Hiding performance from the broker/exchange

  • Thread starter Thread starter Peblo
  • Start date Start date
Any other ideas you suggest?

naked-gun-condom-1.jpg
 
I want to hide my performance from my broker/exchange to prevent them front-running my orders. I was thinking of executing my trades in an account with one broker on one day, then with the other broker next day, etc.
Would it be better to alternate the accounts weekly?

Or do you think I am paranoid and even if I shouted out my orders in public this would not affect my strategy?

Any other ideas you suggest?


Right now everyone has the same problem since the market is simply going up every day.
I suspect that your broker gets confused trying to figure out which clients to front-run. They may just need to front-run everybody.
 
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Or do you think I am PARANOID and even if I shouted out my orders in public this would not affect my strategy?

PARANOID AND DELUSIONAL
(Self-grandeur and trading create toxic combination)
 
Or do you think I am paranoid and even if I shouted out my orders in public this would not affect my strategy?

...

You do shout out your orders... Every time you place them, unless you are able to do some of that weird "dark pool" stuff I've heard about.

But unless you are pushing millions of shares per hour? I'd say, don't worry about it.

Yer, yer paranoid.
 
On second thought, I guess the most practical solution is to switch brokers, opening corporate accounts in different names every 12 months or so. Before anyone notices and the word spreads around you close the shop and move elsewhere. You can grow like that forever.

Most traders change brokers (those they use for day trading) every few years. In fact, some have more than one broker...one primary and one backup or some old account they rarely use.

Simply, you having multiple brokers just because you're paranoid still has the same result...most traders have more than one broker.

...

Or do you think I am paranoid and even if I shouted out my orders in public this would not affect my strategy?

Any other ideas you suggest?

Depends on the strategy, whom/when you're shouting it out too and what you're trading.

wrbtrader
 
On second thought, I guess the most practical solution is to switch brokers, opening corporate accounts in different names every 12 months or so. Before anyone notices and the word spreads around you close the shop and move elsewhere. You can grow like that forever.

I would totally do this. And make sure you are doing it from a different country every time. Outsource some foreign secretaries too so when they call you you can totally sound legit. Get them to practice nasal tones, something guttural and throaty for good measure. You will also need lots of email addresses. Don’t forget to FBAR all those foreign accounts or the IRS will fine you big time.

Seriously, nobody making under $100M per year has any reason to worry about this. If you want to know a trade it’s way easier and more effective to talk to traders at other firms than to parse trade statements. I’ve had my FCM accidentally send me someone else’s trade statements several times. And once they sent everyone’s statements to everybody. Nobody really cares. You can reconstruct a position but not a trade.
 
I want to hide my performance from my broker/exchange to prevent them front-running my orders. I was thinking of executing my trades in an account with one broker on one day, then with the other broker next day, etc.
Would it be better to alternate the accounts weekly?

Or do you think I am paranoid and even if I shouted out my orders in public this would not affect my strategy?

Any other ideas you suggest?


I’m with you on this one. I have such a hard time losing that I place losing trades on purpose to hide how truly great I am. Problem solved. :sneaky:
 
When I first started trading the feeling was brokers took the opposite side of every retail trader thinking that most retail traders lose.
 
On second thought, I guess the most practical solution is to switch brokers, opening corporate accounts in different names every 12 months or so. Before anyone notices and the word spreads around you close the shop and move elsewhere. You can grow like that forever.
You must be printing money, otherwise why would your brokerage bother to monitor your trades?
 
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