Why I like saying, "I don't know" in trading
A lot of traders like to sound like fortune tellers. They'll say: "Trust me, the market is going to this." "I can already see where it's heading." And if you've ever followed those calls, you probably noticed how quickly they flip their bias when they're wrong. One minute it's "short QQQ because of aggressive puts," the next it's "we're popping into close." They're noise. They are not edge. People buy into it because they don't know what they don't know, and it feels safer to follow someone who sounds confident. Most of these gurus don't even understand the basics of how market function: - The VIX option chain isn't just one product. It's actually built from 4 different VIX derivatives - SPX itself is typically used by institutions as a hedging instrument, while SPXW products are more geared toward directional trades - Few retail traders grasp what market makers really do or how IV reshapes the Greeks. So when a guru pretends to "see the future" but doesn't even understand market mechanics, why would anyone rely on them? Anyways...here's the smartest thing all of us, including myself can say as a trader: "I don't know where the market is going." This in itself is an edge. Why? Because it keeps you reactive. Being proactive is nice, but being reactive is what makes you that dough. Stay flexible and unbiased. With a define entry, exit, stop loss, and risk management, you're free to adapt instead of getting trapped by bias. And most importantly ut unchains your from being emotionally driven. By saying you don't know, you're composed, more logical, and more process-focused. Humulity is what gives you staying power.