I’m always fascinated by the decision making of “other tradersâ€. In particular those who trade in places where I suspect they’ve possibly got it very wrong.
Like here…
It’s a simple model for decision making, which I find particularly useful.
As you watch price you will sometimes find yourself thinking… “WTF! Really! Who would buy here?â€.
Project forward and ask, “Where does price have to get to for those people to be stopped out?â€
And then assess the market for potential opportunity at this place.
There won’t always be something that interests you. But when there is, it can often provide a good move.
Happy trading,
Lance Beggs