Just sharing my experience as a SMC trader
I have been profitable since the start but it was a rough journey for first 6 months, being lost, not making the big monster 100RR, self doubts but after taking my foot of the gas and just refining for 3 months, things started making sense and it's been getting better since then.
I have been trading SMC for the past one year and this is what I've observed
The BIG 100RR trades are hardly 2 or 3% net total
most SMC traders risk very low below 0.50% to 0.10% and take heavy partials at 5R and 10R zones, which leaves less than 30% of the positions running or even less which is eventually closed with a little more gain and just about a fraction of a lot (you can say 0.01 lot) is left to run with stops breakeven.
This could keep going till 100RR and the net gain would be just like any other winning trade of theirs, but the Instagram stories gonna be posted with lot sizes blurred and shown 100R floating
This is where the newbies and traders who are struggling get caught
The name itself is just an upsell to their course, the concepts being the same as supply and demand
the strike rates are very weak and nobody will show you how they took 10 losses before that 1 win
If you think your guru really makes % ask him to trade live and show his MyFXBook data,
and if he is a true trader he wont hide, if he says his % and portfolio is personal and wants to keep it private ... you have your answer !
Many of my friends have fallen for this and struggled real hard and the end result was the same for all
So what ever style you pick just focus and master it and avoid social media while doing so,
There is no Holy grail and no coach is making 100RR every month or week.
I have been profitable since the start but it was a rough journey for first 6 months, being lost, not making the big monster 100RR, self doubts but after taking my foot of the gas and just refining for 3 months, things started making sense and it's been getting better since then.
I have been trading SMC for the past one year and this is what I've observed
The BIG 100RR trades are hardly 2 or 3% net total
most SMC traders risk very low below 0.50% to 0.10% and take heavy partials at 5R and 10R zones, which leaves less than 30% of the positions running or even less which is eventually closed with a little more gain and just about a fraction of a lot (you can say 0.01 lot) is left to run with stops breakeven.
This could keep going till 100RR and the net gain would be just like any other winning trade of theirs, but the Instagram stories gonna be posted with lot sizes blurred and shown 100R floating
This is where the newbies and traders who are struggling get caught
The name itself is just an upsell to their course, the concepts being the same as supply and demand
the strike rates are very weak and nobody will show you how they took 10 losses before that 1 win
If you think your guru really makes % ask him to trade live and show his MyFXBook data,
and if he is a true trader he wont hide, if he says his % and portfolio is personal and wants to keep it private ... you have your answer !
Many of my friends have fallen for this and struggled real hard and the end result was the same for all
So what ever style you pick just focus and master it and avoid social media while doing so,
There is no Holy grail and no coach is making 100RR every month or week.
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