Cliches, what planet are you from? These are the 2 main reasons why most traders on this site are struggling. Ask them if you want to verify what I say is factual. Most will even lie to themselves about it, which makes it even worse. Then you have the likes of
@Handle123 fantasizing about his imaginary automated trading, which to me is as clear as day that he is a daydreamer, not a daytrader. Show me some proof to verify what he says is true and I will apologize to everyone, as I have no problem doing that if I am wrong.
You're making all the "Empty Suit" mistakes :
Sure WE fail because of Bad Timing (Loss Mismanagement included)
But this is cliche. Because Trading as WE know it is all bout' Timing.
Anyone that reads an article about Trading on Wiki knows this fact.
However you forgot Position Sizing ... See ? Risk Management !
Trading isn't all about timing for those with Skin In The Game.
You could be right 99% of the time and still ending bankrupt.
Proof Proof Proof ... This is nonsense. Another mistake ...
Speculators cope with uncertainty. You just don't.
Your notion of truth is "has been". Move on.
Justified True Belief ... You know. BS.
Anyway .. We can learn from anyone,
Daydreamer or not. Experienced or not.
There are more DON'T than DO with trading.
One of the DON'T is ...
DON'T mistake Absence of Evidence with Evidence of Absence.
You need just one black swan to refute the theory that all swans are white.
Ops ... Got lost.
You can fool 1,000 people 1 time,
But you can't fool 1 people 1,000 times.