Fear of being wrong: what's it costing you?

Needing to be right distorts everything: stops moved to avoid the "wrong" outcome, losers held to avoid realising the error, entries skipped to avoid the possibility. The market doesn't grade you; it bills you.

Fear of being wrong: what's it costing you? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your experience?

  • how the fear shows up in your trades
  • the trade it cost you most
  • how you separated being wrong from being bad
Fear of being wrong: what's it costing you? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The expectancy guide reframes wrongness as part of the edge.

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