Recent content by LLSS

Hello Stargunner, It isn't too much of a problem to be honest (may depend on your broker i suppose) but in general from what I have seen countless times, this method usually ends badly for the trader and so it can only be beneficial to us. Using an approach such as this requires too much...

Please, before I respond to your question, explain how you believe hedging business is front running and an illegal practice. If you genuinely don't know then I will be happy to explain the process, but I feel like I was informative enough in the rest of the post, if you read it. Here I have...

A large client will be upwards of $250,000 but most large ones are in the $500,000 to $2m range. They could potentially hurt us so we like to keep tabs on them. If it's worth anything, we also have a few clients that are actually decent traders but who make small mistakes that keep them from...

Absolutely, In this case the client has a large account balance and often trades in hefty sizes and will skew our book. To negate this we will often hedge a lot of his business, trying to beat him on his entry and exit. The benefit we have is we don't ever have to really speculate or time our...

I do not work for a spread betting firm, so the misinformation is on your part. We offer CFD's and customers pay CGT with us. Regards, LLSS

2) The folks who do do well, is there any pattern to how they trade? ie do they generally use limits,trade with/against major trend, big stops, little stops, no stops etc" 2) Let me get back to you on this one as it's 1am and I have to be in the office fairly early tomorrow and I would like to...

Thanks for the reply and input. I think you are right maybe there was a misunderstanding. From what you wrote I thought you said there is no such thing as a cash product. I think there is, seeing as people can trade it. Of course it is priced by the market maker themselves but that is the...

"I got a couple of other questions when you have time. 1) Why do non DMA brokers generally dislike scalpers? 2) The folks who do do well, is there any pattern to how they trade? ie do they generally use limits,trade with/against major trend, big stops, little stops, no stops etc" Hi Darktone...

Once again you are referring to market participants that I have no operational knowledge of. I am offering a perspective of a market maker and cannot comment on what the whales of the markets do to win, at the end of the day we are not outside of their cross-hairs.

Stop Hunting When I discussed 'stop hunting' and the problems with us doing it, some of you mentioned banks doing it and Paul Rotter came up. I would like to distinguish the difference between unfairly being hit on stops, and normal market behaviour. My initial response was aimed at trying to...

Manipulation Cont'd "Anyone trading over the counter products, no matter if Goldman Sachs is oyur counterparty or a regular bucket shop, anyway, anyone trading products not traded on a regulated exchange, is never going going to get the real prices others get who trade on real markets." - BSD...

Manipulation Evening all, Quite a lot to get through on returning so I will try to cover most people's questions by grouping them together. The biggest theme emerging is relating to manipulation so let me clarify a few things and answer a few Questions. "I don't think thats totally true , its...

Are you trading Dow Cash or Futures? I can try and get a screenshot for you if you give me a specific time (nearest 5mins) but from trying to guess what you mean I would say yes, it is possible. Bloomberg shows movement ranging from 15818 to 15982 between 21:30 and 23:02 overnight last night...

Hi Postman, To answer your question as best as I can I should clarify what I meant. I meant quite literally moving the underlying market by trading on it. EG a client of ours is short and has a stop close by, I go in and start bidding the price up during out of session hours to hit his stop...

Hi, Yes from my experience meeting others in the business most clients lose money. Clients come from all walks of life, whether its a bloke punting a few hundred dollars on FX after reading it's 'easy money' online. Then there are the wealthy guys who just like to gamble and have a punt here...