Disliked{quote} It is a good point to realize that MMs are there not to take your money, but rather to make money for themselves. It's not personal to them, it's a business.
But I also still think it's full of manipulation.
And thank you for your input thus far, although I don't agree with everything fully, I do acknowledge many points you make. -qFishIgnored
Your points above are the first stepping stone to understanding how markets work. Yes, the mm's would gun the weak stops, and take them out. Why? Because 1, it's EASY, and 2, because we're a business to make money. So part of the process is that when you're looking to take a position, your first question is not at what level to enter, it should be where is the correct place for my stop to go, and is it going to have company or not. Then you think about the trade. Your illustration a few days ago about the possible washing of the short eurusd positions was exactly how you need to think about the market. This is also how you need to think about PVSRA. In sideways corrective markets, you should be able to make quite a good deal of money, as others have shown. Once markets begin to trend against you, then you also need to have the mindset of to how to keep averaging, spacing the orders, what are the worst possible price scenarios, etc and to keep averaging in a structured way.
Markets are full of manipulation, always have been, always will be...but if you accept that then it will make things a lot easier. Use the tracks of the MM's to unlock the opportunity.
-tah
