Experience 22
"Triggering the stop loss order of the Intraday traders is the Main Goal of the Market makers"
I dont know, how many traders are feeling like this.
But Every newbie will feel this. I know.
What Newbies feel?
"Sir, If i buy crude oil, Immediately it comes down
Sir, If i sell crude oil, Immediately it goes up
Sir, Is anyone watching my order? and my trade?
Sir, I have some doubt on the exchange and my brokers. They disclose about my order."
This is really a wrong assumption. anyone cannot see your order. but market makers can predict your stop loss level. so they can try to trigger the stop loss level.
For Example.
Crude is trading at day high. Day high is 6380. So i think that, it will not touch 6400. So i sell the crude at current price 6380 by placing stop loss at 6400 with target of 20 points.
Newbies feel that it will not touch 6400. But market makers feel that there will be more stop loss order of the sellers at 6400. So again they move the market to 6400 and triggers the seller's stop loss and again crude comes down.
Most of the times, It happens for every trader. Stop loss should not be to the particular amount. rather, This should be to the particular unbeatable point.
Near every round numbers, there will be more stop loss orders. So think before deciding your stop loss level.
For example:-
Crude bought at 6380. stop loss 6350. target 6400. ( But I feel Stop loss 6344, target 6396)
Crude sold at 6380, stop loss 6400, target 6350. ( But I feel stop loss 6406, target 6354)
Can anyone understand how i fix my stop loss and target?
If anyone has the doubt, ask me i will clarify in this thread.
otherwise, i decide that you understand my concept
"Triggering the stop loss order of the Intraday traders is the Main Goal of the Market makers"
I dont know, how many traders are feeling like this.
But Every newbie will feel this. I know.
What Newbies feel?
"Sir, If i buy crude oil, Immediately it comes down
Sir, If i sell crude oil, Immediately it goes up
Sir, Is anyone watching my order? and my trade?
Sir, I have some doubt on the exchange and my brokers. They disclose about my order."
This is really a wrong assumption. anyone cannot see your order. but market makers can predict your stop loss level. so they can try to trigger the stop loss level.
For Example.
Crude is trading at day high. Day high is 6380. So i think that, it will not touch 6400. So i sell the crude at current price 6380 by placing stop loss at 6400 with target of 20 points.
Newbies feel that it will not touch 6400. But market makers feel that there will be more stop loss order of the sellers at 6400. So again they move the market to 6400 and triggers the seller's stop loss and again crude comes down.
Most of the times, It happens for every trader. Stop loss should not be to the particular amount. rather, This should be to the particular unbeatable point.
Near every round numbers, there will be more stop loss orders. So think before deciding your stop loss level.
For example:-
Crude bought at 6380. stop loss 6350. target 6400. ( But I feel Stop loss 6344, target 6396)
Crude sold at 6380, stop loss 6400, target 6350. ( But I feel stop loss 6406, target 6354)
Can anyone understand how i fix my stop loss and target?
If anyone has the doubt, ask me i will clarify in this thread.
otherwise, i decide that you understand my concept