You Are Trading Against Other Traders

This Element is an excerpt from Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading (9780137067084) by Quint Tatro. Available in print and digital formats.

Trade with the hawks, not the squirrels! Learn how to demolish traders still relying on basic technical analysis.

I sifted through countless charts. Each walked a very fine line, looking as if at any moment they would crater into the abyss. I imagined the number of traders cuing up these exact charts for shorts, and I shook my head again at what would surely be their misfortune. For a moment, I remembered what it felt like to be in their shoes….