Back To The Basics
Summary
Oliver Velez emphasizes relying on a strict trading template rather than personal biases or ideas, which often lead to gambling. He warns against forcing trades based on expectations, urging traders to wait for market reality to confirm setups. By sticking to basics like dominant color and position, traders can avoid common losses and maintain discipline.
Topics discussed
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Introduction and the value of a trading template
Avoiding meddling and trusting the formula
The danger of biased ideas and dogma in trading
Staying conscious and revisiting trading basics
Categories of losses and avoiding gambling
Identifying weak positions and making your own picks
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