Trading is about FOMO (Fear of Missing Out)
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Leonardo Cardoso is managing a platform that measures market sentiment in real time for traders to act on it daily. This means that they have had to measure behavior of market participants and found that there are 55 different types of market participants that influence the markets.
With this information they were able to find that the best traders are those that understand themselves, the playing field and always stay within their comfort zone.
What else did they learn?
That markets are cognitive biased
That machine learning is biased
And that immediate behavior is easier to predict than long term one
“Traders need to work as fighter jets pilots”