hiding your trades

Discussion in 'Trading' started by PitchBlack, Jul 25, 2011.

  1. :eek: :eek: :eek:

    i wonder, does Buffet`s broker knows where he places his stops:D
     
    #31     Jul 25, 2011
  2. Stick with 2 or more large brokers. Most smaller brokers ie props are run by the scum of the planet.
     
    #32     Jul 25, 2011
  3. Do you know how to rob them?:D
     
    #33     Jul 25, 2011
  4. #34     Jul 25, 2011
  5. 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.
     
    #35     Jul 25, 2011
  6. 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.
     
    #36     Jul 25, 2011
  7. Buffett does not have stops. one stock he owned at price something like 80, went down to 2, then went up to 120.

     
    #37     Jul 25, 2011
  8. bone

    bone

    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.
     
    #38     Jul 25, 2011
  9. joneog

    joneog

    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.
     
    #39     Jul 25, 2011
  10. mxjones

    mxjones

    Dwight? Dwight Schrute?
     
    #40     Jul 25, 2011