Kardec Trader uses an iPhone-resale analogy to explain order flow: buy low from one party, sell higher to another. Markets move faster with tighter spreads, so traders detect imbalances and weakness to ride moves. He covers discretionary strategies like morning top reversals.
An iPhone's market is $1,000. And I know he's selling an iPhone, 800. God, if he sells it for 800, I can sell it to you for a thousand. Boom. Buy it for 800, sell to you for a thousand. But I have to be able to read that and feel that out in the market. Sometimes I can read it, sometimes I can't. Now, with iPhones, a lot easier than the market. Market's quicker. The prices are a lot tighter. You're going with more size, so you're looking at a few cents to a few dollar ranges and being able to read that. And sometimes you read it and you're like, okay, I want to ride this down or ride this higher. And a lot of times you're like, oh, how'd you know that was going to go up or down? You know, I saw an imbalance at a certain point. I saw weakness at a certain point. Like, morning top reversal. People like, oh, like, where can strategy. What book? I don't want to say I made up a strategy, but it's like, what is my playbook, right? What is for me, a morning top? Maybe different. Maybe different from you.
