Can Opponents "SEE" your stop.. emini NDx100

dajuicer · Apr 25, 2008

Quote from olias:

It feels like that sometimes. But as others have pointed out, if it's true, then the whole market has to alter course just to get little old you (no matter what size you're trading it's relatively small).

You're experiencing a fairly commen phenomenon. A lot of traders start to think the market can see their orders and is out to get them. I'd liken it to they way thirsy men in the desert commonly see a mirage. Others may see it too, but it's an illusion based on your perspective.

Everyone can see your stop on your 1 car. That's what it means when everyone on here tells you to "Study price action". Congrats, you're on your way to becoming an outstanding, somewhat paranoid,trader.

Now don't forget to order you special "3D Stop Loss Viewing Goggles" and "Members Only Jacket"

AlmostGotIt · Apr 25, 2008

Quote from SH_DW:

My broker, Tradestation Securties says that the stop is left only with the broker.. is this realistic??

Mh

I am not an expert on this, but I am always trying to learn and educate myself, this is coincidentally what I am currently studying... so far Iâve been able to gather than it can depend on a combination of broker, exchange, and order type... different order types can either be native to an exchange or simulated... native orders are stored at the exchange, and then when native orders arenât supported, your broker should be able to simulate the order, and it can be simulated either client-side on your software, or server-side on the brokerageâs end... im still not 100% sure about all this though.

SH_DW · Apr 25, 2008

Thanks. Your comments are appreciated..

Mh

olias · Apr 25, 2008

Quote from dajuicer:

Everyone can see your stop on your 1 car. That's what it means when everyone on here tells you to "Study price action". Congrats, you're on your way to becoming an outstanding, somewhat paranoid,trader.

Now don't forget to order you special "3D Stop Loss Viewing Goggles" and "Members Only Jacket"

'Somebody's Watching Me' by Rockwell is my favorite tune to trade to

SH_DW · Apr 25, 2008

GREAT song!

PohPoh · Apr 25, 2008

HAHAHA..

I have a pair of "3D Stop Loss Viewing Goggles" for sale on ebay...

They will cost you $5,000 or 250 mini-NQ points...

I can take payment in dollars or points, whichever you prefer..

Coolio · Apr 25, 2008

On a more serious note, the chief technical analyst (a CBOT veteran of 17 years) at my brokerage mentioned that the market makers and pros do perform "shakeouts." They know that the amateurs tend to place their stops at exact dollar amounts or right on fibonacci numbers to the cent.

He suggested placing your stops at oddball prices like $44.89 for example if you really want a stop at $45.00.

MandelbrotSet · Apr 25, 2008

Quote from SH_DW:

Lately when I place trades.. I have noticed a market moving -favorably in my direction BEFORE my stop is placed in the emini Nasdaq. After I place my stop, almost immediately, prices reverse to where I placed the stop. Sometimes they go further.. I feel justified! Other times, more often than not, prices reverse on me AGAIN, after I am out of position, continuing in the direction I was originally. When this happens several consecutive times I step aside.. often missing a BIG move.

Can my opponents "SEE" my stop when trading Globex e minis.. or is this only my imagination?

Thanks.

Mh

No, no one can see your stops, and nor do they care even if they could.

You just can't trade.

MajorUrsa · Apr 25, 2008

Quote from stock_trad3r:

LOL spoken like a true noob

Blaming others for their own mistakes

You, OTOH, never use stops. You even fail to close your position even when it is obviously completely wrong. So now you are still down 1000+ YM points since your predictions that it could only go up. Which is US$5000 per contract (since you only trade on paper you might not know that).
OP is trying to become a non-noob, you aren't even trying.

Ursa..

PohPoh · Apr 25, 2008

Quote from MajorUrsa:

You, OTOH, never use stops. You even fail to close your position even when it is obviously completely wrong. So now you are still down 1000+ YM points since your predictions that it could only go up. Which is US$5000 per contract (since you only trade on paper you might not know that).
OP is trying to become a non-noob, you aren't even trying.

Ursa..

Bwahahhaahhaa..