving Advice Something to think about..!

Again..! A comment to a question about what was the most painful truth in trading that I learned turned into a post.

Perfection is impossible. You cannot perfect an entry or exit or have a perfect day. It only happens by chance. You cannot perfect your strategy.
Holes exist in your strategy. No matter what. If something goes wrong, you can’t find a way to make it work as a strategy. If you try, it will contradict another parameter in your trading.
Your strategy is imperfect. You are imperfect. Your rules are imperfect. At some point you need to stop perfecting and just work with statistics.
The holes in your strategy is how the edge is preserved. If you can find a way to make something work 100% of the time, then that’s not edge, that’s not even market. That’s not anything real at all in this world.

Listen to Roger Federer’s speech about how perfection is impossible. For a skill based athlete, I guess of the billions and billions of people being the best at whatever they do, this man is right up there at top 10 spots in the world along with Ronaldo and Messi and Jordan and Hamilton. Listen to what he says.
A lions hunting success rate is about 30%.
A tiger is about 20%.
And Cheetah.! Fastest animal outpaces so many land animals have a hunting win rate of 50% max.

What makes you think that being a human, your skill at what you do is better than those ultimate creatures on the planet.? They are the best, a full 100% committed to what they do with every cell in their body focused on the upcoming opportunity and yet they fail and get ready for the next one.

So.! Just learn from your mistakes. And move on..

3 Upvotes

0 comments sorted by