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What is Hindsight bias?

Believing, after the fact, that an outcome was predictable, or rewriting your reasons to match the outcome. Writing plans and journal entries before outcomes are known guards against it.

In context

For each level, record four things: the price, the source, the confluence, and what you would want to see from the flow if price arrives. This last field is what turns a line on a chart into a testable hypothesis. It also blocks hindsight bias: after the session you cannot say "I had that level too" if it was not on the list.

From Chapter 11: Putting It Together on Gold

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