I
The Knowing Problem
Trading Psychology as Structure, Not Self-Improvement
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01
Every trader who's read Kahneman can explain loss aversion. Most of them still hold losers too long and cut winners too short.
The knowledge sits there, inert, while the behavior continues unchanged.
02
Something else is happening.
The biases don't operate as urges you resist through willpower. They operate as reality distortions that happen before you even begin to deliberate. By the time you're making a decision, your perception has already been shaped.
03
This book explains the mechanism.
Not the familiar catalog of biases. The reason those biases operate despite awareness. And the structural approaches that actually work, precisely because they don't rely on willpower or self-knowledge.
Completed manuscript. Read free.
Contents
6 Parts · 24 Chapters
II
The Biases as Mechanisms
III
Why The Fixes Don't Work
IV
Structural Solutions
V
The Damage Problem
VI
Living With The Machine
About This Book
What it's trying to do
This book offers a framework for understanding why trading psychology fails the way it does, and what to build instead. The core argument: biases don't operate as urges you resist through willpower. They operate as reality distortions that happen before deliberation begins. This changes what solutions are available.
The goal is usefulness. If the framework helps you build better structures around your trading decisions, it has done its job. If it doesn't, discard it.
What it refuses to be
This is not a book that promises transformation. The biases don't go away. The machine keeps running. Anyone claiming otherwise is selling something.
This is not a book with signals, setups, or strategies. It has nothing to say about what to trade or when. That's a different problem.
This is not a book optimized for engagement. It's optimized for clarity. If a chapter is short, it's because the idea didn't need more words. If the tone is flat, it's because the content doesn't require performance.
How to read it
The book is structured as an argument that builds. Part I establishes why knowing about biases doesn't prevent them. Part II examines specific biases as mechanisms, not just labels. Part III explains why common fixes fail. Part IV offers structural alternatives. Parts V and VI address damage control and long-term management.
You can read straight through or jump to what's relevant. The chapter navigation and table of contents are there to support either approach.
If something resonates, test it. If something doesn't, move on. The book isn't asking for belief. It's offering a lens. Use it where it helps.
Begin Reading"The machine keeps running. The structures keep constraining. The work continues."