There is no smart money in the market change my mind

Discussion in 'Trading' started by Faizanidrishi, May 20, 2025 at 1:59 AM.

  1. SunTrader

    SunTrader

    You get it, right?

    Its all just a ledger. Money changes hands (one account debited another credited) and ownership rights.

    But there is no money in the market, only open positions.
     
    Sekiyo likes this.
  2. Wide Tailz

    Wide Tailz

    WTF is that goofy looking animal doing in here. HOW DARE you mock this important topic.
     
    Sekiyo likes this.
  3. deaddog

    deaddog

    95% of traders fail. Who do you think is taking their money?
    I mean besides you LOL :)
     
  4. Sprout

    Sprout

    'Smart Money' doesn't care what you think or believe nor does it care to 'change your mind.'


    upload_2025-5-20_12-13-11.png


    upload_2025-5-20_12-18-33.png

    excerpt from:
    The American Reports: Containing All Decisions of General Interest Decided in the Courts of Last Resort of the Several States with Notes and References
    By Isaac Grant Thompson - 1873


    Back when I was interested in the concept,
    IIRC, found references to 'smart money' going back to 1600's, most of which refers to injury or pain received by another.

    1926 is when it started to be associated with 'Insider' bets on horse racing.

    Perplextiy wasn't yet released when I did my DD..
    It does a good job and then some
    https://www.perplexity.ai/search/locate-origin-root-of-the-conc-dG_DcvKHQBKI8F0NgBUFcA#0

    In modern markets, 'Smart Money' shows it's footprints through unusual option volume prior to a large move - lot's of examples for those willing to look.

    Trading on insider information, while illegal, doesn't mean it's not happening.
     
    Last edited: May 20, 2025 at 3:37 PM
    swinging tick and Sekiyo like this.
  5. deaddog

    deaddog

  6. Just open positions waiting to get filled stopped or waiting to hit their target.
     
  7. Listen up—if I ever crack the market and master the art of trading, I’m out. Gone. Vanishing to an island where no one can bother me with their foolishness.

    What I’m not going to do? Waste my time writing some book about it. Why would I ever sell my secret for a pathetic $6.99? That’s for the clueless masses who actually think some author is going to hand them the golden key to riches. You think the game of money works like that? Laughable. Retail traders devour these books like they hold some sacred truth, never stopping to ask the obvious: If this knowledge were so exclusive, why would banks allow it to be published for the world to see?

    There’s no “smart money” in the market—just people like you and me. But when it comes down to it, the one who walks away richer isn’t the one flipping pages in a bestseller—it’s the one who outthinks, outmaneuvers, and outplays the rest.
     

  8. No one cares about anyone—nor you about me, nor me about you. If there’s any indicator or volume you think is working, it’s laughable. Impossible. You are writing this, fumbling through your pathetic attempt at reason, trying to explain your own foolishness. It’s absurd.
     
  9. I was waiting for this.
     
  10. I was literally just thinking about this to myself three minutes ago while stretching....

    How Dumb and gullible and Innocent some People can be. You really think if someone found Treasure....they would tell you about it...or teach you about it or sell you instructions on how to find it. Stupid shit society.
     
    Last edited: May 21, 2025 at 2:40 AM