Professional trading software is so logical
Every action in the market is taken because someone thinks it’s logical. That includes the trading programs, made by humans, to take logical trades.
Taken as a whole, the markets are purely random. That there is some reference to psychology in them is delusional thinking.
Quote from Rahula:
There is a logic underlying the market but it is an emotional logic programed in the old reptilian part of our brains. Crowd behavior, safety in numbers. Crowd psychology. A school of fish move in unison – who moves first?
And don’t forget hindsight bias, markets are perfectly understandable in hindsight but in real-time no one has a clue as to what comes next.
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