Why has no one commented on this message? It’s a truth, after all. I know there will always be those who will never change their minds because they are stubborn in their strategy
I saw your topic yesterday but you contradicted yourself. Let me quote it for you:
This is the title of your topic:
Stop trading SMC
This if the content of your topic:
SMC is a very powerful school of thought, very popular, and if you are someone who follows this school, you will be one of the millions of traders trading in the same way.
SMC is not different from the basic market structure that we all learned at the beginning, which is based on support and resistance.
So are you saying people should not trade with a very powerful school of thought, very popular, and if you are someone who follows this school, you will be one of the millions of traders trading in the same way?
People have the strategy because:
Basically, SMC states that market makers (i.e., banks, hedge funds, etc.) are manipulative entities, and that moreover, they are actively making life difficult for retail traders.
According to SMC, as a retail trader, you should base your strategy on what is happening with the "smart money" (i.e., the money belonging to market makers).
Indeed, you should try and pattern your trading off of how these market makers are trading. They are concerned with supply, demand, and market structure. So, as an SMC trader, that is also what you are looking at when making your own trade decisions.
So the traders what to act like banks and other institutions that uses the strategy to trade.