moonchild
VIP Contributor
When it comes to trading, there are different to predict the market, most traders say 'price is king' and what that means is that chart analysis is the only way to predict the market, but when it comes to sentiment analysis, it is a different dimension entirely, because sentiment analyst believe that you don't have to analyze the charts before you'll be able to take a trade, most sentiment analyst are swing traders and they own a large account which will be able to take drawdown when they occur, it will be ver wrong if you use sentimental analysis for small account.
In sentimental analysis you have to look at the direction of the market and notice what everyone is doing and what position people are taking in a particular trade, market doesn't care about emotions it goes where most traders are doing, if they are either buying or selling.
And as a sentiment analyst, you do the opposite of what everyone is doing, this is highly dependent on different factors like support and resistance and supply and the demand.
As a sentiment analyst, you take the opposite of what everyone is doing in the market, but this comes with risk too
In sentimental analysis you have to look at the direction of the market and notice what everyone is doing and what position people are taking in a particular trade, market doesn't care about emotions it goes where most traders are doing, if they are either buying or selling.
And as a sentiment analyst, you do the opposite of what everyone is doing, this is highly dependent on different factors like support and resistance and supply and the demand.
As a sentiment analyst, you take the opposite of what everyone is doing in the market, but this comes with risk too
