The costliest mistake traders make is obsessing over low timeframes, leading to impulsive decisions. Smart money avoids this by prioritizing higher timeframes for bias and structure, using lower timeframes only for entries/exits.
Traders' costliest mistake is obsessing over lower timeframes, leading to emotional, reactive decisions. Smart money avoids this by anchoring their bias to higher timeframes, using lower timeframes only for entries/exits, prioritizing structure over noise.