Some of my best trades were when I came into the morning wanting to go short if key support levels were lost. I really thought I was about to get a big short play but ended up going long as the price bounced back off support and really took off. I was a bear in the morning but made money by turning bullish 30 minutes later.
I have opened up long option strangle plays on Fridays with one day before expiration expecting a big rally on the call side that would be huge due to the oversold conditions in the market. The next morning a gap down lead to one of my biggest winning trades ever based on dollars in profits and time frame on the put side even going far deeper into oversold territory. Hedging my bets by being open to either side was very profitable.
The profits I have pulled out of the market over the bast decade came from the flexibility to leave myself open to any possibility. I take signals that define a new possibility in price movement instead of trading my own opinion on what should happen. I don’t exit a winning trade until I have a good reason to. I don’t exit a losing trade until I believe I have been proven wrong through price action.
In trading it is profitable to always trade with an open mind and flow like water with the entry and exit signals you receive from price action. Traders that get stubborn about what they think must happen will get shattered like a delicate ice sculpture against the rocks of price reality. The most obvious is almost never the right trade the most uncomfortable is usually what works.