Even if you can see market sentiment, it doesn’t necessarily mean you can always make the right choice. For example, when we entered a short position at an old key disagreement point in the early hours, after we were stopped out, the market still followed the sentiment for a long stretch. The stop-loss was barely useful, at least it prevented the loss from expanding.
The market changes in an instant, and you can’t control it. You can only do your best to control the part that can be controlled, and adjust as much as possible. And the places you can use to adjust are the expectations of the leaders on both sides of different disagreement points. You don’t have to use them, but you must understand them. Seeing it and doing it correctly are two different things, and the degree to which you can see it is also what separates traders at different levels.
The market changes in an instant, and you can’t control it. You can only do your best to control the part that can be controlled, and adjust as much as possible. And the places you can use to adjust are the expectations of the leaders on both sides of different disagreement points. You don’t have to use them, but you must understand them. Seeing it and doing it correctly are two different things, and the degree to which you can see it is also what separates traders at different levels.
