Chapter 7 – In the Market Environment, Reasons are Irrelevant
W: “If you want to learn to predict price movement, you don’t need to pay attention to reasons. What you need to do is determine how the majority of traders perceive the external conditions in relationship to either their fear of scarcity, or their fear of missing out, or both”.
A: Mark is telling traders have a different perception of the market and its value. That perception is drive by fear or greed. The reasons why we trade are irrelevant.
A: Working in focusing what the chart is telling me about the price and how other traders perceive value. Not to anticipate any movement but to understand the move.