Indeed, crowd psychology has been reflected in the price of stocks, indices, commodities, futures, and currencies since the beginning of the free market. He who joins the crowd has no choice but to move with the rhythm of the crowd. He who transcends the crowd can master it from above.
In trading, a master speculator is one who has transcended the emotional polarities of fear and greed that fuel the market. By rising above these emotions, the master can use technical analysis to observe the oscillations of the collective market mind from a neutral standpoint, free of judgment. Which is why the most common saying in the trading world- “Trade without emotions”.