Emotions and panic can be your enemy or best friend in the market. It’s not uncommon to hear about a trader losing their cool and taking their bets in-play, but have you ever considered actively trying to be on the other side of somebody else’s mistake?
It doesn’t sound nice, but the reality is – the market is the market. Somebody else’s mistake could quite easily be your advantage. So why not make of it?
An Example to Explain:
Take a look at this setup and what happens – you may want to re-watch the crucial moment at half-speed.
This kind of thing happens every day on the betting exchanges. You just have to be looking for it.
People are creatures of habit. If you think about it, you might even realise that it happens in similar situations over and over again!