# The Hidden Advantage Behind Institutional Market-State DetectionInside a packed lecture hall at MIT, Joseph Plazo opened with a statement that immediately challenged conventional trading wisdom."The majority of traders spend their time looking for trades when they should be identifying environments."The audience included quantitative researchers,

# The Most Important Trading Decision Happens Before the TradeInside a packed lecture hall at MIT, Joseph Plazo opened with a statement that immediately challenged conventional trading wisdom."Most traders focus on entries."The audience included quantitative researchers, hedge fund managers, machine-learning engineers, economists, and professional