The essence of _______ is to determine whose judgment about the market is wrong.

Question

Quizplus · Accepted Answer

Contrary opinion rules are based on the idea that when the vast majority of market participants hold the same opinion or position, it's likely that the market will move in the opposite direction. Therefore, determining whose judgment about the market is wrong is key to making profitable trades using this approach. Key indicators and smart money rules may be useful in analyzing the market, but they don't necessarily focus on identifying the wrong judgments of other traders.

The Essence of _______ Is to Determine Whose Judgment About