Most of us are trained to ask the question "Why?". This is true because, from the time we sit in school, we are all taught to solve problems, study the reasons that lead to problems, events, and phenomena (such as physical phenomena). Of course, this training is right for engineers, accountants, doctors, lawyers, when they need to know the reason for it to come up with suitable solutions. For example, do doctors need to know what illness you have? Why does it happen so that a treatment regimen is proposed?

While this is how research works well in other professions, the financial sector is completely different. In the financial sector, we will not be rewarded simply for understanding the rationale why something happened, and the pursuit of the right answers can produce scientific satisfaction but often does not bring us "Profit". It can cause a waste of precious time as well as energy while instead, the real focus we have to be on is identifying as "What's happening" and then on the act of liking well suited.

Here is a list of reasons that, instead of asking "why", we should question "what":
  • Other professions find solutions, while we need to work with probabilities. This means that when a cause occurs, all other professions already have an appropriate statement attached. Whereas with trading, if this a cause occurs, it is unlikely that this proposition will happen.
  • Trading is a profession where the answer lies in the future. But the future is not certain at all.
  • As soon as we complete the "why" answer, the environment may have changed, while problems persist for other careers.
So instead of asking the "why" question, perhaps we need to:
  • Focus on what's happening, not why it's happening
  • Plan based on what we see.
  • Be open to change and be ready to make the necessary adjustments when it happens.