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Do you know every trader (be it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout?
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\nDo you know why?
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\nBecause every 'Entry' and 'Exit' in any trade should come through a breakout or false breakout opportunity!
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\nIt's important to understand two herds that exist in the market:
\n1. Smart Money and
\n2. Dumb Money
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\n'Smart Money' refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.
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\n'Dumb Money' refers to nonprofessional traders, retail traders who often try to make quick money.
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\nDo you agree that it's always a good idea to follow smart money?
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