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Option Chain Indicator
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How to Think Like Smart Money? is a million-dollar question. As i always suggest that we should follow the smart money flow else we cannot be profitable in the share market. To track smart money, it is important to think like smart money. In this video, i will share some of the important points.
1. Isolate your mind and cut the noise. You should do your analysis without any bias and influence of the external world.
2. You should always wait for the right opportunity. There is no perfect setup in the stock market. However, you should always scan for the near-perfect set up to avoid any wrong trade.
3. To control human psychology, smart money trust Algo trading. Although a retail investor cannot execute Algo trade, semi Algo trade is still possible. You can also track Algo trade data to check potential stock market movement.
4. You should be a capitalist mind to earn profit in the stock market.
5. You should check multiple permutations and combinations. You will find a correlation between the performance of various sectors.
6. Always treat the stock market as a business.
7, Try to understand the next move of smart money because they always try to understand the psychology of retail investors.
8. You should be able to identify the fake and real trades of smart money.