The essence of trading is to kill your ego and understand the pain points of the top institutions (whales)! Don't trust your teacher; your teacher is also a retail investor.
Retail investors' pain points: No money.
While whales' pain points: Too much money, unable to buy in/sell out.
Assuming BlackRock or some top market maker wants to buy $1 billion worth of Bitcoin, they can never simply click 'market buy.' If they do that, the price would instantly surge by 10%, and their average cost would be absurdly high; this is called slippage.
Thus, the only solution for the whales: They need to find enough sell orders at this price level to meet their buying demand.
Where are there large, cost-irrelevant sell orders? The answer is only one: the 'stop-loss orders' and 'liquidation orders' of retail investors and highly leveraged traders.
So, go hunt your stop-losses, not because they hate you, but because they need your liquidity as fuel to complete their positions.
Understanding this, the world is completely different.
