H
Mike
@hipkin_mike
Last seen:
17 hours ago
Plan your trade, trade your plan
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Losing tends to make us feel that way, You have to learn to be wrong without thinking theres anything wrong with you
retail traders are not even part of the market, they are betting on the market but they are not betting in the market. The 2.4% you are talking about is the brokers and not the retail traders
Flaw 3: Too Much Jargon
When you listen to SMC traders talk about it you hear lots of jargon like Imbalance, mitigation, inducement, etc. These words are coined to make simple concepts sound complicated. These jargon words are meant to keep you confused and searching for more knowledge hence buying more courses from course vendors.
It would have been much easier if you at least attached some images to show us what you mean. Trading is a practical endavour so words should be backed up with practical imagery.
"These wicks are fuel for institutions to enter larger positions." --- We don't really know how Institutions trade, Do you have anything to backup this statement? Please share with us.
From what I know, banks don't trade against retail traders, banks trade amongst themselves in the inter-bank market. Like I said if you have any evidence to prove this you can share it.
I also disagree here, Institutional players don't hunt stop loss, they dont need your money. The people who hunt stop losses are fellow retail traders. If you have any credible source of information to back up this claim please share it here.
I disagree, large banks/institutional players dont need your liquidity to enter a position, they are the liquidity themselves. Why will a market maker like Citadel who control $68 billion ininvestment be looking for a retail traders $100 to enter a position?
Flaw 2: You Cannot Spot An Order Block By Merely Looking At The Chart
It is true than institutional traders execute block trades, Privately Negotiated Trades (PNTs), dark pool trades etc. on various stock exchanges but they do it so quietly that if doesnt spike the charts. So SMC advocates falsely claim that by looking at charts they can spot order blocks but this is flawed logic. Attached is a report on PNT hedging trades executed in the dark pool by a market maker for EUR/USD, but if you go to the charts for that date, you will not see any noticeable price action.
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