Quote:
Originally Posted by Adal But this is not because retail traders have a magical ability to trade in the wrong direction. Most of them trade randomly (that's why they are called noise traders in micro-structure books). What makes them losers is the fact that the part which traded in the right direction are quick to take the profits, but the other part waits for a retrace, hoping to avoid the loss. Thus winners exit quickly, while losers remain behind. Thus most of the time there are more losers than winners with active positions, but it's not the same losers and winners.... |
To find where they concentrate their positions one should just be able to look at Oanda's books since retail traders positions seem to correlate between brokers.
But the stops issue is different I would think because do retail traders have similar uncle points? From the data on community outlook it seems that there are drawdowns of 300+ pips so is that information really actionable?