Looking for experienced traders on profit sharing

Discussion in 'Hook Up' started by universaller, Jul 25, 2021.

  1. Overnight

    Overnight

    If you do this with futures, and trade the same instrument and month in two different accounts under your control in opposite directions, you can be accused of the wash trade rule, and pay severe penalties. So stick with stocks. The SEC is overwhelmed and you can get away with washes, but the CFTC will catch you.
     
    #31     Jul 31, 2021
  2. Why not with a different broker for the other account if both want to trade futures?
     
    #32     Aug 1, 2021
  3. Overnight

    Overnight

    Indeed, that would certainly make it harder for the CFTC to get wind of it.
     
    #33     Aug 1, 2021