Remove all bias

This is fine unless price is ranging sideways. If it is doing that, just stay out or go with longer term PA.

Quote from rtiger29:

This is very simple, i dont know why people want to make it complicated. Or maybe we are all talking about the same thing, but a different way. But the point is, after you place a trade based on your chart observations, and you find out the trade is going in the wrong direction, and your in the red, its okay to admit you were wrong and its okay to acknowledge that price could be heading in the opposite direction. Don't let your initial assessment cloud your judgement as to where price is heading. This is probably the reason traders hang on to losers as well. I mean i don't understand what is so hard to understand. Leave bias at the door when your executing your trades. If you see price reverse, and your in the red, or price has hit your predetermined stop, don't be afraid to go in the other direction. To me i see this as trading with a clear mind, your just following price, and not your bias of what you think should be happening.
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Quote from oraclewizard77:

This is fine unless price is ranging sideways. If it is doing that, just stay out or go with longer term PA.
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Correct, i agree. And thats where experience comes into play. Often times, by the time one realizes the market is ranging, they are already in the negative and fighting to get what they have lost back. The second one notices price is ranging, its better to just leave the screen and take a walk or something, live to fight another day.
 
Directional trader is forced to be biased by his/her method. Whenever we get a signal, it's a bias which tells us to either buy or sell.

Now the other thing is what kind of bias criticized by the OP here? Method-based, justified by your rules or purely emotional, illogical bias? That last one of course doesn't make much sense.
 
Quote from cornix:

Directional trader is forced to be biased by his/her method. Whenever we get a signal, it's a bias which tells us to either buy or sell.

Now the other thing is what kind of bias criticized by the OP here? Method-based, justified by your rules or purely emotional, illogical bias? That last one of course doesn't make much sense.
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Hmmmm
 
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