I'm trying to get a hold of enough data here which backs of the point that the market knows whos in a trade, and they'll do anything for you to lose money. Thats my experience, I trade on a 1 hour time frame. It seems when I place a trade it always goes the opposite direction. I get out of the trade, then it ends up going to intended direction. I feel lot of people know what i'm talking about. Only the big guys can benefit from trading, the ones who have the cash to move the market.
The following user says Thank You to ctmvas for this post:
Yeah, the big guys monitor every trade I make.....they hold price until I get in and then Whamo...they get me.
Joking aside and without writing abook about it what it comes down to is buying or selling in key areas...high probability spots that will hold the area that you initiate a trade from and using an appropriate stop....not to tight.
Base your stop on what your seeing as average drawdown for the instrument your trading maybe...there's a million ways to determine stop placements but I'm not getting in to that.
Price coming back at you happens to everyone, what saves you and makes you profit is being in a spot that will hold and propel price to move in your direction....
So what it comes down to is figuring out those spots....that's the whole deal more or less
The following 2 users say Thank You to kbit for this post:
“I ran out of gas. I had a flat tire. I didn’t have enough money for cab fare. My tux didn’t come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake! A terrible flood! Locusts! It wasn’t my fault, I swear to god!” Jake Blues
Yeah, trading is dificult, but no one gives a shit if you live or die, nevertheless, trade futures. So lose the conspiracy theory, and learn to trade.
The following 3 users say Thank You to tigertrader for this post: