A short YouTube monologue by Kardec Trader (uploaded Oct 5, 2023) advising traders to change their viewpoint when analyzing markets. The speaker urges traders to consider how different groups (majority players, institutions, retail) perceive price levels and entry points, flipping their own retail perspective to spot opportunities in futures and stocks.
One big thing, I think I tell traders all the time is when you look in the markets, don't just look at it from your lens. Look at, okay, how is majority of players looking at this? How are institutions looking at this? How are retail looking at this? And for me, when I look at trading from a retail point of view, sometimes I'm like, okay, retails are going to enter here. This would be the perfect place for them to enter. I'm like, okay, I look too short. And for me, just flipping. That mindset sometimes has just been, like, astronomical on, like, futures or stocks. But, yeah, that's why I try to understand, like, how everyone kind of trades and what they look at and whatnot. Just gives you different insights, you know?
