hiding your trades

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

  1. emg

    emg

    More than 90% of small traders lose. They just lose!!
     
    #61     Jul 26, 2011
  2. JamesL

    JamesL

    OP asked a specific question: can I open a trade with one broker and close it with another? The only way I am aware of that you can do this is through prime. At the end of the day, the accounts have to reconcile. For instance, can he open trades in IB and close it with Mirus. At the end of the week, he's got all these trades open in BOTH accounts, unless he has prime.

    Now, not saying it is the best route to hide his trades, as prime also costs more than straight-up trading with the broker. It's just the only way to answer his question.
     
    #62     Jul 26, 2011
  3. I used to route all buy orders to one broker and all sell orders to the other broker.
     
    #63     Jul 26, 2011
  4. if OP does not trust the broker, why should he trust the prime?

     
    #64     Jul 26, 2011
  5. I remember that Paul Rotter aka the flipper also uses different brokers ..
     
    #65     Jul 26, 2011
  6. When is see the politness of some posters i do not have much of a motivation to have a serious conversation. The less i tell the better i think.
    Elitetrader is clearly not full of elite traders.
     
    #66     Jul 26, 2011
  7. When is see the politness of some posters i do not have much of a motivation to have a serious conversation. The less i tell the better i think.
    Elitetrader is clearly not full of elite traders. This it nothing personal against you.
     
    #67     Jul 26, 2011
  8. Of course it is. Clearly you aren't one.
     
    #68     Jul 26, 2011
  9. emg

    emg


    Let start with the definition of discount broker:

    In the securities industry, a discount brokerage helps clients buy and sell securities on a stock exchange. Discount brokerages usually allow their clients to trade for their own account with little or no action with a live broker.


    This is pure and simple. If you don't want your broker to see your trades, they will not let u use their server. Simple as that
     
    #69     Jul 26, 2011
  10. this reminded me that an old saying "when you do not have something, you put your wishes into your name". for example, Japan usually calls themselves "giant Japan", though it is a small country. My neighbor is very poor, so his parents gave him a name "rich".


     
    #70     Jul 26, 2011