Certainty is a problem for traders.
They want the answer to the question, “What will the market do”.
I do not know.
Does that make me an idiot?
No, it makes me smart.
I know that I do not know, and I accept it. I know that I am not in control, only the market is.
Because I know this, I trade the right way.
Certainty causes traders to hold on to bad positions, because they know they are right. It causes them to throw out stops and take big losses.
I know that I am wrong, a lot.
For this reason, I cut losers and keep losses small.
I know that I do not know.