SMC is not the end all be all

There seems to be some sort of obsession with Smart Money Concepts as if it’s the only way a trader can make money in the markets.

Personally it’s almost cult like the way some of the SMC traders speak about this strategy (yes it’s a strategy) and it’s founder the ICT guy. I don’t have anything bad to say about the methodology or even the guy himself but there is no reason to pedestilise SMC.

It’s like traders (especially new ones) get pushed to learning SMC and nothing else, considering that trading is personality based.

But I guess like many other methodologies that were big at one point (Wyckoff, Harmonics, Elliot Waves etc.) there will be another “holy grail” to replace it.

All trading is pattern based trading, that’s what makes the markets interesting because two people can be looking at the same chart but notice different things that consistently occur and both be successful long term.

Happy trading.