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Proving trade legitimacy through a blotter or other way
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Proving trade legitimacy through a blotter or other way

  #1 (permalink)
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Proving trade legitimacy through a blotter or other way

After seeing all the stuff going on in another journal, I'd like to know but have never been able to find out:

How can I prove, in the "public domain" if you will, that the trades I have taken with my real money are legitimate? Is there a trade blotter of some kind or some kind of "written in stone" way to do this?? I'd like to be able to show this myself.

As someone else had suggested, for me anyway, posting the trade in advance simply doesn't work for many people, if for no other reason that often setups happen so fast, based on momentum, that there's no time to do this.

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  #3 (permalink)
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Using NT, it might be possible, in writing a strategy which will "spy" an account and its orders, and send these orders and the current positions to a website/blog/...
Using IB TWS it's also possible (and easier), as I've done it before, using a simple program connected to the user's TWS, and sending the entry/exit orders to website/blog. I forgot in which language I've wrote this, Java, Perl or C++, but I can remember it was very small and easy to code.

Their is maybe other ways, but that's the safest and the easier to me...

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Usually no one has an issue legitimacy or proof until a service or other commercial interest is mentioned.

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nverstop, I understand that, but that doesn't really answer the question. IF you were going to want proof of someone's trades, how would you go about verifying it, or rather, how would the trader go about setting things up so as to provide proof?

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sam028 View Post
Using NT, it might be possible, in writing a strategy which will "spy" an account and its orders, and send these orders and the current positions to a website/blog/...
Using IB TWS it's also possible (and easier), as I've done it before, using a simple program connected to the user's TWS, and sending the entry/exit orders to website/blog. I forgot in which language I've wrote this, Java, Perl or C++, but I can remember it was very small and easy to code.

Their is maybe other ways, but that's the safest and the easier to me...

Thanks sam... in the first method you mention, how would one verify the correct date and time stamp? Some of these trades may need millisecond timing resolution (breakouts for example). In other words, couldn't someone fake the time stamp on the website or blog server and post an "after-the-fact" trade 2 or 3 seconds after the actual move begins, or something like that?

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josh View Post
Thanks sam... in the first method you mention, how would one verify the correct date and time stamp? Some of these trades may need millisecond timing resolution (breakouts for example). In other words, couldn't someone fake the time stamp on the website or blog server and post an "after-the-fact" trade 2 or 3 seconds after the actual move begins, or something like that?

hmmm... I dont think anyone can trade discretionary at the ms level... so that is a pointless question... the best you can do retail execution as a human will be second level.. and if you are trying to follow a mechanical system trading at the ms level, by the time that system entered and is about to exit is when you will find out about the entry.

the only true way to "verify" the trades are not fake, is as @sam028 stated; you need to go with a broker that will enable an API where you can post trades to an XML or whatever that you can the process from a website.. regardless it would be a custom job and an FCM willing to support the effort.

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Well I guess it would be alot easier to prove legitimacy if one was a short term, medium term, or long term trader. But if one is a millisecond scalper then I would automatically assume the person is bsing about their success or otherwise foolish about the long term prospects for the system. But I guess I'm just one of those people who don't want to compete with machines directly on the millisecond level...

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Fortitudo et Honor
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Other than showing them your profit/loss statements and trade analysis reports, I'm not sure that anything else would be beneficial. If someone believes that you're trying to scam them by fraudently falsifying those types of exhibits, what good would it do to let them observe anything else......

I guess the most effective way would be to have them sit next to you and then call/verify with your broker the balance sheets reflect what's on your screen.

Are you looking for some official exhibit that's been issued by the exchange? I'm sure there are people that have access to that information, whether or not you can get your paws on it is another matter. There has to be an official database that tracks orders from each broker, which can be further tracked to each individual account holder....

You could also consider doing a remote desktop or virtual connection that allows them to see you're platform live and in color, but again, if they're skeptical, you'd need to call the brokerage and confirm that what your platform is claiming actually bears out on your bottom line.

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sysot1t View Post
hmmm... I dont think anyone can trade discretionary at the ms level... so that is a pointless question... the best you can do retail execution as a human will be second level.. and if you are trying to follow a mechanical system trading at the ms level, by the time that system entered and is about to exit is when you will find out about the entry.

the only true way to "verify" the trades are not fake, is as @sam028 stated; you need to go with a broker that will enable an API where you can post trades to an XML or whatever that you can the process from a website.. regardless it would be a custom job and an FCM willing to support the effort.

Let me clarify about the ms resolution. I didn't mean that the timing of the person would need to be that granular, rather I mean that I enter the trade and 1 or 2 seconds later the move happens, and I take the profit within a few seconds, and that it would do no good to post the trade if the timing was off even by a few seconds (not milliseconds I realize, I'm sorry I wasn't clear).

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