ICT Trader explains why 90% lose in Forex Trading. | Words of Rizdom EP.45

Поділитися
Вставка

КОМЕНТАРІ • 973

  • @wordsofrizdom
    @wordsofrizdom  Рік тому +62

    Watch Full Episode - NBB Trader: SMC The New Retail?, The Real Trading Algorithm, Thoughts on ICT | WOR Podcast EP.45
    ua-cam.com/video/LF1VTFohH0U/v-deo.html

    • @Gaurav-dm8nv
      @Gaurav-dm8nv 8 місяців тому

      Ok

    • @andreiciocan9549
      @andreiciocan9549 6 місяців тому

      what does SMC mean??

    • @mbyt5688
      @mbyt5688 6 місяців тому

      Smart money concept ​@@andreiciocan9549

    • @luisbarbosa8136
      @luisbarbosa8136 5 місяців тому

      @@andreiciocan9549 SMC - Smart Money Concepts

    • @Dotsevn
      @Dotsevn 5 місяців тому

      Okay

  • @wtyronechandler5881
    @wtyronechandler5881 Рік тому +2039

    Your hair line is an indicator for resistance

  • @sorcytradesfx
    @sorcytradesfx Рік тому +1732

    Everything works, just those that are disciplined with it are winners.

  • @MrWackydoodles
    @MrWackydoodles Рік тому +295

    smc, ict, s&d, snr, trendlines. They all work, you just need to figure out where and when they work, that's where back and forward testing come in. I used to overcomplicate things and jump from one strat to another, just pick one and be really good at it and you'll be good. I only trade support and resistance now and it's freaking great, I only lose 2-3 times out of 10 trades with 1.3:1 RR.

    • @hazeraj16
      @hazeraj16 10 місяців тому +8

      Where did you find your strategy man bc i want to trade with support rezistance something but i dont know where should i orientate myself, can you help me?!

    • @ojvic7297
      @ojvic7297 10 місяців тому

      @@hazeraj16
      Theres this dude called dapo willis…
      He’s the best trader in the world for me

    • @mouademalki680
      @mouademalki680 9 місяців тому

      look at the charts try to invent yours
      @@hazeraj16

    • @omother6950
      @omother6950 9 місяців тому +13

      Yeah I feel like we aren’t given the context, the people who make real money keep it all a secret. Because that’s how the real money is made when you understand what the market wants to do( HTF intention) that’s where you know when and where to look for your setup

    • @teey1287
      @teey1287 9 місяців тому

      @@omother6950icts content is literally free

  • @ntokozomashaba945
    @ntokozomashaba945 Рік тому +87

    Don't follow the majority just focus on what works for you. Don't listen to people telling who think their way is the only way if your strategy works continue using it

  • @Goldmoves181
    @Goldmoves181 Рік тому +452

    I just want to sue this guy's barber

  • @IsaiahDickens
    @IsaiahDickens 23 дні тому +87

    As a newbie about to invest, you must have these three things in mind
    1. Have a long term mindset.
    2. Be willing to take risk.
    3. Be careful on money usage, if you're not spending to earn back, then stop spending.
    4. Never claim to know - Ask questions and it's best you work with a financial advisor Rolando.

    • @VittoreCremonesi
      @VittoreCremonesi 23 дні тому

      Trading in Bitcoin now is the wisest thing to do now especially newbies beginner....

    • @IreneoCocci
      @IreneoCocci 23 дні тому

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
      Rolando Diaz is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns

    • @MozelleDietrich-f9p
      @MozelleDietrich-f9p 23 дні тому

      Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...

    • @MarinatingBernice
      @MarinatingBernice 23 дні тому

      You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach him i really need help in this bear market now?

    • @IsaiahDickens
      @IsaiahDickens 23 дні тому

      he's mostly on Telegrams, using the user.

  • @Price_Action_Trades
    @Price_Action_Trades Рік тому +197

    They are trading retail this just cracks me up. We are all retail traders.

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +31

      You’re not wrong there

    • @Dreamweavernow
      @Dreamweavernow Рік тому +13

      Yes we are all retail cause of our deparity in capital but being retail doest mean you have to trade with retail concepts

    • @Price_Action_Trades
      @Price_Action_Trades Рік тому +25

      @@Dreamweavernow banks trade differently from retail. I know this because i used to work in a bank. Bank trades fundamentals round levels, they trade for hedge and positional trading. Nothing similar to how retail like us trades. Very different believe me.

    • @odioncinar3753
      @odioncinar3753 Рік тому +8

      ​@@Dreamweavernow Nobody knows bank concepts my guy

    • @jaredhansen6431
      @jaredhansen6431 Рік тому +5

      ​@@Price_Action_Trades So true and what amazes me is when I learned a bit about BTMM they trade with market maker and with the levels too and it can up to 1 to 3 levels or 1 to 5 levels and it showed me how most 90 percent of retail traders get trapped

  • @backenddj1739
    @backenddj1739 Рік тому +129

    People make trading so hard. All u have to do is use risk management u gone lose money regardless

  • @jarvisprice8777
    @jarvisprice8777 Рік тому +141

    Supply and demand on a smaller time frame is nothing but a double bottom on a higher time frame... Too many traders focus on trying to be right, instead of consistent

    • @YoussefBmm
      @YoussefBmm Рік тому +12

      I don’t agree

    • @Charliehas
      @Charliehas Рік тому +11

      I agree. To actually become decent you need to annualise whatever your trading thoroughly. Looking at weekly, monthly and yearly charts. Watching how the entire market is moving aswell as paying attention to news. It takes a lot of time but if your good with self educating yourself you can really go far with it.

    • @syahirulfadhli4255
      @syahirulfadhli4255 Рік тому +1

      ​@@YoussefBmmIf you focus on being right instead of consistent with your strategy, tells everything about how unprofitable you are. Every strategy with proven backtested data is profitable but it heavily depends on the person himself.

    • @ntokozomashaba945
      @ntokozomashaba945 Рік тому +1

      ​@syahirulfadhli4255 wrong not every strategy is profitable

    • @LorisNov
      @LorisNov 11 місяців тому

      problem is that supply and demand sain‘t a smc concept.

  • @RicoForex
    @RicoForex Рік тому +9

    What people never factor in is timing. You can markup your chart with a million things but when London open or NY open happens, it can change the entire narrative of the market. We are trying to figure out what the banks and hedge funds are doing. They accumulate orders manipulate price then go in correct direction. That manipulation is the high volatility to hit stops on both sides before going real direction. Everything works with timing added in. People be trading asian session then get stopped out during London or NY open and cry this doesn't work. It works if you are patient first and let them show you something

  • @johnan06
    @johnan06 Рік тому +83

    If you don't decide the price, you are retail. Retail and SMC patterns is similar, just different narratives. SMC accumulation=consolidation, Relative Equal highs =double top, order blocks = engulfing candles,mitigation blocks= support and resistance and so many other

    • @SassyOnline
      @SassyOnline Рік тому +6

      Don't see how order blocks are the same as engulfing candles lol.

    • @odioncinar3753
      @odioncinar3753 Рік тому +14

      ​@@SassyOnline ob is something as supply and demand, nothing new. nobody is trading like the banks, we're all retail

    • @Kloutkulture
      @Kloutkulture Рік тому +3

      Retail patterns have accumulation consolidation patterns and have for centuries. Regardless of what your FURU tells you nothing new under the sun

    • @ntokozomashaba945
      @ntokozomashaba945 Рік тому +9

      We a all retail traders. This guy wants to be so special so badly that he doesn't want to admit he's a retail trader

    • @speedhunter7303
      @speedhunter7303 Рік тому

      all retails including ICT just created their own terminologies just to recognize or identify the pattern in the market..but reality is...the market doesn’t care how you call the charts..it’s just ‘Bulls and Bears’ UP or Down..

  • @josefajardo2411
    @josefajardo2411 Рік тому +38

    I agree. I believe it comes down to discipline and risk management. All that comes from experience. Adapting to market conditions is key.

  • @Nonamelol.
    @Nonamelol. Рік тому +18

    Another thing is that people view loses as bad and wins as good, so every time they win let’s say 300 dollars they get excited. Just remember you can lose those 300 just as fast as you earned it. Winning a trade doesn’t necessarily mean success, especially in the long-term.

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      That’s a great way of putting it 🫡 hope people take note

    • @DeepRacer-zr4yp
      @DeepRacer-zr4yp 9 місяців тому +5

      As long as you followed the rules of your strategy it is a good trade. Whether it is a losing trade or a winning trade. It is a valid setup according to your strategy. If you don’t follow your rules and it results in a winning trade -> *It is still a bad trade nothing to do with winning you breaking your rules automatically is a bad trade*

  • @Enzo_Rarri
    @Enzo_Rarri 10 місяців тому +2

    This young man is speaking rubbish... All strategies work, it's all about knowing what you can take as an individual trader

  • @loveline7305
    @loveline7305 11 місяців тому +6

    It always makes me chuckle a bit whenever I hear these ICT/SMC traders talk like they're not retail traders themselves 😂....At first I thought they were joking but they genuinely believe they're not "retail" 🤣. Newsflash, if you're not trading for an institution or you aren't regulated, you ARE retail, you're not a professional trader. ICT has his herd delusional 🤦🏽‍♂️

    • @teey1287
      @teey1287 9 місяців тому +2

      Even ict said himself he’s retail so I don’t know what his little fanboy cult are even talking about

    • @loveline7305
      @loveline7305 9 місяців тому

      @@teey1287 exactly

  • @FeelingsAintFacts
    @FeelingsAintFacts 10 днів тому +2

    Bro’s forehead looks like a tight stop loss 😂😂😂😂

  • @yonsei8302
    @yonsei8302 Рік тому +16

    It literally doesn’t matter what you trade as long as you win lol wtaf trading is a one man thing since when was there factions and a war causing a great divide 😂😂

    • @arathaemaxus5250
      @arathaemaxus5250 Рік тому +2

      You don’t even need to win that often to make money

  • @rennej
    @rennej Рік тому +280

    Ict is not a concept, he is a person. He teaches you about how the market actually works. Its not a strategy😂

    • @maximumpotential6867
      @maximumpotential6867 Рік тому +6

      He never said that

    • @maximumpotential6867
      @maximumpotential6867 Рік тому +2

      He never said that

    • @rennej
      @rennej Рік тому +19

      @@maximumpotential6867 it wasnt about what he said in the video, more for the people in the comments and asking if u trade ICT, the term “ict trader” shouldnt exsist😭

    • @bilalshaikh6603
      @bilalshaikh6603 Рік тому +2

      Is ict some course?

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +22

      I get what you mean 🤣

  • @thegamsam
    @thegamsam Рік тому +95

    This is so true. And it took hearing it out loud to realise it.

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +4

      That’s great to hear) 🫡

    • @Asmrcompilationsss
      @Asmrcompilationsss Рік тому

      U heard the 5 months ago... Ive u seen results 😂lol... U all be thrilled by bullshit

  • @Sapien_Crypto_Trader_
    @Sapien_Crypto_Trader_ 3 місяці тому +2

    No need to do this all
    Use simple price action 4hr ❤

  • @t2thek
    @t2thek Рік тому +81

    Honestly this is what has worked for me. Doing a top down analysis which is going to the daily and making off the high and the low. Dropping to 4H to mark off 4H support and 4H resistance. Dropping to the 1H to do the same which is locate support n resistance. Then on that same 1H locate my supply and demand and wait for price to hit either area and react. Been working for 3 years

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +10

      That’s incredible to hear!! Keep it up 🙏🏽

    • @b.i.6007
      @b.i.6007 Рік тому +7

      Keep it up ! We always need to use what works for us , sadly people like complicating it

    • @00B13
      @00B13 10 місяців тому

      How do you use Daily high and low to trade ?

    • @jeff346
      @jeff346 10 місяців тому +1

      Same here , used the same method to get pass my evaluation in 10 days

    • @DeepRacer-zr4yp
      @DeepRacer-zr4yp 9 місяців тому +1

      Very subjective trading approach. You need quiet the experience and discretion to the like this

  • @humzdon4life
    @humzdon4life 15 днів тому +1

    I'm an SMC trader but I can say it doesn't matter what your strategy is or if you trade patterns the main thing to be a profitable trader is risk management. You can have the best strategy and accuracy but you won't make money if your risk management is terrible

  • @Honey-kw2ez
    @Honey-kw2ez Рік тому +56

    Just "Max leverage and no stop loss" is the key to success in trading

  • @mrreal3853
    @mrreal3853 3 місяці тому +2

    SMC-90% LOSING, ICT-100% LOSING LOL

  • @trinitysurfer
    @trinitysurfer Рік тому +18

    i've watched this interview a good 3x great work very knowledgeable young man, def knows his stuff. refreshing, thank you both

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +2

      That’s amazing to hear! Thank you for tuning in appreciate it a lot 💙🙏🏽

    • @emma3860
      @emma3860 Рік тому

      Where do i get the full video?

  • @tristangoat97
    @tristangoat97 6 місяців тому +1

    Guy doesn't know what his talking about

  • @blacc346
    @blacc346 Рік тому +5

    I don’t know why they call non smc traders retail when smc is retail trading too 😂

  • @Asmrcompilationsss
    @Asmrcompilationsss 8 місяців тому +1

    This man is saying rubbish.... he thinks hes making sense

  • @Thetradersclub_
    @Thetradersclub_ Рік тому +20

    Follow price action... Nothing else can beat it.... Limit your loss per day.. Follow proper sl... Risk control... Patience... 2-3 trades per day only

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +2

      Solid advice! 💯

    • @kimikimi4791
      @kimikimi4791 Рік тому +4

      Spot on mate, no strategy gives you win all the time. 2% risk per trade and do not overtrade

    • @Kilonz0
      @Kilonz0 Рік тому +1

      ​@@kimikimi47912%???if on a personal account yeah,on a funded no

  • @rickeywalker534
    @rickeywalker534 4 місяці тому +1

    Me:Hey smart money can you teach me price action
    Smart money:(here comes a sucker ) sure why not do this pattern (thanks for the liquidity

  • @wasd9929
    @wasd9929 Рік тому +4

    smc, techicnals, supply and demand, it all means nothing.

  • @lifewithlaniDUH
    @lifewithlaniDUH 6 місяців тому +2

    is it just me or did he say NOTHING at all? 😂

  • @GreenFuryGaming
    @GreenFuryGaming 6 місяців тому +23

    ICT = I CANT TRADE

  • @bullet7826
    @bullet7826 10 місяців тому +2

    blablabla ...

  • @tradermurse
    @tradermurse Рік тому +36

    Lots of ICT losing too… they miss a lot of stuff

    • @darthtrader7605
      @darthtrader7605 Рік тому

      ICT is literally just a pullback strategy with HTF trend confluence. It’s overrated and goofy af

    • @Kloutkulture
      @Kloutkulture Рік тому +9

      That’s what happens when you complicate a system too much and can’t react to orice

    • @DeepRacer-zr4yp
      @DeepRacer-zr4yp 9 місяців тому

      Way too much discretion. Which FVG you gonna use?? Without rules your emotions kick in

  • @brandona2491
    @brandona2491 Рік тому +2

    ICT renaming old concepts and having people worship him has to be a joke. Am I in purgatory ?

  • @agentpepsi881
    @agentpepsi881 Рік тому +3

    Man everyone got his style these guys over complicate things I don't follow any ict or smc traders anymore toxic and waste of time to follow anyone on Twitter found your style stick with it don't change it even if ict say so

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      Indeed most don’t focus on themselves and wonder why it won’t work

    • @agentpepsi881
      @agentpepsi881 Рік тому +1

      @wordsofrizdom exactly then they jump from concept to a concept destroying their edge

  • @AffectionateFireDragon-gi9ug
    @AffectionateFireDragon-gi9ug 5 місяців тому +1

    Your hair is cup and handle. 😅

  • @victorfalodun9901
    @victorfalodun9901 Рік тому +17

    I love the fact that he said, it comes down to the executor!

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +4

      That’s right; it all boils down to the trader int he end

    • @DeepRacer-zr4yp
      @DeepRacer-zr4yp 9 місяців тому

      The trader is the asset

  • @mixai7
    @mixai7 9 місяців тому +1

    😂 just retail trader talk about institution traders.Are you Saxo banker? or not.

    • @wordsofrizdom
      @wordsofrizdom  9 місяців тому

      Well you never know! The forbidden knowledge

  • @chamodnimsara7054
    @chamodnimsara7054 Рік тому +6

    I don’t understand why he says smc doesn’t have HTF narrative 😂 at least get your facts straight man

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +2

      He’s saying the trading doesn’t have HTF narrative most of the time

    • @chamodnimsara7054
      @chamodnimsara7054 Рік тому +1

      @@wordsofrizdom u mean trading in general or specifically smc ?

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +1

      @@chamodnimsara7054 no he means traders in general. As in doesn’t matter the style most traders will forget the HTF narrative

    • @chamodnimsara7054
      @chamodnimsara7054 Рік тому +1

      @@wordsofrizdom key word is “most” i guess. Coz way we understand and read the market we consider monthly or 6months even at times so i would say it is HTF narrative. And of course we drill down all other TFs as well. And blend them in some cases.
      I have to agree and i even don’t bash any trader or strategy out there. If something works, and it has been for a long period of time, then kudos all u need is the perfect emotionless execution. And everybody goes home happy with profits at the end of the day or week or month.
      If it works it works. Doesn’t have to be perfect or u don’t need the holy grail. And if someone claims if he has it , then his no of trades should be 100% in profits and no trade should be a losing trade. And we all know that person doesn’t exist 😂

    • @sali96
      @sali96 Рік тому +2

      @@chamodnimsara7054 couldn’t agree more bro

  • @solo6741
    @solo6741 11 місяців тому +2

    Everybody's psychological profile is unique and it doesn't matter how many strategies you learn you will lose, unless you frame your own with extensive testing and you can do that only with the right knowledge.
    You need to become an independent thinker.

  • @gayubhujii6187
    @gayubhujii6187 Рік тому +3

    Lol so many methods same concepts under different names 😂! It's just candlesticks man just candlesticks no patterns no bullshit 😅

  • @LiVeTh46
    @LiVeTh46 Рік тому +1

    this guy needs to keep quite

  • @TradeForexwithTom
    @TradeForexwithTom Рік тому +4

    Simply what i do is top down ,monthly do to 4h chart , analyse on daily TF execute on 4h TF ,be patient watch news watch price ,economy

  • @Kapihanumant
    @Kapihanumant 4 місяці тому +1

    Bro thinks he is real goat did he know tompcamp

    • @wordsofrizdom
      @wordsofrizdom  4 місяці тому

      Not sure what you’re saying there?

  • @Apprenticeofhermes
    @Apprenticeofhermes Рік тому +8

    I just had the most AHAAA MOMENT… Thank you for posting this one

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +1

      That’s amazing to hear! Keep up the good work and progress

  • @vsimoesh
    @vsimoesh 4 місяці тому +2

    Why is this guy giving an interview with a helmet on?

  • @LIQUIDITY_TRADERZ
    @LIQUIDITY_TRADERZ Рік тому +34

    SMC, ICT and pattern traders are just retail traders. They put in names just to separate them but they're all retail traders.

  • @gaspol7185
    @gaspol7185 6 місяців тому +1

    Ok EXPERT. Now show us your last 3 years audited trading summary

    • @wordsofrizdom
      @wordsofrizdom  6 місяців тому

      Well maybe reach out to him and maybe he will give it to you if you have capital for him to trade

    • @gaspol7185
      @gaspol7185 6 місяців тому

      @@wordsofrizdom ask Raja Banks where’s Rajaj forex family? . Stop trading in a white label broker, it easy to manipulate. Stop scamming, find God.

  • @shabzzhuh
    @shabzzhuh Рік тому +6

    everything works, theres a MILLION ways to make a MILLION DOLLAR in the markets

  • @Shampakampa
    @Shampakampa 11 місяців тому +2

    Let's play a game of coin toss with unlimited attempts. I understand that this game relies solely on luck, with only two possible outcomes: winning or losing, resulting in a 50% probability for each outcome. Even if you were to continue playing this game for 100 years, your probability of winning or losing would remain at 50%. As an Indian, I've noticed that a 5 Rupees coin tends to show tails more frequently than heads. This observation provides me with an advantage, and over a period of, let's say, 10 years, I will accumulate more wins than losses, provided that I win and lose the same amount each time. This can be seen as having an EDGE. An edge does exist, and once you find that edge, you will become unstoppable in trading.

  • @brianotieno5978
    @brianotieno5978 Рік тому +4

    now genius give us that holy Grail,we need it

  • @wedeyforyou
    @wedeyforyou Рік тому +2

    ICT traders are the most unintelligent

  • @MotorMike24
    @MotorMike24 Рік тому +2

    All traders who don’t trade for a bank are retail traders. The strategy they use is irrelevant. Stop this nonsense.

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      That’s right! All traders who aren’t trading institutional capital are retail

  • @carsandstuff365
    @carsandstuff365 Рік тому

    People in twitter traders lol , never thought I’d ever hear that concept of a trader . This kids is jokes

  • @PromiseSelema
    @PromiseSelema Рік тому +3

    As a ICT trader i would agree that we are toxic in terms of other peoples opinions on strategies that work for them

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      That’s right! At least you recognise it 😂 be sure to check out the full episode and subscribe for part 2 with Omor

    • @FORYOU_2
      @FORYOU_2 Рік тому

      Which is the best ict mentorship ?2016 , 2017 ,2021 or 2023????? Which is the best? Year mentorship?

    • @ceoadz
      @ceoadz Рік тому

      @@FORYOU_2start with the core concepts

  • @MrParti63
    @MrParti63 9 днів тому

    He doesnt know how trading works. This guy thinks he is better than Goldman Sachs /Banks etc . Please dont follow his advise .He is a cheap retail trader who gambles using 1/5 mins time frame.

  • @MrDarryl2053
    @MrDarryl2053 Рік тому +3

    its just the same thing retail or smc is just which is easier to read the market risk management,consistency and right entries is what make the difference.

  • @guilhermealbero5799
    @guilhermealbero5799 5 місяців тому

    SMC ICT DOUBLE WAGYU BEEF TRIPLE BOTTON MOVING TERIAKY AVERAGES WHATEVER IS JUST CRAP. Make trading simple, you just need to manage risk.

  • @Dieselpower24
    @Dieselpower24 Рік тому +19

    That hair line needs some volatility.

  • @Josekmena
    @Josekmena Місяць тому

    Na he said facts. Ion think y’all realize what retail means… unless you’re a “fund” with a few million. You’re retail. And also fact about the HTF narrative, if you don’t have a HTF narrative you don’t have a bias….

  • @indrawoody4382
    @indrawoody4382 Рік тому +3

    When He says HTF narrative, what is that means to him? Is H1 and H4 consider HTF to Him?

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      Yes it all depends on what strategy is being deployed.

    • @P_Money_Man
      @P_Money_Man Рік тому

      You use every time frame that is higher from 1 month all the way down to 1hour or ever 5 minute

  • @forgottentrader1
    @forgottentrader1 7 місяців тому +1

    SMC is retail. Sorry to say it.

  • @nobullfx-os7mt
    @nobullfx-os7mt 9 місяців тому

    WTF did I just hear this guy say:
    "I don't talk down on retail!"
    "They think they're trading SMC"
    "But they're just trading retail".
    what the fuck do you think your trading lmao? which bank do you work for?

  • @hollywooddiaries.6772
    @hollywooddiaries.6772 Рік тому +4

    Ict is false

  • @Degowons
    @Degowons 3 дні тому

    Does it matter what you trade or who knows what?... People tends to forget the purpose of trading, everyone is here for the money but as time goes on, majority forget why they're here and try to do game of been right, thinking they can know more than the other or be right more than the other and forget that the whole goal is to make as much money as they can

  • @andreip.9402
    @andreip.9402 Рік тому +3

    Really...smc using retail patterns??? Do your research first....smc it's not using retail patterns....at the end of the day doesn't matter what is your strategy if u make money 😉

  • @veerakumar9526
    @veerakumar9526 7 днів тому

    Everything works well when you are following trading plan and discipline.

  • @nathanngobeni-ko5qs
    @nathanngobeni-ko5qs Рік тому +23

    I use patterns mixed with smc and I barely take losses my strategy is about 80% accurate

  • @The-Humble-Trader
    @The-Humble-Trader 3 місяці тому +1

    The supercomputers see every order on the level II/level III screens, however, the price is not after small orders. Therefore, anyone who does not control these supercomputers is a retail trader regardless of what method of market analysis they use. This includes even the billions of dollars traded by large funds.

  • @tanvirahmad1409
    @tanvirahmad1409 Рік тому +8

    SMC on top he says 90% are losing and i have been trading since december and only had 4 losses and 120 wins

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +1

      Okay and maybe you’re not in the 90% then lol still doesn’t change the fact most are losing

    • @tanvirahmad1409
      @tanvirahmad1409 Рік тому +1

      @@wordsofrizdom but even then SMC traders dont trade Wedges hes talking abt retail traders they lose alot and ibr i was one of them

    • @secretsmile9219
      @secretsmile9219 Рік тому

      @@tanvirahmad1409 Which smt you are trading ? ict?

    • @mymusic4ever600
      @mymusic4ever600 Рік тому +1

      What strategy do you follow?

    • @tanvirahmad1409
      @tanvirahmad1409 Рік тому

      @@mymusic4ever600 i follow SMC and wyckoff it works all the time but you have to go on the charts at one point

  • @mdtanveerahmed6499
    @mdtanveerahmed6499 8 місяців тому

    😂Nonsense talking here?Every strategy works in trading those who fail is because of undisciplined behaviour with the market.ICT SMC Support resistance supply demand B&R everything works.Traders fail as they can't stick to their plan and same process which is learnt by backtesting

  • @hollandlaak7821
    @hollandlaak7821 Рік тому +3

    THIS IS ALL HARAAM !!!

  • @Mr_POM_11
    @Mr_POM_11 Рік тому +3

    These are the things i think we need to have more, everyone struggles to find their way to consistency but when you hear what other people went through, the health limitations and all that and still make it work for them, it literally tells you there is always a way through to make this work. Love this piece!

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +3

      That’s the aim of the podcast show that everyone goes through a very similar journey and go through the struggles

  • @degeneratefarmers2972
    @degeneratefarmers2972 Рік тому +2

    There is an even better way. It’s much more difficult so many refused to take the time to learn. Option order flows are one if not the best way to trading among these other concepts. Liquidity is what moves markets. This liquidity is created using math and algorithms which move the market. It’s very simple, but difficult to learn in practice because most didn’t pay attention in math class.

  • @zilvermann
    @zilvermann Рік тому +6

    I dont believe smc, but i believe buyers vs sellers

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +3

      Yes sir I am of the same 🙏🏽🫡

    • @elangovaniniyan7832
      @elangovaniniyan7832 Рік тому +1

      I am learning 2 to 3 months smc not working waste of time...😢

    • @Joshgraal
      @Joshgraal Рік тому

      @@elangovaniniyan7832 smc is a scam

    • @JohnSmith-li7xe
      @JohnSmith-li7xe Рік тому

      Nothing wrong with any way. They say a big part if trading is emotions after all

    • @veritaxverity8567
      @veritaxverity8567 Рік тому

      @@Joshgraal it works you just have to find the correct narratives. A lot of people don’t use higher timeframe narratives.

  • @biohazard_trading2143
    @biohazard_trading2143 Місяць тому

    If 90% are losing , Just use exact the Same strategy He IS talking about , and do the opposit 😂 i dont think Its 90% losing 😅

  • @reciouimouadh6907
    @reciouimouadh6907 Рік тому +2

    the solution is in your mind ,not in the chart

  • @gatorslife22
    @gatorslife22 20 днів тому

    Anybody going to explain SMC concepts? Never heard of that before

  • @TradingBears1
    @TradingBears1 Рік тому +3

    Its all about having an edge. If your edge is a retail pattern then so be it. Everyone will have the learning curve. And will find what works for them. ICT AND SMC trade higher time frame as well. It just come down to the trader and money management. Thats all.

  • @mystgeorge7483
    @mystgeorge7483 Рік тому +1

    I'm starting to hate this forex gurus fight we are here to make money what ever works for you doesn't have to work for everyone accept that and live with I trade support and resistance My friend trades heikein ashi candle others use double tops and bottoms some use indicators like RSI so please stop bashing yourselves we are traders not fighters

  • @mr.fish5
    @mr.fish5 Рік тому +3

    HTF is bigboy TF

  • @paulakak6795
    @paulakak6795 Рік тому

    The man speak like he have the holy grail methology 😂😂😂😂 by the way it just profitable trader, i thinks🤨 because no one really no

  • @nazinas21
    @nazinas21 Рік тому +6

    SMC works when you look at the larger time frames. If you try trading SMC in lower times frames you’re gonna get taken out every time!

    • @wordsofrizdom
      @wordsofrizdom  Рік тому

      Very interesting observation for sure

    • @nazinas21
      @nazinas21 Рік тому +2

      @@wordsofrizdom Been trading for years, I’ve lost over 10K while going full time. Had to go back to a job, I want to say I literally just got it down this week. I trade SMC but I use the concepts in the larger time frames then work my way down. But I’m the end any strategy works as long as risk management is on point

    • @John-wu4rc
      @John-wu4rc 10 місяців тому

      Lolz. It works perfectly well on the 5 and 1 minute charts for me at least 😁.

  • @jannisL1
    @jannisL1 2 місяці тому

    This guy seriously thinks hes trading like a f*ing bank its ridiculous. Hes differing himself from a "retail trader" in what hes saying. Its just so embarassing.

  • @rarespopovici4402
    @rarespopovici4402 Рік тому +7

    As long as you use candlesticks charts, you re retail

    • @kushboy5118
      @kushboy5118 Рік тому

      Which chart we use pls tell

    • @tharmenthiranpillai222
      @tharmenthiranpillai222 Рік тому

      Bar chart with one color. Then you will identify where the liquidity was. Practice until you get the right results. Don’t waste time to use other strategy try to find your own strategy.

  • @damminable
    @damminable 4 місяці тому +2

    I’ve been saying this lol they’re trading harmonic patterns 😂

    • @wordsofrizdom
      @wordsofrizdom  4 місяці тому

      Lmao I’m sure many would get angry to hear that 😂

  • @phillemonseemela9850
    @phillemonseemela9850 Рік тому +3

    BTMM, SMC, trendlines *works* 20% of the time because they have to validate the concepts at some point so we don't figure out how they place their position and why, institutional trading is how they move the market, there's footprint behind every trade they take

    • @veritaxverity8567
      @veritaxverity8567 Рік тому

      Exactly. And that’s what SMC is about. I don’t think Richard wyckoff or anyone who’s pioneered this is a retard by any means. Go into the origins. At the end of the day we are given historical data and it is our job to analyze it.

  • @FontanaForex
    @FontanaForex 8 місяців тому

    its all a lie famo. the markets are coded to track your breakeven SL. it moves from us smaller timeframes are the same as bigger its just zoomed in so to speak. so i tested this and its time to tell ppl. use the 34 simple close. 34 simple high. and 34 simple low!!! on any time frame the candles will always always!!!!!! come back to touch one of those 34. so i use the 5m to see within the hour and use the divergence in the stochastic 14,3,3. one love

  • @adan2974
    @adan2974 Рік тому +3

    Price action and volume 🤙🏽

    • @wordsofrizdom
      @wordsofrizdom  Рік тому +1

      That’s the one! Be sure to subscribe we have many more podcasts incoming 🙏🏽

    • @abasis.baruti9819
      @abasis.baruti9819 11 місяців тому +1

      Absolutely

    • @DeepRacer-zr4yp
      @DeepRacer-zr4yp 9 місяців тому

      You can't see the "real" volume in forex. All you get is the screwed broker volume which isn't accurate at all.

  • @Daxxpromax
    @Daxxpromax 7 місяців тому

    Choch, fvg, liquidity grab, all blocks is a pattern and "smc trader" can't accept that😂

  • @bo0stdgst
    @bo0stdgst Рік тому +3

    The world moves in waves

  • @SamuelCamelo-f1r
    @SamuelCamelo-f1r Рік тому +1

    Man idk if anyone’s gonna read this comment but, I’m going into the military to learn discipline and improve my mind and body, but I also want to get into investing. I just turned 18 and am like 3 weeks out of Highschool, I’ve built up a decent build and have read a couple of books but honestly I have no idea where to start, any advice?

  • @mithunkarmakar1763
    @mithunkarmakar1763 Рік тому +6

    First of all SMC has nothing to do with retail pattern.... I don't know how these kind guys get to know these kind of shit information 🤣🤣🤣🤣

  • @fastguna650
    @fastguna650 9 днів тому

    Everyone in these interviews say the exact same things. If you watch one interview you’ve watched them all

  • @Xrptothemoon-r6f
    @Xrptothemoon-r6f Рік тому +1

    This talk big, remember talk is cheap do he doing good in trading?

  • @caesar3909
    @caesar3909 5 місяців тому +1

    The best thing I ever did with trading was stop listening to all this bs. Bro it doesn't matter how you trade what matters is the money; does your style make you money or lose you money? It yes keep doing it, f**k all these guys

  • @ParetoEmperor-jp6ke
    @ParetoEmperor-jp6ke 5 місяців тому

    90% of you whatever small money concepts variants of price actions, ignoring volume as part of trading. thats why big guys and institutions can fool most of you