Traders keep losing on price moves that touch their exit level and immediately reverse, and the reason is crowding, not bad luck.

• Most traders place their stop in the same obvious spot: just under the last major low if they are buying, just above the last major high if they are selling.
• That turns the area into a thick pile of orders sitting at one price, which is the easiest liquidity in the market to grab.
• Bigger players push price into that pile on purpose, because those orders are guaranteed to fill.
• It explains why price so often runs at an old high or low, takes out the crowd, then turns around.

Outlook: Stops placed at the crowd's favorite level will keep getting swept, so the fix is putting them somewhere less obvious.