hiding your trades

[SnakeEYE]

Quote from MPike:

I don't trust prime brokerage account because I don't trust when there is direct sharing of information between brokers.

Here is what I do.

I have 1 IB account and 2 Mirus accounts. I don't use in house charts for analysis only third party services. I trade from all 3 accounts at the same time.

My trades are seemingly random because of stop orders which sit on my excel program, my brokers do not know my stops, this enables me to do the following

When I trade with IB, I enter random trade with Mirus with minuscule loss and I let profit run, the next day I switch account and IB becomes bogus trade.

This however is not enough, you can't operate like a clock, you need to switch back and forth also randomly and you need to send bogus orders which you cancel in a minute of two

trading is boring anyway so there is time for this

The best strategy is to hedge with other account except transferring money every week to equalize is a bitch

If you do hedge with other account and switch back and forth, do not transfer funds one broker directly to another

after time they WILL gang up on you and collaborate, transfer to your bank and then to another broker

Only the paranoid survive in cut throat business

:eek: :eek: :eek:

i wonder, does Buffet`s broker knows where he places his stops

 

[Lights]

Stick with 2 or more large brokers. Most smaller brokers ie props are run by the scum of the planet.

 

[SnakeEYE]

Quote from Lights:

Most smaller brokers ie props are run by the scum of the planet.

Do you know how to rob them?

 

[ChkitOut]

Most if not all broker dealer employees have to pre clear every trade they make with compliance.

They make active trading for employees next to impossible.

for example:

http://www.investmentnews.com/article/20100423/FREE/100429937

 

[1a2b3cppp]

I've often wondered if brokerages do this.

I've heard the stories about brokerages trading against their clients, and I think someone once posted a story about a futuers broker who woudl flag accounts that had fallen 90% and they brokerage would take the opposite position of trades in those accounts since they were statistically likely to blow their accounts soon.

 

[tomahawk]

Quote from trend2009:

the broker guy may not be able to trade his own account when he is working, but it still could be done. for small brokerage house, there are much leeway. for IB, maybe the firm monitors employee online activity, but even that, he can send orders from his iphone.

the broker usually has access to all clients account, otherwise, the broker is blocked to serve some clients. since he can have access to client account, he can search the database too especially for small broker house.

if you chat with IB, you can know that the person who helps you knows every trade record of your account, even the order not filled.

then you get idea...

I wouldn't worry too much about the IB c.s. rep copying your trades in his piker account over his iphone. The only issue at all here is somebody with the ability to frontrun knowing your strategies before you even enter your orders and doing so with size ... or size gunning for your stops, which will kill you anyway if you place them poorly and leave them sitting on the book.

 

[trend2009]

Buffett does not have stops. one stock he owned at price something like 80, went down to 2, then went up to 120.

Quote from SnakeEYE:

:eek: :eek: :eek:

i wonder, does Buffet`s broker knows where he places his stops

 

[bone]

Quote from JamesL:

yes, you need a prime brokerage account

That would actually be the last thing he'd want - every prime brokerage whom I am aware of has a prop trading desk... although most IBs are supposed to be segregating those desks out of the firms entirely.

And yes, your futures orders do get routed through a credit check as they wind their way through the order server.

Suggestion: why don't you take your profit with the Dec contract to make it appear like a calendar spread ? You could then offset the legs with the exchange-supported spread.

 

[joneog]

Quote from tomahawk:

... or size gunning for your stops, which will kill you anyway if you place them poorly and leave them sitting on the book.

This gunning for your stops thing is a bunch of BS imo. Think of how many contracts someone would have to trade to push the market into a stop. Now think how big the size of that stop probably is. Why would anyone trade 100s or 1000s of lots to trigger a 1,2,3 etc lot stop? Is there anyone out there who posts a 1000-lot hard stop? Doubtful.

Stops get run simply because they accumulate in specific, obvious areas and markets punish the obvious.

 

[mxjones]

Quote from MPike:

I don't trust prime brokerage account because I don't trust when there is direct sharing of information between brokers.

Here is what I do.

I have 1 IB account and 2 Mirus accounts. I don't use in house charts for analysis only third party services. I trade from all 3 accounts at the same time.

My trades are seemingly random because of stop orders which sit on my excel program, my brokers do not know my stops, this enables me to do the following

When I trade with IB, I enter random trade with Mirus with minuscule loss and I let profit run, the next day I switch account and IB becomes bogus trade.

This however is not enough, you can't operate like a clock, you need to switch back and forth also randomly and you need to send bogus orders which you cancel in a minute of two

trading is boring anyway so there is time for this

The best strategy is to hedge with other account except transferring money every week to equalize is a bitch

If you do hedge with other account and switch back and forth, do not transfer funds one broker directly to another

after time they WILL gang up on you and collaborate, transfer to your bank and then to another broker

Only the paranoid survive in cut throat business

Dwight? Dwight Schrute?