Chapter 4. The Other Traders
After you have firmly grasped that the market is neither good nor bad but simply a world of opportunity, you must begin to embrace the fact that within this world of opportunity are countless traders seeking to capitalize on the same opportunities as you. Some haven’t a clue what they are doing, but more and more are learning, studying, and utilizing basic trading strategies, such as traditional technical analysis. To remain one step ahead of this crowd, you must not only study the underlying market character, you also need to study the current market players. The sooner you realize you are trading against other traders and not just the stocks or the market, the better off you will be.
Different market environments ...
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