#Обучение



"Trading Against the Crowd" by John Sammis – Profiting from Fear and Greed 📚

A 2003 book about how crowd behavior creates better entry points. Sammis demonstrates specific tools for trading against market emotions.

Main points:

▪️ Fear indicators. When the VIX volatility index soared above 40 in 2002, Sammis saw it as a buy signal – the market was oversold in panic.

▪️ Volume as a crowd marker. An example from the book: Cisco's sharp stock decline with huge volume in 2001 marked the bottom because all the weak players had already exited.

▪️ News momentum. Sammis developed a "bull/bear news flow" index: a sharp spike in negative headlines ( for example, the 1998 Asian crisis ) coincided with market reversals 🕯

▪️ Market inefficiency – your opportunity. Markets are often irrational. Emotions create price anomalies that can be successfully exploited.

📌 When market participants act as a group, being overly bearish or bullish, their experience and capital don't matter.
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