How accurate is the sentiment indicator?

Mar 27 at 17:46
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4 Replies
Membre depuis Oct 02, 2019   posts 1
Mar 27 at 17:46
This is supposedly based on “verified, real accounts only” but these stats just don’t seem plausible at all. No way there are twice as many winning traders as losing traders and the average account size is 6 figures.

How are these stats actually being generated? Can someone explain?

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Those who can't do...teach
Membre depuis Jul 19, 2024   posts 2
Jul 19 at 19:37
Factors such as sample size, diversity of participants, and transparency in data collection can influence the accuracy of sentiment indicators. Additionally, sentiment indicators should be interpreted alongside other technical and fundamental analyses for a comprehensive understanding of market sentiment.
Membre depuis Feb 12, 2016   posts 108
Jul 24 at 18:13
Sentiment indicators provide insights into the overall mood or positioning of market participants, which can be useful for gauging potential market direction. However, their accuracy is limited as they reflect collective sentiment rather than predict precise price movements. While sentiment indicators can highlight extreme bullish or bearish positions, they should be used in conjunction with other forms of analysis to make well-rounded trading decisions.
Membre depuis Sep 21, 2019   posts 9
Aug 01 at 13:03
hi there
these stats are often based on selective data from a subset of traders or accounts, which can skew the results. they might not reflect the broader trading community and can be influenced by promotional or biased reporting methods.
Wallstreet Money
Membre depuis Jul 23, 2024   posts 7
Aug 02 at 08:40
I wouldn't put much weight on it. Some traders may be short term others long term. The data is probably just retail traders who generally get it wrong anyway
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