As traders, it’s hard to have a perfect trade when you choose to use hindsight as your judge. There is nothing wrong with using hindsight per-se when it’s used to try and learn and adjust a strategy; however, there is a fine line where you can overwhelm yourself. If you are not careful, you will end up with a day trading or swing trading strategy with 100’s of rules and requirements. At the end of the day, you just need to realize that there are no guarantees. Because of this, you must manage risk throughout the entirety of a trade plan. Yes, there’s no doubt about it that, at times, this will lead you to the conclusion of, “I shouldn’t have done that!”, BUT, this is where hindsight bias is worthless. Because yes, in “this” situation you should not have, but what if the price did what you think it very possibly could have? Would you be upset then? Perhaps this is all getting confusing using words. Let me just show you what I mean using some actual personal day trading results that I was able to capture, live, on video.