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That mental stop is sending me a signal that the trade is not working and that I should be getting out. So why not a hard stop? Because the MM can see my hard stop. Drop the price quickly and steal my shares then bring the stock back up higher. Yes they do this.

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Trader Brian Jones

@MasterBJones

Sep 8, 2021

If it's a small float stock/light volume. I usually don't keep a hard stop. Unfortunately that's a risk I have to take. Need to have confidence in the trade and watch it closely with a mental stop. When my mental stop gets hit in this situation. That price is sending me a signal. twitter.com/MasterBJones/s…

3:49 AM · Sep 8, 2021Twitter Web App

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Stop hunting investopedia.com/terms/s/stophu

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I’ve had some stops getting taken out where I was sitting there watching the chart like WTF? How TF did they just drop it down that hard for 1/10 of a millisecond to scoop up my shares and then pop it the whole way back up to an even higher price. 🤦‍♂️

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Even though there are many momentum indicators that can be used, when I see that stop hunt candle (crazy long bottom wick out of nowhere) happen, I’m staying long. More times than not, the price goes up after that candle.