Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
Its not the little ****ty retailfx broker, like IBFX they don't trade at all, its the large liquidity firms that exploit there level 1 access and can see where the majority of buy and sell stops are and move the market that direction with large capital to get you OUT of the market so you cant profit on there capital.Its not some programmer sitting in a room altering your quotes its the big money pushing you OUT.
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
Quote:
Originally Posted by Cyber_Ninja
Its not the little ****ty retailfx broker, like IBFX they don't trade at all, its the large liquidity firms that exploit there level 1 access and can see where the majority of buy and sell stops are and move the market that direction with large capital to get you OUT of the market so you cant profit on there capital.Its not some programmer sitting in a room altering your quotes its the big money pushing you OUT.
Yeah. Ok. For the small funded player.
So what's the problem? If I had access to that data? I'd do it too. I'd use that data in a HEARTBEAT.
Trading . . . is war. Pure and simple. It's one of the few places that truly free market principles work any more. There are great benefits. And great risks. It's part and parcel with the territory. What do you think those ticks of the market are? It's the visual representation of the struggle going on between traders for control of price.
You protect yourself from this particular stop / loss 'strategy' on the part of some of the participants, by not having a small funded account, and placing the stops so close. Tis why I use % of capital stops, watch my risk reward ratios, and my accuracy - and make sure that equation determines where my stops will be placed.
Not under a little line on a chart, like a complete newbie.
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
This old quote might help ones, when they engage in speculative markets. Because it's the absolute truth.
"Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. Nothing you have ever experienced will prepare you for the unlimited carnage you are about to witness. Superbowl, World Series - they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One moment you're up half a mil in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?"
Humorus movie, but very true statement. If you are trading, you have no other friends in those markets. Not your broker. Not your buddy down the street who is trading too. No one. It's just you. Sooner people realize that, the sooner they can look out for their account equity.
Stop thinking that you only lost because you used a stop loss order. You lost because they beat you. Pure and simple. Look to your risk / reward ratios in combination with your accuracy rate. Look to your drawdown. Let the overall money management strategy work BY OCCASIONALLY GETTING STOPPED out, and quit trying to blame others for a bad trade.
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
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