CHAT GPT Response
You’re describing classic *microstructure games*—how big players can shove price around in the short term to trigger other people’s orders, then trade the snap-back. I’ll translate the phrases and then show you how this hits retail stops and what to do about it.
What “take, hit; bid and offer” means (plain English)
• “Take” the offer = buy aggressively at the ask (you cross the spread).
• “Hit” the bid = sell aggressively at the bid.
• Repeating “take and hit, take and hit” means pushing price back and forth with market orders to make it look like momentum is starting or failing, and to flush out stops on both sides.
• “Bid and offer, bid and offer” (often said fast) = post quotes on both sides and nudge them around to steer the tape and the order book.
Some of this is just aggressive execution. But placing orders to fool others (e.g., spoofing—showing big orders you plan to cancel to fake pressure) is illegal. The line is intent.
The play they run (step-by-step)
1. Identify where retail stops sit.
2. Obvious swing highs/lows, round numbers (e.g., 100.00), yesterday’s high/low, premarket high/low. Many traders put stops just beyond those.
3. Nudge price into the stop pocket.
4. In thin moments (premarket, midday), it doesn’t take much to lift the offer a few ticks or hit the bid a few ticks. If they push price through an obvious level, clustered stop orders fire.
5. Stops become market orders.
6. When your protective stop is triggered, you’re forced to buy high (if you were short) or sell low (if you were long). That adds fuel in the direction of the shove.
7. They fade it.
8. Once the stops are flushed and the forced orders slow down, there’s no more “fuel.” The big player then trades the other way (the fade) and captures the reversal—often right where retail got forced out.
9. Repeat around the next obvious level.
10. “Take and hit, take and hit” = ping the book, trigger flows, then fade.
Why your tight stops keep getting tagged
• You’re stopping out where everyone else is. Obvious levels = stop clusters.
• Noise vs. structure. Your stop is inside the “noise zone,” not beyond the true boundary of the move.