Originally Posted by jayneseo
It just seems too black or white with no grey/gray area in between. Limp = bad or super good. But I do see what you're saying too.
Here's something to think about
What if you consider other peoples cards but you know they don't? Do you just consider your own cards then?
There's a concept called "levelling." The idea is this:
Level 0 (Zeroth level) thinking: What are my cards?
Level 1: What could my opponent have+
Level 2: What does he think I have?
Level 3: What does he think I think he has?
Level 4: What does he think I think he thinks I have?
The real trick here is to be one level - but not more - above your opponents. If they think on the zeroth level (oooh, look! aces!), you should be thinking on the first level (what hands would he raise UTG with?).
If, however, they think on the first level - "he just called my UTG raise, that probably means he has a pocket pair and is going for a set, or some other kind of speculative hand", you must think on the second level and try to figure out what your opponent thinks you have.
Clearly, thinking on the second level when you have an opponent who's stuck at looking only at his cards is a waste of time. Worse, it's actually something that may lead to incorrect conclusions. "Out-thinking your opponent" is a consequence of precisely this.