De Nile is not just a river in Egypt

I think the hardest thing to do as a trader is to accept the evidence the market puts before your eyes and then to act on it. This is always the case when your current market view is being contradicted by this new evidence.

I find it is plain silly to argue with the market. Sure, it is possible that this new evidence doesn't mean what you think it means, but so what? We are playing a statistical game as traders. That means that we have to push our money into the pot when we think we have the best hand - when the market is giving us information that gives us an edge on other traders.

Even if we do this there is no guarantee that we will win the pot, i.e. that our trade based on this new information will make money for us. Sometimes we get unlucky, sometimes the situation changes but the market doesn't tell us until our position shows a loss. But this is the nature of the trading game. Luck plays a large role in any given trade, but over a large number of trades it is skill that matters. Poker players understand this fact and that is why so many good traders are good poker players too.