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He got 3 wrong calls out of his 147 trades. 144 out of 144 short trades were winning and 3 out of 3 long trades were losing. I don't understand why he made those long trades, it seems like those were his main strategy because his main strategy is shorting. If we look at his only short...

I wasn't really referring to his return, but to the fact that he got almost 100% of his trades right.

I assume that if there are people that found the holy grail, they would be widely known with proven assets. I assume if those conditions are not met then they are just internet trolls

I found this strategy at collective2 https://collective2.com/details/138157145. It looks like the guy found the holy grail. He has an almost impeccable record. Or maybe he got very lucky. At the same time, it looks like he is using a type of reversal strategy plus he averages down, which...

Yes, definitely i am a crap trader. I don't even consider myself a trader :)

Now we are heading the right way, thank you. It explains why I did not get rebates. But does not explain why I paid fees. Probably there is an explanation for this also I was always wondering why some people don't hide their real order size even when they are huge. Now I have the answer.

Nasdaq

You are helping me out one more time, thanks

I think this might explain this rebate issue if it is true. With IBKR I rarely used iceberg orders, but with my new broker I am using them more often.

Good question, it was iceberg order. Can it affect rebates?

Well i am definitely not going to use Robinhood. I am just saying that retail traders are getting screwed no matter which vroker they choose. Trading is not a fully fair game for sure, unless you are a big institution.

If it's true then that is very sad. It means there's no real direct access brokers for retail traders. Now it feels that Robinhood isn't that bad after all.

Thanks for your input. I am not sure if I am willing to go that far. I will monitor rebates behavior for a few days, if this issue is going repeat itself i will try to dig deeper

No, there were no sharp moves, quite the opposite. For example with ALRN i had to wait for about 8 minutes before my buy order that sit on the bid price got filled. The trade log says it was accepted at the exchange right after i placed the order.

Before moving to my current broker i used to trade with IBKR. There everything was smooth, most cases i got good rebates. After i moved to my current broker i noticed that the rebates were not as good. With my new broker i noticed that i am getting alot less rebates even when i am deliberately...

Fees are costs and rebates are gains. As far as i know the main reason that they pay rebates is thst ECNs compete for liquidity. More liquidity attract traders, traders pay fees - ECNs happy. Profit

In general. If you provide liquidity i.e. your order does not match with any other reverse order immediately then you are supposed to get some rebates. But if it does immediately then you pay some fees. Fees usually higher than rebates

I didn't get the rebates when the order was filled

According to the trade logs the exchange is the same.

I don't know. But for now i choose not to reveal