I have an unscientific but oddly accurate “contrary indicator”: when non-trader friends ask “what should I buy to make money?”, it’s often the local top.
Last month EUR spiked, my colleague wanted to open an account – I closed my longs. Next day, 2% drop.
Not magic. Retail euphoria is the starting point of institutional distribution.
I made a simple 5-signal sentiment checklist. Click to see it. Next time the crowd goes wild, you’ll know when to step away. #NewbieDailyLearning
I have an unscientific but oddly accurate “contrary indicator”: when non-trader friends ask “what should I buy to make money?”, it’s often the local top.
Last month EUR spiked, my colleague wanted to open an account – I closed my longs. Next day, 2% drop.
Not magic. Retail euphoria is the starting point of institutional distribution.
I made a simple 5-signal sentiment checklist. Click to see it. Next time the crowd goes wild, you’ll know when to step away. #NewbieDailyLearning