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/biz/ - Business & Finance

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11272861 No.11272861 [Reply] [Original]

I swear to god fucking Binance is running some algos to continuously see where our stop losses are and dumping down to hit the liquidity and pump it.

Got stopped out on ETH then it starts going up. Fuck this bullshit ass rigged market. Lost money when I would later be in the green.

What the fuck am I doing wrong? Send halp pls

>> No.11272905

pee pee poo poo

>> No.11272911
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11272911

>trusting binance

>> No.11272912

>>11272861
>trading more than once per day/ trading on margin
The only thing youre doing is feeding the exchanges

>> No.11272977

>>11272861
>running algos to continuously see where our stop losses are and dumping down to hit the liquidity and pump it

Anon you are 100% exactly right. This is exactly what happens and exactly what they do. You describe dot perfectly.

In fact, it's more prevalent in the boomer stock market than in crypto. You and i have access to Level 1 and Level 2 data, the market makers have access to something called Level 3, where they can see people's orders and stops, and they do precisely what you said they do. They know people use TA patterns so they trade against those. Market makers are assholes.

>> No.11273967

Post the chart you were looking at and point out where you entered and where your stop was.

>> No.11273990
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11273990

>>11272977
>>11272977
>tfw mm

Now delete this.

>> No.11273993

>>11272977
>>11273990
Eat shit MM or tell us where you get the bots that see everyone's fucking orders on CB

>> No.11274013

it's called stop-hunting you moron

>> No.11274025

get 3 commas bot, it changes your stop loss as the coin rises

>> No.11274524

yeah u think?

how about every exchange in every market, except for eth oncahin one where you cant fake it

>> No.11274592

>>11272861
Welcome to forex markets... there is a reason why they come with a warning 90% will fail.

>> No.11275308

Binance isn't selling you an exchange service.
It's selling you to whales. It's a plankton factory.