Putting a stop loss right below an obvious support level is a losing habit for new traders, and it is bad news for anyone still doing it.

• Under every obvious price floor sits a pile of stop losses from retail traders.
• New traders learn support and resistance first, then park their stop a dollar below support.
• Larger players on the other side of those orders know exactly where the stops cluster and can push price through them.
• The result is the trader gets stopped out right before price bounces back.

Outlook: Traders who keep stops at the most obvious spots under support will keep getting hunted; placing them less predictably is the fix.