Can broker move stocks against daytraders?

Discussion in 'Trading' started by Walter, Feb 19, 2016.

  1. K-Pia

    K-Pia

    If you don't want to be front runned just split your orders.
    There are algorithmes for that. You can even do it manually.
     
    #11     Feb 20, 2016
  2. Walter

    Walter

    I using different routers and increasing position by 100-300 shares. But is it makes sense if orders are internalized from broker side?
     
    #12     Feb 20, 2016
  3. K-Pia

    K-Pia

    Last edited: Feb 20, 2016
    #13     Feb 20, 2016
  4. Walter

    Walter

    so as far as my orders goes to broker inventories and he knows about my obligation to close position till the end of the day, does he can do something that will affect on my chances to make money?
     
    #14     Feb 20, 2016
  5. K-Pia

    K-Pia

    In My Humble Opinion: NO.
    And you can do the math yourself.
    To see if there is a problem somewhere.

    Let's say I am Long one contract at 10 (Best Ask) and close it later at 20 (Best Bid).
    The tick size is 1 point. The tick value is 1$. The total commission is 5$.

    The math : 20-10 = 10 * 1$ = 10$ - 5$ = 5$

    Know the last price, the fills, the costs, the tick size and tick value.
    If at the end of the month the statement differs with your maths.
    Then a scam is an option. First review your maths.
    Otherwise it's ok.
     
    Last edited: Feb 20, 2016
    #15     Feb 20, 2016
  6. K-Pia

    K-Pia

    What broker do you have ? Is it regulated ?
    Does it provides transparent fees ?
    For you to do the maths ?

    If so ... Then Ok.
     
    #16     Feb 20, 2016
  7. stepan7

    stepan7

    OP is trading stocks.
     
    #17     Feb 20, 2016
  8. zdreg

    zdreg

    i never said or implied stupid, i was suggesting inexperienced, your response say a lot about you but thanks anyway for reading my posts,
     
    #18     Feb 20, 2016
    K-Pia likes this.
  9. Walter

    Walter

    Commissions are low, 40 cents per 1000 shares. Standard propreports statement is fully opened. All fees are without extracharge and rebates are set according liquidity flags. But I suppose result may differs if I'll trade directly with 1:1 leverage and overnight possibility. Am I thinking in a right way?
     
    #19     Feb 20, 2016
  10. Sig

    Sig

    Don't flatter yourself. You seriously think a multi-billion dollar market cap broker is going to manipulate the market for your piddly few hundred shares? If so, I'd humbly suggest the markets aren't a place for you.
     
    #20     Feb 20, 2016
    zdreg likes this.