Can a broker intentionally not fill your orders?

[Same Lazy Element]

when you say they have shown in the past they dont like scalpers or tixuc order flow where is or what is your proof of this?

LOL, it's evident from the very reason why these PFOF providers pay for the retail order flow. If you are a scalper, you are de facto making markets and are probably watching the tape very carefully. The market makers are trading with retail because it's uninformed flow and the market maker is unlikely to get negatively selected.

As a result, they don't like people who are actively trading within the same time frame or, for that matter, anyone who can get them negatively selected. The worst case scenario is the type of trader that actually figures something about their approach and can manipulate them into doing things (e.g. a guy that's faking icebergs or something like that).

PS. It's likely that the broker (whose main source of revenue is PFOF) is monitoring the clients and tried to intimidate them into submission. The market maker does not really have the resources to monitor and complain about specific trades, but they do bitch and moan when their negative selection rates go up

 

[TrailerParkTed]

It was via the phone. Called the trade desk this morning as my account was on a hold and they had some head manager give me a call and give me the run down. The market makers, IMO, threw around the accusation of spoofing, even though my orders that I’m placing in my 100k account are minuscule to the 500k-1mil+ share bid or ask I’m joining, to use as a guise to justify not allowing me to continue scalping since it competes with them. At the end of the day, I was treated like a card counter in a casino.

100,000 shares each side is only $500 commission. 1.50 million $15,000 a day, time to find a new broker like Etrade its fast enough with hot keys but platform is ok.

 

[bmoney]

since you have stated clearly that you are no longer doing this strategy why not post your actual time and sales so all of us can learn what not to do at trade station.

I am wondering at this point the validity of what you are saying because no way would trade station ever accuse anyone of spoofing or say that mm think you are spoofing. that is something they would never say.

At this point we dont have a SHRED of evidence from you as far as a single execution and maybe you have beef with tradestation?

I hope you are not slandering this company and their easy language platform.
I used them years ago for mild easy language programmed trades and enjoyed the company a lot. i doubt this is actually happening.

Also i am not even sure you can spoof in stocks since they have 40 plus venues all with different pricing unlike the futures mkts

I’ve slandered no one. I explicitly state that my conclusions I draw are solely my opinion and if I state they said something to me, it’s cause they did. Tradestation is an excellent broker, and my style of trading isn’t comparable to most other people, so the situation is niche to a small portion of the population. I want to keep using them, and I would if made sense for what I’m trying to do.

 

[snowman80]

update: turns out the market makers don’t like my scalping. Got a call from the compliance department at tradestation. They threatened to take me off the platform unless I stop cause the MM were complaining to them, and accused me of possibly spoofing cause of how I place orders to get filled quickly. Doesn’t sound like there is a way around it. Off to a new broker I go

if you move to a different broker and do what you’ve been doing in time you will run into similar problems

you have to fly under the radar

 

[bmoney]

if you move to a different broker and do what you’ve been doing in time you will run into similar problems

you have to fly under the radar

Do you have any recommendations on how to do that? My fear is that if I hold back, this situation will still happen. I don’t want to hold back and have this happen still if I could’ve been going full throttle the whole time to maximize my profits

 

[longshort]

I’ve slandered no one. I explicitly state that my conclusions I draw are solely my opinion and if I state they said something to me, it’s cause they did. Tradestation is an excellent broker, and my style of trading isn’t comparable to most other people, so the situation is niche to a small portion of the population. I want to keep using them, and I would if made sense for what I’m trying to do.

Is your trading style dependent on zero commission? At TradeStation, direct-routed equity orders are charged an additional $0.005 per share. To try this out, go to File > Preferences > TradeStation Order Entry > Equities and set the route to something other than intelligent. You could set it to the ECN that has the most volume for the particular stock you want to trade, for example. That way, the HFT internalizers (PFOF guys) can't complain anymore.

PS: If you change brokers, make sure you get full ECN passthrough. That means you're being charged/credited the actual costs/rebates of the ECN that executes your orders, as opposed to some flat fee that doesn't differentiate on execution venue.

 

[bmoney]

Is your trading style dependent on zero commission? At TradeStation, direct-routed equity orders are charged an additional $0.005 per share. To try this out, go to File > Preferences > TradeStation Order Entry > Equities and set the route to something other than intelligent. You could set it to the ECN that has the most volume for the particular stock you want to trade, for example. That way, the HFT internalizers (PFOF guys) can't complain anymore.

PS: If you change brokers, make sure you get full ECN passthrough. That means you're being charged/credited the actual costs/rebates of the ECN that executes your orders, as opposed to some flat fee that doesn't differentiate on execution venue.

Unfortunately it is, as I’m only profiting a penny per share in many cases. Thanks for the recommendation.

 

[tradeking007yahoo]

without any valid time and sales and actual account si doubt this is true. you cannot beat the HFT or tradestation etc. after seeing you carry on as you have about it i realize you arent really doing it.

good luck

 

[tradeking007yahoo]

you are saying that showing one trade with your 10,000 shares a buy and a sell is just too much for you to show.. lmfao.. um the risk is ridiculously high for you in this style of trading especially using retail platforms..

anyone reading this should truly question and think what is being said in this thread. at first i ws like.. hmmm i will check this out now i realize its all BULLSHIT

 

[bmoney]

you are saying that showing one trade with your 10,000 shares a buy and a sell is just too much for you to show.. lmfao.. um the risk is ridiculously high for you in this style of trading especially using retail platforms..

anyone reading this should truly question and think what is being said in this thread. at first i ws like.. hmmm i will check this out now i realize its all BULLSHIT

I don’t like posting personal info like that on a forum. If you don’t believe me, I have to be brutally honest in saying that I’m not really concerned. This post is to a large degree trying to find others who may be having a similar issue to mine in addition to gaining insight about what could be happening from others who may be more experienced than I.