Jack Reacher, from Jim Sogi

September 30, 2015 |

 Jack Reacher is my favorite fiction character by author Lee Child. He's an investigator that suggests thinking like the perp to find him. Use his same thought processes to deduce where he'll end up.

When trading, I try to think how the sellers, especially a panicked seller, might think. Or how the buyers might think, and when they'll start buying. There are tells, there is the statistics of how they reacted in the past. It's helpful to think in the other guy's shoes and be one step ahead, proactive rather than reactive.

Ed Stewart writes: 

I've found that to be one of the most valuable thought processes for trading. Either anticipate the squeeze point or fade after it occurs at an appropriate distance (biased to trade with any drift).


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