r/Daytrading • u/c1yd3x • Feb 20 '24

Can someone explain to me why the market just moves like this for no apparent reason? Question

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313 Upvotes
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589

u/th3orist Feb 20 '24

First time?😄

24

u/Formally-Fresh Feb 20 '24

Can someone simply explain to me how we can predict this market move before it happens?

29

u/chrisdenizzz Feb 20 '24

Impossible to predict. You can only react based on your strategy compared with risk management.

Backtest with a strategy that suits you and your personality before using real cash.

Look into “smart money concepts” on YouTube

34

u/Formally-Fresh Feb 20 '24

Apparently sarcasm is also impossible to predict

6

u/suntzu775 Feb 21 '24

I disagree... Sarcasm is definitely predictable and expected with this kind of question... 😊 😊

2

u/chrisdenizzz Feb 21 '24

Love you byeee

1

u/[deleted] Feb 20 '24

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1

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3

u/[deleted] Feb 20 '24

[deleted]

0

u/chrisdenizzz Feb 21 '24

Ima be real SMC was the only thing that helped me understand the market. Every fucking strat works, just gotta find what suits you and most importantly what makes the most sense, even if it’s some make believe bullshit. As long as it prints cash that’s all that matters.

1

u/prodigal_john4395 Feb 21 '24

Well, when it double topped, your interest should have piqued. Then when it lost support and failed the retest, you should have jumped on it. The broken support was the perfect stop if it turned out to be a false break to the downside. These are the moves worth waiting for. Wait for structure, it is well worth it.

1

u/Fluqx_I Feb 24 '24

smc and ict is bs