Trade without stop

http://www.elitetrader.com/vb/showthread.php?s=&threadid=95723

Trade without stop is good and profitable and sophiscated and best strategy.
But Stop is good but not every broker.  So detect it before you use stop order.
that doesnt mean stop is bad.


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Is this information publicly available? If someone places a stop order with Interactive brokers is it visible anywhere?

respose

1  I don't believe any of the exchanges support native stop orders, so, probably not. To be 110% sure, verify the order types supported by the exchange(s) you're using.

2  i swear they have to be they act like magnets, no matter where you set them

3  Try setting them with a simulator, they are still like magnets. It's you ----  it reveal secret by using sim-mode

4  Stop order just turn out to be cheat

5  Try trading without them and see what happens.  ------- good initiate idea
 
6  Stops are meant to be hit. If they were never hit, you wouldn't need to use them.  -----  good insider

7  And I'll add, as soon as you plac eyour stops so far away that they can't 'get you', you'll lose EVEN MORE!!!!! lol, just kidding, its an easy game.

8  You know he's talking about those stops that were just 1 tick too close and mark the reversal point of the price-movement.
The feeling that someone is watching these stops and 'taking them out' can be overwhelming. I had it too, until I noticed that they were also 'taken out' when I put them on in sim-mode, in which case they are not even at the broker, only on my own computer    ------  it is horroble

9  Market makers, specialists as well as very experienced traders can make a pretty good educated guess where the most other traders' stops would be. That is why those type of stops may seem like magnets even in the simulation account. At IB, I think in fact, you can set different type of stop triggering methods, e.g., double-bid, last, etc.--some with 0.5% leeway.

10  Your comment seems kidding but in reality, I have to believe that
is it. Retail investors are always lamb to be slaughted especially,
trade in short term. Even professionals suffer that much but
they can find out and smell sth. but retail investors may only say nothing but Fu*k.
I doubt that it may be common practice in the line that retail investors are never known

11  stop order is only way you cheat yourself and broker want you to do it.

12  My answer is yes. can be seen by professionals and definitly
they would take advantage on that. I saw a post to complain his stop executed without any price posted. He phone the broker. The response say the quote is not available in public. Awch. In my knowledge, that is TD but
other brokers do the same way I think.
 
13  What security classes are you talking about here?

In most securities, this is clearly illegal and if there is true evidence of this, I believe several securities class action (e.g., Garden City) will be more than glad to help out. Maybe Cuomo would be interested in following in the footsteps of Spitzer and would love to hear from the accuser.

Having said that, in forex, there's no prohibition against a dealing desk doing this. (In an ECN model, there are legitimate common law claims if the ECN operator made this info avail to select participants.) But TDW did not trade forex. I believe TDW did only equities and options.   ------  Bc of lacking centrual clearing authority to regulate, FX dealing desk practice could be wild and pose huge risk beyond customer control.  Bear that in mind,
you have much edge to swin in FX world.  But the trend is Spot FX trading will be in main street in the next
5 years.  I mean that the centrual clearing exchange could be build like NYSE. 

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