Jump to content

How can others see where your stop losses are?

Recommended Posts

Hi all, 

Is this true and if so can some institutions?  Go around basically trying to work against at least retail traders?  I'm thinking of things like high frequency trading?  Would this happen on a demo account as well?  Just trying to judge if this is something to take into account in the differences between demo/real.  I think i have paranoia sometimes when i see the market reverse literally as i enter or it reverses hits my stop and then turns back at that point! I've basically stopped looking until positions close themselves because i feel like others are watching and purposefully moving the market against me ha ha.  Of course even if this is true its not a move against me personally as an individual trader but often it feels like it.

  • Like 1

Share this post


Link to post

It is not as simple as flagging your stops so others can see it. Our stops are essentially orders that have not been executed yet, they will be available in the market as a pending order at a particular level. They will not be there as "stops" per se. Level 2 market depth can show the number of orders that are currently available, more or less like the picture below.

Everyone that have access to this kind of data (normally at a fee) can see where those "stops orders" are.
What financial institutions have is "buying power", if your stops are part of a cloud of retail traders orders at  a particular level, an institution can execute a much bigger order that will push the price into a direction that will reach those orders. 
You feel that the market is against you because your behaviour is predictable, probably because of the technical analysis that you are using.  

image.png.213cf86de867cf42f19bf5b66f25f9ec.png

Share this post


Link to post

Thanks for the info, certainly any order i have out there is in a sea of other orders so using an actual stop loss vs a mental stop seems irrelevant.

Share this post


Link to post
44 minutes ago, u0362565 said:

Thanks for the info, certainly any order i have out there is in a sea of other orders so using an actual stop loss vs a mental stop seems irrelevant.

We all think at some point that we are important enough, so the "market" is against us. 

The reality is that if we use the same indicator chances are that we will land in the same range of prices so we will be part of the same cloud of orders.  

Share this post


Link to post

I call it a wash and rinse - it happens often at swing lows and swing highs, as they are the obvious place for stops to be placed at, the "science" of the markets means that these places are often hit because of what the market HAS to do to move.

 

 

  • Like 2

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Member Statistics

    • Total Topics
      12,422
    • Total Posts
      63,139
    • Total Members
      83,827
    Newest Member
    Oadebayo
    Joined 19/09/20 05:01
  • Posts

    • I want to believe that, even if we had viruses for many years and we lived with them like nothing happened, this one is killing more people than it should. At least is what reports are saying. That is why countries are forcing lock-downs. Think about that a lock-down is going to extend the furlough policies all over the world again. I don't think a government want to pay that money out to citizens if they don't have to, and companies are going to have to close business for good if we have a second lock-down everywhere. I agree with the statement that we had many corona-viruses before i.e. common flu, but why now governments are taking these draconian measures to force people into a quarantine? If we had the same dangerous viruses always around why are they now locking people at their homes. Did they not care about people before? I think the virus is way more deadly than they tell us and that is why people are not really that scared of it. If we had all the information that is available to professionals we would be really scared and people would lock themselves without waiting any government to tell them. My wife is Chinese and I get their news first hand. They are not reporting what is really happening since the very beginning and it is really hard to trust the Chinese government  on anything related to this virus. They still have the problem there, they keep locking entire cities down for short periods the minute they see anything. It is not reported here in the news but every week they lock people down at their homes.  This virus is really nasty and if locking people down is going to stop it, let's do it. 
    • I agree with 99% of this - the current strain is virtually exact to a strain found in 2012 by a group of Chinese scientists, then when 6 of them died from exposure the virus was sealed and sent to Wuhan I challenged David Icke  to prove the excess deaths were'nt excess deaths, from the info I looked into I'm satisfied the virus is genuine and I'm probably one of the worlds biggest sceptics  From a lock down point of view I'd of thought the perfect place to test out compliance of mass herds would be the USA - hasn't happened strongly enough for me to be concerned but it shown those that could create such circumstances how compliment most people are.  
    • Corona virus has been with us since forever we just never mass tested before. There are no extra deaths this year than any other and it's the same unfortunate types who die of corona virus every year (over 80's with pre-existing conditions 90% of cases). Corona virus is always circulating in the population most people being completely unaware and asymptomatic, herd immunity is built and the virus mutates or dies out. Tests just show you have been exposed to the virus at some stage which could have been months ago and you were most likely asymptomatic. Vaccines don't work for corona virus because they mutate very quickly which is why there is no vaccine for the common cold (a corona virus). And why flu shots don't work very often because they are based on the previous years dominant strain not the current year's (the mass manufacturing would be too late). Covid 19 has already been mutating and the last studies I saw several weeks ago confirmed that as usual a particularly nasty strain becomes less deadly with each new mutation. Another 30,000 people will die next year from respiratory infections as it's the 5 year rolling average (covid 19 or not), weather it'll be covid 19 next year or another strain no one knows but they will keep the covid ball rolling anyway. So all in all it looks like lockdown til the end of time.      
×
×