It is very easy to think that we trade the chart or the probabilities – but in fact we trade against other people’s choices in response to the price movement.

It is then easy to say “well how do I tell the difference?” Ask yourself the question “what is everyone else doing given what has happened in the most recent timeframe that I trade.” In fact, go further and write an short essay about who you are trading against. Once you have a visual in your mind, it becomes easier to avoid getting caught up at the worst kind of moments in market action.