proximitymines
Well-Known Member
Is it safe to say that they take it whichever direction yields them the most money?
Jack said:Also keep in mind that the market is likely not gaming your stop specifically.. and like doesn't care about your retail account.
Traders, however, are human.. and tend to bunch up orders around the same levels due to common pattern recognition, major round numbers, etc.. etc...
The above, plus the fact that the market prays on "normal" behavior and human nature, makes for the common paranoia that the market is out for your orders.
The better question would be: "If the market tends to run obvious levels to place stops on a frequent bases, can I profit from this? Or at least, can I refine my entry knowing this?"
http://people.stern.nyu.edu/lpederse/papers/predatory_trading.pdfproximitymines said:Is it safe to say that they take it whichever direction yields them the most money?