If you read Kahneman's new book "Noise" (which is as important as his last one Thinking, fast and slow) you will find - scientifically proven by a nobel prize winner no less - that you shouldn't decide in each particular case (even as a discretionary retail trader) because our biases and our causal thinking cause too much "noise" as they are influenced by all kinds of circumstances.Skyold wrote: Fri Jun 18, 2021 7:02 pm ...maybe there are some traders who feel that they are always making the right decisions).
Instead you should automate your "trading plan" into steps that are always performed in exactly the same way.
If your setup has a statistical edge you will then be more likely to be profitable.