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/biz/ - Business & Finance

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23015254 No.23015254 [Reply] [Original]

I work at a broker and move crypto sizes that significantly move the markets. Often, I know where the prices will go for the next hours (especially for less liquid crypto) but I am not allowed to trade it. Is this hell?

>> No.23015278

what is ur tg id

>> No.23015292

Newfag here. Why aren't you allowed to trade anon and what can they do against it or how would they notice you trading crypto?

>> No.23015309

>>23015254
how could they ever know you tell someone to do insider trading?

>> No.23015321

>>23015292
Insider trading, dude. This is economics 101.

>> No.23015347

>>23015292
Insider trading is obviously illegal. Also, I can‘t have my private laptop there and it would be retarded to do it on the company machine.

>> No.23015371

>>23015321
Thanks I'm gonna read through some stuff about it and do my research

>> No.23015426

>>23015309
I don‘t think I could trust someone enough to give them information which could lead to the complete destruction of my life.

>> No.23015427

>>23015254
Yeah, I feel you. Was at the same job but left for a better position in a smaller company.

Ps. Get a trading bot for tg and mask it as a chat. I obviously never did that. It's illegal. Winkwink

>> No.23015454

>>23015427
Oh yeah, also get a burner number to tie the bot to.

>> No.23015469

>>23015454
Few more things
Change trading accounts regularly. Trade using a different broker and never ever do market orders. They're sus af.

>> No.23015473

>>23015254
"duhhh, I can't figure out a way to make money off of foreknowledge of a totally unregulated market."

>> No.23015492

>insider trading

Are you people saying this ironically or what? Is there a Crypto SEC now and I didn't get the memo?

>> No.23015497

>>23015469
That's what a criminal would do ofc. I've never done it : )

>> No.23015498

>>23015427
That sounds interesting. Would you hypothetically only trade on exchanges without KYC?

>> No.23015502
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23015502

>>23015254
Duh anon, just run for congress then you'll be allowed to insider trade all you want

>> No.23015510

>>23015492
Nah, fuck that. The problem comes when HIS company catches up. Then he'll either get X'd or sued for breaches.

>> No.23015526

>>23015492
>Is there a Crypto SEC now and I didn't get the memo?
the SEC has been prosecuting cases in crypto since at least 2016. You just believed the /biz/ lies about it being unregulated

>> No.23015530

>>23015498
Imagine surrendering your data anywhere. Any exchange that has API and no aml in place is good.

>> No.23015559

>>23015510
Correct. The fine (contract breach) is $250k+ and my career would be destroyed. Nobody would hire me ever again.

>> No.23015585

>>23015426
you dont need to, just buy their account so you will be able to do trades by yourself

>> No.23015588

>>23015559
Yeah, that's why you move small amounts. Below 10k trades are very boring to watch.

>> No.23015609

>>23015254
>there's no such thing as insider trading for shitcoins
nice larp op

>> No.23015629

Last piece is: literally never trust anyone in and out of here.
I've said my opinion to a couple of guys about how a trade would go and they all took it as a financial advice.
To 5k pnd groups

>> No.23015662

Any crypto you could recommend?

>> No.23015763

>>23015629
When it's time to pay taxes.
Go to any online casino, deposit, go 46.5% red 46.5% black 7% green, take out the winnings. You now have clean statement and money you've won gambling at about 7% edge. If there's no green, it's 0.5% edge.

>> No.23015772

>>23015629
Thanks for the advice anon. I am generally very cautious and don‘t trust a lot of people.

>> No.23015789

>>23015763
That's about it. Good luck and never feel sorry. You're working for someone else's dreams.

>> No.23015813

>>23015772
Just don't get killed or sued and it's a walk in the park eh

>> No.23015840

>>23015763
I mean find a friend to be the losing part and place bets against each other. House will clean the money on its own.

>> No.23015852

>>23015609
It's not insider trading, it's broker dealer rules

>> No.23015924

>>23015789
I will research the tg trading bots and might eat some of that forbidden fruit. Thanks again for the advice anon!

>> No.23015929

>>23015254
How long til you start shilling your absolute shitcoin, motherfucking chink ?

>> No.23016033

So you don't even know which coins will have huge pumps in the next weeks OP? They give you random info daily and you execute? If it's like that, why don't they use bots instead of people like you?

>> No.23016040

>>23015254
I‘m a trader with an average position size in the 2-5 mil. my monthly trading volume is over 100mil. You know people like me would pay you hundreds of thousands every time you leaked some of that juice, right?

>> No.23016072

>>23015929
Why so mad? I am not here to shill pajeet, please calm down and take a swim in the Ganges to relax.

>> No.23016121

>>23016040
If he's smart about it he'll pass your 2-5 position size in a few months and never get a third party involved.

>> No.23016124

>>23015254
Whats stopping you from making trades on your cell phone using your wireless service while you take a shit you stupid fuck?

>> No.23016197

>>23016033
Yeah the clients are usually calling to buy/sell. Using bots is always a risk and you would not give your bot access to your 50 mil crypto account. Also these people are using it mostly out of convenience.

>>23016040
Sounds tempting but as >>23015629 said, its hard to trust anyone here.

>> No.23016267

The issue is you have to forever worry about getting caught. Just make money honestly, it's not hard.

>> No.23016295

>>23016197
Ok, but who stops you from doing trading when you're not in the office? You still know what shitcoins will pump in the next weeks or so.

>> No.23016316

>>23016121
I know,that‘s why i haven‘t made a real offer. Wouldn‘t wanna get someone else involved either if i was him. It‘s just crazy how valuable this type of information can be

>> No.23016856

>>23016295
No I only know where it goes in the next hours, depending on how long it takes until the trade is completely executed.

>> No.23016920

>>23015347
>>23015321
What if they don't catch you?

>> No.23016982

>>23016040


if you're a bigshot with a lot of money to trade then why even bother? it's easy enough to make good guesses about how things are going to go medium-long term.

>> No.23017114

>>23015254
>>23015309
>>23015321
>>23015347
You faggots don't get it. The problem is not insider trading it's that your orderbook info belongs to your employer and not you. If they catch you using information that belongs to them for personal profit not only will you be liable for breach of contract and associated penalties, you would also immediately become unemployable AND your employer could still sue you after all that for damages.
Unless you hate your job, know what you're doing AND have a backup plan in the event you are discovered and fired, would not recommend.

>> No.23017161

>>23015254
You could definitely manage to trade it. There are so many ways you can get access to exchanges. If you can smuggle in a phone then you're golden.

>> No.23017434

>>23017161
lmao phones are literally surveillance devices