No trade too small (6 BTC) for 'them' to come after.

[MatTheCat]

Fucking rat cocksuckers.

6 fucking BTC trade with Stop Order @ $407.11.....triggered at $407.30. This will be the top of the trend for now.

Proof that no trade amount is too small for these fucking bucket shops to empty into their koffers and also perhaps that vast majority of the exchange volume, is actually the exchanges themselves simply padding up their order books to give the trader a sense of confidence.

[1715272593]

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[1715272593]

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[criptix]

where did you trade?

[oblomov]

Do you think that BTC exchanges are the only place where stops are run?

One of the algorithmic systems I run hunts for stops to gauge market depth.

This is a typical feature of market making and trend following systems.

To avoid getting your stops run, have the order be entered contingent on a volume-backed breakout, then put your bid under the front bid with an appropriate (90% chance of execution) volatility buffer.

If this seems like a lot of work to avoid getting stops run, well, it is.

[MatTheCat]

where did you trade?

On this occasion.

Bitfinex.

My Stop made the Top of the Market.

6 BTC.

6 FKN BTC!!!!!

And they came after it....

Makes you think how much that volume is even real, and how much is just utter fkn bullshit.

[kryptopojken]

You must be extremely paranoid if you think they would stop run you for 6 btc lol...when other ppl are trading with several hundred/thousand coins

[BitHodler]

Do you really think the big guys care about your measy BTC6? Now go sleep.

[Cconvert2G36]

Never change MatTheCat. 

Time to update your signature?

[MatTheCat]

You must be extremely paranoid if you think they would stop run you for 6 btc lol...when other ppl are trading with several hundred/thousand coins

Yes....6 BTC.

Even 6 BTC is reward enough for these fuckers to move market and trigger a Stop.

This is exactly what I am getting at. My Stop Order was the top of the market. Had my Stop not been set to $307.11, then Finex would never have gotten up to that point. The Bucket Shop Running Rat Bastards would have had no motivation to play pass the parcel with the 'in house' padding volume to go up that high.

I suspect that these exchanges operate with far less real volume than you may think. 400 BTC of volume had to be burned to get to my Stop Order. Most of the volume is the exchanges themselves, and if they see a bunch of Stops sitting just a little higher up than the market wants to go, its no problem at all for them to run her up, trigger em, and empty the Fiat into thier own accounts 'fair n square'

Who would be stupid enough to do go buying all that BTC, right where it was bought, at the very top of an extremely weak move up (which is why I shorted it)? Nobody would! Buying was the exchanges themselves, ploughing through mostly their own volume, cos their bots calculated that the cost of buying into any real orders were less than the profits to be had by wiping out the Short Stops. Remember, they are not just stealing $30 from me, they are preventing me from taking $150 from them as well, when my target is invariably hit down below.

I would bet that 400 BTC of volume was burned through, just to stop out a handful of traders probs betting less than 30-40 BTC in total.

[oblomov]

Alternative to accusing BFX of running your stop:  Learn not to short a market that is quietly drifting upward.

In observing the market action since Friday, it's evident that there is a bid under the market.

[coinsplz777]

who needs leverage when there is cryptos!

seriously, aren't cryptocurrencies volatile enough to satisfy the most degenerate of gamblers?

[MatTheCat]

Alternative to accusing BFX of running your stop:  Learn not to short a market that is quietly drifting upward.

In observing the market action since Friday, it's evident that there is a bid under the market.

Quietly drifting upwards?

You mean clambering up the cliff, gasping for air and Stop Orders before it gets dumped back down?

[Wexlike]

If it bothers you so much, why don't you just trade without stoporder ?

[oblomov]

Alternative to accusing BFX of running your stop:  Learn not to short a market that is quietly drifting upward.

In observing the market action since Friday, it's evident that there is a bid under the market.

Quietly drifting upwards?

You mean clambering up the cliff, gasping for air and Stop Orders before it gets dumped back down?

If you understand the market dynamics so well, why did you short at 404.50 and cover at 407 instead of the other way round?
In your sig you refer to BFX as "stealing", yet you keep trading with them?

[MatTheCat]

If it bothers you so much, why don't you just trade without stoporder ?

You know what.....back when I first noticed that Finex had a very nasty habit of Running Stops, I done just that.....


.....I traded short without Stops....and one day, on a trade where my target never quite hit and the market came back against my position, violently, I sat stubbornly in my position, waiting on market to come back to my break even level, I ended up leaving that trade minus $3500. Had I not left it when I did, I would have got margin called quite literally, with the very last dollar of upside before the market retraced, right back down to my Short trade entry point.

Most of my losing trades, that I lose in cos my Stop gets triggered, turn into winners a day or so later........but I can never again, take the risk of trading without Stops.

and that is all BTC is at the moment btw...whales pushing spot price around, triggering traders Stop Orders, and trying to get them to pile in and out of BTC at bad entry points in the market.

If you understand the market dynamics so well, why did you short at 404.50 and cover at 407 instead of the other way round?
In your sig you refer to BFX as "stealing", yet you keep trading with them?

I find that I am good at predicting the general market direction, but fucking awful at entering and exiting trades.

I may well have opted to Short at 407 instead of 404.50, but then my Stop Order wouldn't have been set at $407.11, and the Finex bots would have had no reason to take the market up there and my trade would not have been triggered....which I suppose is better than having these cunts practically dip into my account and steal from me.

[tex99]

I thought you had started trading on one of the Chinese exchnges. They are dodgy, but bitfinex is worse. I found it so flaky I stopped using it ages ago. They lost track of who owned what six months ago, and I think it was due to their database getting corrupted. I had coins appearing in my account that shouldn't have been there, then disappearing again.

[Wexlike]

If it bothers you so much, why don't you just trade without stoporder ?

You know what.....back when I first noticed that Finex had a very nasty habit of Running Stops, I done just that.....


.....I traded short without Stops....and one day, on a trade where my target never quite hit and the market came back against my position, violently, I sat stubbornly in my position, waiting on market to come back to my break even level, I ended up leaving that trade minus $3500. Had I not left it when I did, I would have got margin called quite literally, with the very last dollar of upside before the market retraced, right back down to my Short trade entry point.

Most of my losing trades, that I lose in cos my Stop gets triggered, turn into winners a day or so later........but I can never again, take the risk of trading without Stops.

and that is all BTC is at the moment btw...whales pushing spot price around, triggering traders Stop Orders, and trying to get them to pile in and out of BTC at bad entry points in the market.

If you understand the market dynamics so well, why did you short at 404.50 and cover at 407 instead of the other way round?
In your sig you refer to BFX as "stealing", yet you keep trading with them?

I find that I am good at predicting the general market direction, but fucking awful at entering and exiting trades.

I may well have opted to Short at 407 instead of 404.50, but then my Stop Order wouldn't have been set at $407.11, and the Finex bots would have had no reason to take the market up there and my trade would not have been triggered....which I suppose is better than having these cunts practically dip into my account and steal from me.

Then you have to trade without stoploss and without margin, so you can wait until the market turns and scalp here and there some profit. That's atleast how I am doing it. (Which was pretty successful for me in the last 5 months)

Edit: And yes, your calls were really good recently. You just ended always somehow on the wrong side of the market in an uncomfortable position. (because of stoploss triggered etc )

[MatTheCat]

Then you have to trade without stoploss and without margin, so you can wait until the market turns and scalp here and there some profit. That's atleast how I am doing it. (Which was pretty successful for me in the last 5 months)

Can't trade Short without margin......


I just think I seriously lack the midas touch. I see my trade is well on its way to coming good.....felt the instinct to hit it again...depsite Finex just mugging me a few hours ago....

...but I resisted....and low n behold.....I shoulda just went with it, as fucking usual.


Instinctively take the trades when shouldn't, sit out the ones that I should......like their is a demon in my head desperately seeking failure.

[oblomov]

Instinctively take the trades when shouldn't, sit out the ones that I should......like their is a demon in my head desperately seeking failure.

It's OK to kick yourself for a few minutes, but not longer than that.

Being right consistently on market direction can make one feel overconfident.

In short term trading, execution accounts for a large portion of total returns.

Overconfidence can encourage one to take trades where the setup isn't right.  The direction & market dynamics may be correctly assessed, but the setup isn't right.

As a friend of mine, one of the greatest, most well-known traders of the past 50 years told me, the hardest part of trading is knowing when to sit on your hands.

[Ya-ing]

Seems like almost everything is possible in BTC world 

[RyNinDaCleM]

Something I would look into is how far, on average, the market is pushed beyond typical S/L levels. If it's say 1.5%, then start setting stops at 2%. It still gets you out, but not on hunted levels and not nearly as often (or easily and cheaply). If the price is destined to move against your position, it will still get hit even outside of the logical S/L band. 2% is easy to make up.

When you first posted this thread, I was going to make the comment that your stops are too tight for Bitcoin. FOREX is a different story when liquidity is so massive. Bitcoin is just too shallow to run excessively tight stops. I almost never use stops. I manage risk by position size and if I end up too heavy one way, I babysit. If you can't babysit, then go a little lighter. I learned a long time ago that stops are terribad in Bitcoin (Set it for 400 and it executes at 406...) so eff'em. Mental stops FTW!