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Old 18-08-2006, 11:51   #27
DW
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Re: Is there any broker who is happy, even if you consistently win?

Quote:
Originally Posted by MickMason
Ah, ACM, I can't think of a more deserving target to get shafted!

I think the key for you will be moderation, $7k in 30 mins is going to be like waving a red flag and you will be closed down because it's their money you're scalping. Try to avoid the temptation to make as much money as quickly as you can, intersperse your scalping with regular trades if you can, blending in will reduce the chances of detection.

You're not the first to exploit latency and I don't doubt there are those who make a good living from it, the long-termers I expect have mastered the art of appearing innocuous

From an ethical point of view though it's unethical, there are unwritten rules that professional traders and brokers adhere to in order for us all to make money, there are endless tricks that brokers and traders can play but it's better for us all to play 'fair', that way we all make money and everyone's happy. Personally I prefer my broker did protect himself and close down these types of traders because it means they'll stay in business (nothing personal you understand!)

Good luck with it all the same

Cheers


Mick
Mick, thanks again for the insite. Yes, after some of the responses I've had hear in this forum I can clearly see the issue at hand. I'm an ethical person and I know that I will not be able to do this, I've accepted that fact. Sadly enough. I'll go back to searching for 10 and 20 pip moves using my regular day trading method and maybe accidentally use this once in a while on a quick reversal. Looking to work myself out of my "real" job and do this for a living as this is what I truly love to do. The regular method will take longer giving the limited time I can spend in front of the screen due to job and family committments. It's hard to walk away from though....you find a killer, easy way to make lots and lots of money only to be informed that you can't do it. I'm a little sad lol. Perhaps you can assist in honing my regular trading methods. I've appreciated your responses. Thanks once again. DW
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