look, i am not saying that market makers etc. do not sometimes gun for stops based on their understanding of TA and where people would put their stops. Personally, in regards to intraday trading, i trade the dow, which is much more of a pure supply/demand proxy than any individual stock, and thus this is far less of a concern...
however...
the fact is that when the market is reassessing value, it HAS to move. there is absolutely no reason why you cannot profit from that any more or less than any other trader, whether big money or your piddly one contract.
any participant in the market with a decent datafeed can know how many shares were excahnged at any particular level, but they don't know where YOU bought it (note that this is the case with Stocks, that there can be a change in the # of net longs. whereas with futures,there cannot.). you are an anonymous #. play the market and it certainly SEEMS as if the market is gunning for you, and/or it KNOWS, but that is a classic example of the aforementioned anthropomorphization. you can sit there and yell at your screen, implore your stock to move, etc. but it DOES NOT CARE ABOUT YOU.
the vast majority of retail traders lose money (and by traders, i mean daytraders. most investors make money and do just fine, but they aren't gunning for big returns), so clearly it seems like the market is "against" them. clearly, that's a bunch of rubbish.
the (imo) easiest way to identify a non-professional/losing trader, is that he refuses to take responsibility for his losing trades, and blames somebody/thing else.
however...
the fact is that when the market is reassessing value, it HAS to move. there is absolutely no reason why you cannot profit from that any more or less than any other trader, whether big money or your piddly one contract.
any participant in the market with a decent datafeed can know how many shares were excahnged at any particular level, but they don't know where YOU bought it (note that this is the case with Stocks, that there can be a change in the # of net longs. whereas with futures,there cannot.). you are an anonymous #. play the market and it certainly SEEMS as if the market is gunning for you, and/or it KNOWS, but that is a classic example of the aforementioned anthropomorphization. you can sit there and yell at your screen, implore your stock to move, etc. but it DOES NOT CARE ABOUT YOU.
the vast majority of retail traders lose money (and by traders, i mean daytraders. most investors make money and do just fine, but they aren't gunning for big returns), so clearly it seems like the market is "against" them. clearly, that's a bunch of rubbish.
the (imo) easiest way to identify a non-professional/losing trader, is that he refuses to take responsibility for his losing trades, and blames somebody/thing else.
