๐ก There is a trend on YouTube of calling out or exposing forex traders for attention and clicks.
๐ฅ Some YouTubers resort to creating drama and controversy to generate traffic and ad revenue.
๐ Smart money concepts introduced in the trading community have been misused and presented as the only route to profitability.
๐ The speaker emphasizes that their trading concept is unique and different from other popular strategies like Wyckoff and supply and demand, which have been sensationalized for drama.
๐ฃ๏ธ They express frustration with traders who claim to use their concept but don't give credit, and instead belittle other traders who don't follow their approach.
๐ฅ The speaker encourages maturity and responsibility in the trading community, appreciating different trading styles and not forcing one's opinions on others.
๐ Trader Nick's opinion on smart money concepts is not important for individual profitability.
๐ฐ The speaker emphasizes making money regardless of others' opinions or interest in their teachings.
๐ The speaker discusses the analysis of the E-mini S&P futures chart, highlighting the importance of buy stops and liquidity levels.
Traders use buy stops and breakouts to create a pool of liquidity for smart money.
Smart money is controlled by algorithms and artificial intelligence (AI) rather than buying and selling pressure.
Understanding the algorithm-driven price and liquidity helps gain a unique perspective on market behavior.
โจ Smart money traders analyze the market by following algorithms and anticipating price movements.
๐ Smart money traders strategically enter short positions after a flood of buy orders, using sell stops as a counterparty liquidity pool.
๐ Market fluctuations create opportunities for smart money traders to profit by waiting for clear runs indicated by algorithms.
๐ The speaker looks for perfect conditions in price action to minimize losses and enter trades.
๐ They use the concept of fair value gap and liquidity to strategically enter and exit trades.
๐ก The speaker emphasizes that trading involves managing losing positions and waiting for winning trades.
๐ The speaker explains that the markets have always been rigged and it's important to understand what smart money is doing at specific times.
๐ฏ The speaker emphasizes the need for understanding and depth of knowledge in trading, and how blindly relying on luck can lead to financial risks.
๐ง The speaker shares their experience and insights on smart money concepts, creating a language to teach complex ideas and urging responsible mentorship.