I need to know how to keep my trading data private from brokers etc. How???
I have trading systems that took me 10,000 hours in 2.5 years that I consider to be private info. The problem is I think the brokers or/and who ever else can access my trading behavior data can pick a part my strategies. I mean I really hacked my way in really good. I'm set for life. I think I want to get my brokers and advisers licenses, and go ahead and run a hedge fund for a while if all goes well, so I can ram rod my profits through the roof, and retire from trading to do other entrepreneurial projects I have lined up for my life. I would run my hedge fund on my strategies that I want to keep private.
How do I keep my trading pattern data private? Anyone ever heard of snooping being a problem?
Last edited by oathmark1; January 9th, 2016 at 05:23 AM.
If you are asking whether you can keep data such as when you entered and when you exited trades hidden from your broker, I don't think you can. It would be a bit like wanting your bank not to know when money exited or came into your account.
I would not worry too much about whether your broker is trying to reverse-engineer your system. Brokers allow you to facilitate trades and do not like risk on their balance sheets. Thus, a broker will be more concerned with the commissions they can earn from you than trying to figure out how your systems work. It is very difficult for an exchange to reverse-engineer your systems, as they do not see who the underlying broker clients are when orders are placed.
Your broker, of course, doesn't care about your strategies, and is not going to spend any time reverse engineering them.
For what it's worth, the only way to be sure that your brokerage firm does not know what trades you are doing is to not send them any. If you trade through a broker, they have to receive your trades, don't you think?
If your strategies are so good, then just go ahead and make your billions with them. A good first step would be to open an account and make some trades. Posting about how great they will do someday is not moving you forward.
Get some real-world experience and you will stop making these kinds of empty posts.
The following 8 users say Thank You to bobwest for this post:
Grausch, I know about the law in regards to OPM. It's common knowledge. Thanks and thanks for the link. The words under my name over there say I'm a new prevert or whatever, but I've been working hard on making a business in the trading for quite a while now.
Bob, Don't talk to me about how MY POST IS EMPTY, OFFICE TURD. You may refer to me as Mr. Trader, punk. Grow up, picky little desk stool witch.
Kevin, I apologize about that. "Office zombie" broke out again. As far as what was my max draw down last year goes, that's not an applicable question. You have to ask about percentages to traverse understanding from trader to trader because we all carry different sized accounts. What might be pennies to someone could be enormous to someone else. I'll just say that I have strict thresholds for risk and draw down maximums built into my strategies. The threshold is a percentage of the amount my of account that I spent many, many months experimenting to establish what they are. In my fundamentals trading system and my options system the draw down is a big percentage of the accounts. In my scalping system the draw down is a very small percentage of the account. I rarely ever lose money which is ideal because the most important rule to this is never lose money. The return on your time and investment rises and compounds a lot faster that way. Everyone should strive to find strategies that will rarely lose you money and/or technically never lose you money.