Securing successful strategy from the broker stealing it

[SunTrader]

Trading is about accepting and limiting risk to the lowest level possible...

No it isn't. But have fun in your pretend traderworld.

 

[virtusa]

Until then, please refrain from calling me a liar. Seems like a reasonable request, don't you think? Best of luck to you then.

You forgot already that you called my a liar?
I don't live in the US.

 

[Sig]

You forgot already that you called my a liar?
I don't live in the US.

I claimed I run a business and invited you to join me for coffee at that business to discuss it.

You claimed that you personally witnessed a broker stealing a customer's trading strategy.

One of us made a claim that is not only easy to verify but that the other was invited to verify. The other made a paranoid bullshit claim that they not only didn't offer to verify but can't verify.

Which one is which I wonder, and are you capable to telling the difference?

 

[henry76]

Let's say there's a .1% chance of it happening. And let's say that if it happened it would cost you $1M. The expected value of that is $1,000 ($1,000,000*.001). What is the cost of just setting up 2 brokerage accounts, programming for 2 brokerage accounts and tracking 2 brokerage accounts and doing the accounting for 2 accounts? If you value your time at just $200/hr then if you spend more than 5 hours on that in total you're wasting your time right? And that's before we add in the probability times cost that the extra complexity of 2 accounts causes you to make an error or take an extra few seconds and miss an opportunity, either of those will chew through your $1,000 pretty fast as I'm sure we've all experienced.

BTW, .1% chance is pretty high. That would mean that on average this happens with 1 out of every 1000 customers of a brokerage. Or in other words, Schwab has 12M customers so this is happening to 12,000 of them? Seems unrealistically high to me, if you extrapolated to the entire industry it would mean this was happening to literally millions of customers. If you used a more realistic number, like .0001% (leading to 12 customers experiencing this as Schwab) then the expected value of your loss, going to the first example, is a whopping $.10.

The chances of a broker stealing your strategy are , I agree whole heartedly are 0.1%, but for extremely successful traders it will be much higher , while there is huge motive , information will tend to leek, the accounts of trading legends being of interest and even of a certain amount of office gossip , one can never know the percentage probability , but I bet it's a lot higher than 0.1% ( for extremely successful traders ), though I'm sure your safe Sig.

 

[SunTrader]

Much higher than 0.1%. double huh 0.2%

 

[Sig]

The chances of a broker stealing your strategy are , I agree whole heartedly are 0.1%, but for extremely successful traders it will be much higher , while there is huge motive , information will tend to leek, the accounts of trading legends being of interest and even of a certain amount of office gossip , one can never know the percentage probability , but I bet it's a lot higher than 0.1% ( for extremely successful traders ), though I'm sure your safe Sig.

Good to hear I'm safe with you and @virtusa then

 

[henry76]

Good to hear I'm safe with you and @virtusa then

lame

 

[Sig]

lame

What an insightful and useful comment. We're lucky to have someone like you here on the forum adding value like that, you should be proud of your contributions.

 

[OptimSignals]

How can we do that so we can secure that ?

 

[henry76]

What an insightful and useful comment. We're lucky to have someone like you here on the forum adding value like that, you should be proud of your contributions.

Your still lame.