[SiS]

Quick question for anyone who uses market sentiment data in their trades, what do yoiu do with it?

Like, I’ve got an IG account and always see that client sentiment tab showing % of traders long/short on stuff, but idk how to actually use that info to make better calls. Do you go against the crowd? Follow it? Just ignore it?

Keen to hear how ppl actually use this in day trades 👀

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[Danny]

I don’t trust it much. A lot of retail traders have tight stop losses, so even if they’re mostly long, that doesn’t mean they’ll hold their positions through volatility. The big boys know this and can push price against them to trigger stops before the real move happens.

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[Steve]

Have a look at combining it with technicals. If sentiment is heavily one-sided but price is consolidating at a key level like a major support or resistance zone watch for breakouts or fakeouts.

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