Seriously, ya can't make this shit up. It's like seeing bullshit within another bullshit. You might even ask me how I can be so precise in ALL my stops!!! LOL
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Seriously, ya can't make this shit up. It's like seeing bullshit within another bullshit. You might even ask me how I can be so precise in ALL my stops!!! LOL
Well, when using small stops (like me) this happens all the time.
But the other day (yesterday?) they were really out to get you
This shit DOESN'T happen when I don't post my stops here. Yes, I do get stopped out, but at the same time, it doesn't reverse exactly at my stop. But as you can see from the chart, and many of my previous posts, that's what happens: I get high-tciked and low-ticked.Well, when using small stops (like me) this happens all the time.
But the other day (yesterday?) they were really out to get you
Yeah, I know I sound like a loonie, but I think I've shown enough examples to prove my point. Surely, this can't be ALL coincidence. But whatever.
Who needs drugs and porn when you got this thread! It’s exciting watching you wild people slay the dragon!
We discussed this. At the very least STOP posting your stops, we'll believe the rest.
And you're not a loonie, LOL.
I was thinking about it and if I were trying to algo day trade with deep pockets, I would swamp the book, while looking at the highest density of stops on the books, go past it and then reverse. This would work as long as another entity were not gaming this method also, which in that case it would be spy vs spy type stuff.
This would be a good intern project.
Are your stops held at the IB or on the exchange? Big size, i.e. over 20 contracts?
No need to answer if you don't want to.
I keep all my orders hidden locally and then produce MKT orders. I have one stop loss, but it is so far out (50 points) and even it is hidden until the last 10 points.
It is my understanding that the orderbook only shows limit orders and stop orders are held on brokerage servers untill triggered at which point they become market orders, and aren't visible for other market participants until then.
What I find irritating, or rather surprising, is that ES is the tail. The head is supposed to be the cash index, which itself is the derivative of the 500 whatever stocks it tracks. So to say the market is out to gun my stops sounds damn ludicrous, no matter how you slice it and dice it. And yet that's exactly what's happening.
So my crazy theory on this (just a hunch) is that there are actually traders out there, big and small, who are actively fading my trades. Otherwise, it makes no friggin' sense. Anyways, yeah, I'll likely stop posting my trades going forward. That means those fuckers are on their own from now on. No more free handouts. Bwahaha!
But, man, I've been posting like a junkie since 2006 (2005?). Not sure I would be able to kick the habit.
Anyway, thanks to everyone for your support.