Be Adaptable To Market Activity

[Tobi]

If you take a view on the market then it’s a good start.

But being inflexible when the market moves in the opposite direction, can at best leave you left behind and at worst leave you with a losing trade. If you have a very stubborn Chimp mind, it can also lead to a blood bath after fighting the market’s true direction.

What it boils down to is this: a market’s overall feeling can change on a huge number of variables throughout the day. What the market looks like it wants to do to begin with can be flipped on its head later on in a session and although it’s important to track some key influencing factors, you can’t possibly hope to be fully appraised of every piece of new information throughout the day.

 

[gwolf666]

This reflection captures one of the biggest psychological traps in trading: stubbornness. Having a market bias or analysis is necessary, but the market doesn’t care about our opinions—it only reacts to supply, demand, and sentiment. Many traders, especially newer ones, become emotionally attached to their predictions, hoping the market will eventually move in their favor. That mindset can turn a small mistake into a major loss. Flexibility is what separates a professional from an amateur. Adapting quickly to changing market conditions and accepting that you can be wrong is crucial for survival. The truth is, markets are living systems influenced by countless variables—economic data, news, emotions, and even rumors. No trader can track them all. That’s why it’s smarter to follow the price action objectively and adjust your bias accordingly. Ego destroys accounts; discipline and adaptability preserve them.

 

[Min George]

Some traders just have a trading plan and don't study the market to adapt that trading plan to market activities.