Hi, That's what I am thinking. I think big funds go through brokerage firms too (though big one) and their account is much bigger and funds managers employ strategies. So, even if strategies are being monitored or duplicated, would there a chance that bigger and profitable account and reputable funds (in terms of past returns) run by some reputable fund managers being monitored more likely? Or just non-sense?
This is the most stupid thread I have seen in a long time. Some noob dickhead thinks a fund or broker would be bothered to steal his strategy? Having worked both as a broker and hedge fund trader I keep pissing myself with laughter everytime i read it. GROW UP MATE NOBODY CARES
Use several brokers to mix the trades, it requires more capital, but it do miracles to solve your psychological problem.
but it's also unrealistic, in terms of capital utilization and risk management, to split one position into two accounts. this way you spend huge capital to make much smaller profit. Sorry Sir From different point of view alsov small capital must be divided through different brokers Most broker's are not pure agents -avoid You can win only from your broker pocket Pure agent can have technology error (MBT losed position overnight multiple time's search thread MBT) You can have margin conflict with broker 2 account ,each with 2000 $ by pure agents as example AMTD,OXPS, or MBT is better as one account with 4000$
hedge your strat with 2X multiplier in another account, blow the acct out every so often and replenish it from offset acct, you will skake off anyone trying to duplicate you or replicating your orderflow.
Great topic. I had a method where I could easily make a profit for 20 days in a row. It's not about support and resistance lines, etc. My broker called me up one day, early on, to clarify a point in the strategy, so I know he was looking. A few months later a 20-year friend of mine walked in to do business with this same broker - without the broker knowing we were connected - and the broker was teaching my method to people walking in the door - to get commissions on the trades, and he was staking younger guys money so he could get 50% of their profits. Forget every skeptical post that has occurred before in this thread. Brokers absolutely use your profitable methods. Nothing prohibits them. If you see money just sitting on the floor, do you walk over and pick it up? Yes. So does your broker. There was a thread about this years ago. A prominent broker and poster on ET pooh-poohed this idea of brokers sharing your profitable ideas. This person also has many posts stating - "Well, the guys I know are having good luck doing "xyz" now." When a trader gets into a groove, I'm sure he doesn't authorize his broker to tell everyone else what the method is. The broker will then say, "Well, I've shared other good ideas with you, too." Yeah, and the broker passes the good ideas all around, and sits at the top of the pyramid getting the commissions. The most profitable guys won't want their ideas shared because they won't get back what they put in (involuntarily), in the first place. How about looking for solutions on the remainder of this thread? I had another thing where I signed a non-disclosure agreement (NDA) with a software writer. 2 days after I started trading it, another guy was in there doing it. It was unmistakable. I won't say how I knew, but you guys who've sat in front of trading screens for years in a row, will see very specific things happen, and you'll say, "Oh, there's that guy again." And this second idea was of that type, but raised to the "nth" power. This software guy was a roundabout friend of my family, and a supposed "good guy" connected to my trading shop, and the methodology still got out. He was an individual working under an LLC that probably had $500 bucks in the bank. Not much there. I thought just the connection between our families would have prohibited this stuff, but it didn't. Again, when you see money just sitting on the floor, do you walk over and pick it up? Yes. Solutions?
Thanks for sharing this valueable experience! i think one must do some precautions with small brokers. that's what i'm trying to do. in regard to software writing, besides nda, my expeirience is to only give him the structure without reveling the details, also add one or two useless parameters here and there. that way is safer. but then what is still the most important is that this programmer behaves like a honest person that worth your trust. because there would be lots of contacts and you r technologically vulnerable.
All very good points, especially the one about these chicken-shit NDAs that noobs go on about every so often - I mean lets get real guys, the paper the NDA is written on is probably only good for wiping your arse with - to be blunt. Re the broker copying your sheah - well, you have to have multiple brokers (i.e., distributed portfolio - varying strategies, etc, etc, ...) and move money about all the time. That is once you can make money and have a decent sized account, otherwise do you think these guys would care if you can only make a bit of money here and there with your bog standard 5K account?