I’m always fascinated by the decision making of “other traders”. 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?”.
Project forward and ask, “Where does price have to get to for those people to be stopped out?”
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