Can Market Makers (bots) see your stop in ES/MES?

[David's faith]

Okay okay, I have read Douglas too but maybe it's a bit exagerated

 

[Gaslight Capital]

PhD's (and Mba's) are lousy traders, it has been proved again and again.

lol Not all PhD's and MBA's. In fact I can honestly say the actual successful traders I know all possess at least a Master's degree and many have their PhD or finished their PhD level course work though they may never have defended a dissertation.

The most successful trader of all time is a PhD and his entire team is Masters level and up.

Your "proven again and again" is a myth that allows trading education vendors to fool the uneducated into believing they have a shot.

larry williams in a book once said you need to get use to betting, go to vegas and just get some experience betting with small chips get use to both winning and losing with real money. until you stop thinking about the money you will never win.

This is something those PhD's all recognized very early.

 

[aquarian1]

It seems that my stops are taken out and then the market proceeds my way to make me a loser and a frustrated one. Today I was long MES (2 contracts) and my sell stop was just under 3198.75 then they pushed it down to 3198.25 and run it up...I figure I should have used a wider stop but it makes me wonder. Do they know where the stops are?

Yes they do.
Stops by retail are often in similar area. So LF is incorrect. Your stop may be in a collection of many more and the bots with this level2 info are programmed to run them.

 

[Laissez Faire]

So LF is incorrect. Your stop may be in a collection of many more and the bots with this level2 info are programmed to run them.

Is that me?

How am I incorrect?

It’s called the Limit Order Book. Only resting limit orders are visible. When the market is moving up or down you’re effectively watching market orders cross with resting limit orders.

Stop orders become market orders only after they’re triggered. They are not visible on the public order book prior to that.

 

[ondafringe]

The official note is that you can only see limits and not stops. I need to confirm that. My conspiracy theory side says that "they" ( not sue who they are exactly LOL...) know where the stops out.

Will make some calls to order routing vendors and find out.

So what did you find out??