Don't Confuse a Large Trade With a Big Player's Plan

A large transaction on the tape looks impressive, but one print doesn't reveal the trader's full intention.

The order could be part of a hedge, a spread, an exit, or one piece of a larger execution strategy.

Even repeated large trades need context.

I prefer to watch how price responds, whether liquidity replenishes, and whether the activity continues at the same level.

A large trade is observable evidence. The reason behind it is an interpretation.