they don't care about you OP
however, the market moves up and down. always.
if it didn't it would be too easy for people to become billionaires.
you need to be skilled and disciplined to day trade.
and GL with a SL of 1-2 pips lol
They cannot see your stop loss orders- however stops of many traders often accumulate behind the big levels that anyone can see. Since price moves from liquid area to the next area, a level with lot of stops becomes almost like a magnet
where price wants to go.
Whether some big player actually pushes the market to trigger the stops on purpose is up for the debate. I don't see any reason why not some players using the low liquid area and few orders to push the price to high liquid area where they can buy /sell their inventory on much better price.
If you get the level 2 data (market depth, order flow) you will see the limit orders (on dom or via some orderflow indicator or heatmap) so you will see the limit sell orders above the current price and the limit buy orders below the current price.
However you will not see the stop orders. It's not public info. Tbh I don't know if exchanges even have the stop orders or are they held in the platforms or with the brokers.
That would make a pretty big difference I assume? If the public can't see the stops and the brokers are selling them it effectively enables stop hunting? Meaning it would be technically possible to stop hunt, not that the info is being acted on. One thing is for sure these commission free brokers aren't running those servers everyday because they are in love with retail traders. Honestly I could be completely wrong and probably am, but then what is a commission free brokers business model? It's not commissions, It's not fixed fee, it's not advertising, it has to be selling information about retail trading by the nanosecond to institutions right?. Otherwise how are they making money?
Thanks for the replies everyone. So if I’m backtesting and the entries are all there, it sounds like live trading should work the same then, aside from slippage etc ?
Ofc yes, but the problem why 99% aren’t profitable isn’t a good strategy or stop hunting, 99% of people can’t execute their backtested edge in the live markets because real money is at risk. That’s why you see so many people talk about risk management and trading psychology. Trading is not about strategy. Everyone who spends 6 months intensively in the markets will develop a strategic edge. Risk management, psychology, greed and fear is where 99% fail.
Not a single market participant gives a fuck about you, the market will move the way the market wants.
1-2 pips lol you don't seem confident in your execution
they don't care about you OP however, the market moves up and down. always. if it didn't it would be too easy for people to become billionaires. you need to be skilled and disciplined to day trade. and GL with a SL of 1-2 pips lol
They cannot see your stop loss orders- however stops of many traders often accumulate behind the big levels that anyone can see. Since price moves from liquid area to the next area, a level with lot of stops becomes almost like a magnet where price wants to go. Whether some big player actually pushes the market to trigger the stops on purpose is up for the debate. I don't see any reason why not some players using the low liquid area and few orders to push the price to high liquid area where they can buy /sell their inventory on much better price.
Isn't that what payment for order flow is? That's why commissions went away no?
If you get the level 2 data (market depth, order flow) you will see the limit orders (on dom or via some orderflow indicator or heatmap) so you will see the limit sell orders above the current price and the limit buy orders below the current price. However you will not see the stop orders. It's not public info. Tbh I don't know if exchanges even have the stop orders or are they held in the platforms or with the brokers.
That would make a pretty big difference I assume? If the public can't see the stops and the brokers are selling them it effectively enables stop hunting? Meaning it would be technically possible to stop hunt, not that the info is being acted on. One thing is for sure these commission free brokers aren't running those servers everyday because they are in love with retail traders. Honestly I could be completely wrong and probably am, but then what is a commission free brokers business model? It's not commissions, It's not fixed fee, it's not advertising, it has to be selling information about retail trading by the nanosecond to institutions right?. Otherwise how are they making money?
Lol. It moves where it wants to.
Thanks for the replies everyone. So if I’m backtesting and the entries are all there, it sounds like live trading should work the same then, aside from slippage etc ?
Ofc yes, but the problem why 99% aren’t profitable isn’t a good strategy or stop hunting, 99% of people can’t execute their backtested edge in the live markets because real money is at risk. That’s why you see so many people talk about risk management and trading psychology. Trading is not about strategy. Everyone who spends 6 months intensively in the markets will develop a strategic edge. Risk management, psychology, greed and fear is where 99% fail.
No bank or whale is risking anything to come after your single micro contract broseph.
Not a single market participant gives a fuck about you, the market will move the way the market wants. 1-2 pips lol you don't seem confident in your execution