WY-07-31 / 07
The Same New Fact Means Different Things When Holding or Flat
The Complete Decision Process
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Lesson / WY-07-31
For a flat trader, new counterevidence mainly lowers candidate priority, calls for waiting, or cancels unfilled orders. No opposing position is needed merely to express a view. A holder must also manage existing exposure, so the same fact must map to holding, reduction, discretionary exit, or protective execution.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
9 lessons · Chapter contents
01Use Only Information Available Then and Preserve Trading Records↗02Initial Facts: First Describe What the Market Has Done↗03Retain Other Explanations That Fit Current Price Action↗04How Incremental Evidence Changes Judgment↗05When to Wait, Participate, Cancel, or Replan↗06Confirmation, Rejection, and Cancellation Are Different Actions↗07The Same New Fact Means Different Things When Holding or Flat↗08Evaluate Decision Quality Separately from Trade Outcomes↗09A Complete Decision Process as Price Action Unfolds↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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Analysis and Trading Decisions Within a Complete Structure
