InvestorsHub Logo

Tlsmd

01/04/18 3:56 PM

#139855 RE: Jollymon1958 #139850

I have found Jollymon1958, that from my experience, yes "traders" have points at which they will enter and a point at which they will get out but they are MENTAL possitions on which they will take action rather than a Stop Order on the books of an MM. Case in point, today, on comparative light volume on the downside, orders went off only to have a fairly close turnaround. An astute Trader might not have been faked out with that type of action. The trader mi

Tlsmd

01/04/18 4:37 PM

#139856 RE: Jollymon1958 #139850

To complete my previous post JM 1958---An astute trader might have stepped in and bought more on the down draft. I personally do not use them because invariably they get taken out. Remember putting in a STOP ORDER on the books is like waving a Red Flag at the MM. But to each his own. I prefer Mental Stops. Good Luck to you JM1958. Tlsmd