Securing successful strategy from the broker stealing it
- Thread starter yoyotrader
- Start date
Here’s my suggestion to avoid a broker stealing your strategy. My friend did this as he grew he account from 2,000 to 25mm over the course of three years.
When he started trading, he opened an account with a very prominent firm. After two months he had made 300k on his initial 2k and the CEO of the firm called him demanding to know his strategy. The CEO even sent a team of phds to his house to ask him questions about the strategy. After the meeting, where he told them to bugger off, he noticed that the broker tried to hack into his computer to steal is trading programs. Fortunately he has military encryption on his PC and they couldn’t get anything.
This is what he did after that:
He opened 5 brokerage accounts. He would the. open trades in one and close the trades in another. For good measure he added random trades to his strategy. He also would wire money between the accounts in a random fashion so the brokers couldn’t figure out if other accounts were making money.
Now he fields broker calls every day asking for his strategy but no one can figure it out.
He often sees vans outside his house Scarface style. He suspects they are trying to capture his WiFi signals. Little do they know he runs fake signals that pretend to go to the brokerage accounts just to garble that up.
When he started trading, he opened an account with a very prominent firm. After two months he had made 300k on his initial 2k and the CEO of the firm called him demanding to know his strategy. The CEO even sent a team of phds to his house to ask him questions about the strategy. After the meeting, where he told them to bugger off, he noticed that the broker tried to hack into his computer to steal is trading programs. Fortunately he has military encryption on his PC and they couldn’t get anything.
This is what he did after that:
He opened 5 brokerage accounts. He would the. open trades in one and close the trades in another. For good measure he added random trades to his strategy. He also would wire money between the accounts in a random fashion so the brokers couldn’t figure out if other accounts were making money.
Now he fields broker calls every day asking for his strategy but no one can figure it out.
He often sees vans outside his house Scarface style. He suspects they are trying to capture his WiFi signals. Little do they know he runs fake signals that pretend to go to the brokerage accounts just to garble that up.
Maybe phantasy world would be appropriate.
Do I get the Jonathan Swift award for best satire on Elitetrader?
No, I won that award.
I just saw a Scarface truck passing by...very slowly.
Did you steal that Wifi idea here:
https://www.businessinsider.com/rus...via-wifi-dutch-intelligence-says-2018-10?op=1
That's amateur hour really. My friend has actually set up an entire exchange in a faraday cage that he built in his mom's basement which has no connection to the outside world. He his trades exclusively on this exchange, bypassing brokers entirely, and reports that it has been 100% successful in thwarting brokers from stealing his strategies. I still worry that he's ignoring physical security, after all, his mom could always just walk in and steal it
That's amateur hour really. My friend has actually set up an entire exchange in a faraday cage that he built in his mom's basement which has no connection to the outside world. He his trades exclusively on this exchange, bypassing brokers entirely, and reports that it has been 100% successful in thwarting brokers from stealing his strategies. I still worry that he's ignoring physical security, after all, his mom could always just walk in and steal it
Well, if he had concocted an invisibility chemical, he could hide the cage from his mom.
Your story is not very credible.
In Schwager's book, and in The Big Short, Jami Mai's Schwab account started with $100K and grew to tens, hundreds of millions in a year (or two) and Mr. Charles Schwab never called and questioned his strategy.