How to Make Money with Breakout Trading Book
Every trader should know how to differentiate between a genuine breakout and a false breakout.
Do you know why? Because every ‘Entry’ and ‘Exit’ in any trade should come through a breakout or false breakout opportunity!
It’s important to understand two herds that exist in the market:
Smart Money and
‘Smart Money’ refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.
‘Dumb Money’ refers to nonprofessional traders, retail traders who often try to make quick money.
Do you agree that it’s always a good idea to follow smart money?