Sometimes I wonder.....

Splitlink

Legendary member
10,850 1,232
There are times when I do wonder whether my stops are being monitored and taken out.

I've gone for hours watching the screen with no stop in place but, when I have to do something else and put one on, it gets triggered. I just had one on Footsie at 5543.

I am too small a fish to have my account monitored (I think :idea:), but I sympathise with the "no stop" idea although manual exiting usually loses me more on the trade.
 

arabianights

Legendary member
6,725 1,377
You can think of the market as a whole as one organism if you want... it's quite an interesting thought when you take it to its extremes... try it and then think about the stop thing ;)
 

Splitlink

Legendary member
10,850 1,232
You can think of the market as a whole as one organism if you want... it's quite an interesting thought when you take it to its extremes... try it and then think about the stop thing ;)
Not sure what you are trying to tell me. Could you turn the light up a little brighter?

This is a very sideways market, I expect that my stop was just about where the scalpers come in.
 

arabianights

Legendary member
6,725 1,377
Well, if you imagine the entire of the market is one organism, it knows exactly what your position is, and it knows how you trade. So it knows where your stop is :)
 

Splitlink

Legendary member
10,850 1,232
Well, if you imagine the entire of the market is one organism, it knows exactly what your position is, and it knows how you trade. So it knows where your stop is :)
Yes, but I am a small fish (I know that there are sharks about). I see, now, that the market has gone higher, and I would have got stopped in any case so I am a bit happier. But, since it has happened before, nasty thoughts were beginning to cross my mind. In fact, as soon as I put that stop on, I got a feeling of resignation.
That's one of the reasons that I prefer a stop farther away,when I am watching the screen.
 

Shakone

Senior member
2,458 665
Also people think alike. So you were unlikely to be the only one putting your stop in that area. Who knows how big that fish is.
 

kimo'sabby

Experienced member
1,623 287
There are times when I do wonder whether my stops are being monitored and taken out.

I've gone for hours watching the screen with no stop in place but, when I have to do something else and put one on, it gets triggered. I just had one on Footsie at 5543.

I am too small a fish to have my account monitored (I think :idea:), but I sympathise with the "no stop" idea although manual exiting usually loses me more on the trade.

Stop = order = liquidity. It's nothing personal.
 
B

Black Swan

0 0
There are times when I do wonder whether my stops are being monitored and taken out.

I've gone for hours watching the screen with no stop in place but, when I have to do something else and put one on, it gets triggered. I just had one on Footsie at 5543.

I am too small a fish to have my account monitored (I think :idea:), but I sympathise with the "no stop" idea although manual exiting usually loses me more on the trade.
Blimey Split, I'm surprised at you..:eek: No-one is monitoring our *little guy* stops, that'd have to be one helluva sophisticated software programme to take out your stop in a synthetic market, but still stay a pip or 2 in reach of the real underyling market..If you run 2 chart packages side by side; one from an SB provider and one from a ndd/ecn broker you'll see the margin of diff. is v.small...

Are your stops near big round numbers, or are they simply too tight? One thing you could do if you still worry is pick the HH or LL of the session, (that way in number terms your stop will always be different) or simply widen it considerably, or not 'play' with one at all...(other than disaster-stop)
 

Shanghai

Well-known member
325 54
Depends if you are talking about the market stopping you out or the SB companies. In terms of the markets hunting your stops they will never be targeting you in particular. The FTSE price is just a function of the shares that make it up. If it is the SB company then it is possible but unlikely. They would need to be widening the spread rather than moving the price or else they would be exposed elsewhere. As Shakone said perhaps there were other big players there thinking the same way so it may give some incentive to a SB company but I would be dubious.
 

gooseman

Experienced member
1,776 219
are your stops within the daily trading ranges, or outside (generally)? new prices for the day always get high/low-ticked
 

Mata Nui

Well-known member
341 22
It hurts. Lost one today because of bad stop placement. I was 25points up on GBP/USD so moved my stop to BE (dont mind giving back a few points but giving back +25 to go -25 would have hurt more). Didnt think to look but my new SL was 1.5700. A nice big round number. On my charts price dropped to 1.56994 before going back to max of 1.57939 thus taking me out.

Worst thing is my system says not to move the stop but i was looking at the computer at the time and i already had 3 orders go from +20 ish to -20.

Lessons learnt today:
1. Never mess with the system.
2. Never put stops near big numbers.
 

oildaytrader

Senior member
2,806 125
There are times when I do wonder whether my stops are being monitored and taken out.

I've gone for hours watching the screen with no stop in place but, when I have to do something else and put one on, it gets triggered. I just had one on Footsie at 5543.

I am too small a fish to have my account monitored (I think :idea:), but I sympathise with the "no stop" idea although manual exiting usually loses me more on the trade.
Solution is to increase the size of your balls ,by re-entering with a bigger position on the reversal from your stop.It gets you in at a more favourable price with a bigger stake.
 

Splitlink

Legendary member
10,850 1,232
My stop is normally a disaster stop, in case I get blacked out. otherwise, I intend to close manually. When hunger calls, I slap on a stop. This one happened to be a breakout area on the upside but it triggered, came back down a few points, where it stayed for a few minutes before really breaking out. The time before the big move is when I wrote this rant, but I guess I'm happier now, especially when so many eminent posters answered my post!
 

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