Trading secret:
It doesn't matter what the data means, it only matters what everyone thinks it means.
Trading secret:
It doesn't matter what the data means, it only matters what everyone thinks it means.
This matters because the type of intelligence that can parse the pertinent data and derived
meaning from it is very different from the type of intelligence that can correctly anticipate which way the crowd will move next.
This is why so many smart people fail at trading.