Thanks a lot. Iceberg orders are hidden from everyone,even HFT trading firm, doesn't matter if you are colo or not and if you are paying a lot more to gain access to best data or not, if you have access to flash orders or not. So, why do you say that posting your stops even as iceberg attracts HFTs ? What evidence you have to claim this? Did you measure the rate of your stops getting hit, and if they differed dramatically when you posted stops in market ? I assume your stops were with your broker servers.
I know that the HFT can see only what I display, at the same time IB sells order flow and I don't really know what goes on behind the scenes - I've no way to verify it. Even if I display 1 lot, when trading is very thin, it's enough to influence the price. I noticed several times how my stops were hit on the cent, although it might've been a coincidence. I prefer knowing I'm fairly invisible in the market - that's partly psychological.
I agree with your logic and to be honest its better to be a little paranoid about our trading, than to be sorry later on. No one could have expected FlashCrash but it happened - so a lot of things can happen in the marketplace. Few years back, flash orders were not commonplace knowledge. I was just questioning you to see if you have kept any records for comparision, while putting in stops and while not putting them in. Cheers.
Market seems to be showing some signs of improvement, I'd like to see the linear trend broken. Shrs: 48k 0316: +$2806 ------------------- Week 11: -$2768