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Economy => Trading Discussion => Topic started by: boonker2 on October 16, 2019, 12:58:37 PM



Title: Exaggerating portfolio returns
Post by: boonker2 on October 16, 2019, 12:58:37 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 


Title: Re: Exaggerating portfolio returns
Post by: xhomerx10 on October 16, 2019, 01:06:18 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 

 Why fuck around?  Just be totally upfront and say you're not afraid to lie to get what you need - that way your managers will already know you're a good scapegoat when the going gets tough for them.


Title: Re: Exaggerating portfolio returns
Post by: elda34b on October 16, 2019, 01:06:51 PM
Are you suggesting you're looking for ideas to scam people? Please don't.

Why don't you open an account on eToro so that people can know your trading performance without looking at your trading history? Be transparent to some degree, don't lie and don't hide the fact if you can't make 100% ROI every month.


Title: Re: Exaggerating portfolio returns
Post by: jackg on October 16, 2019, 02:30:42 PM
130% over 3 months id say is fairly normal for day trading.

You could list the potential some of your trades would have had if you'd used leverage.

If you suggest that you've set a long at 430 with an sl of 400 and tp of 500 for example, why wouldn't you have used 2x leverage if it were avaliable?

Most traders suggest their raw figures and then add a figure at the end to show what they could've done by using leverage.


Title: Re: Exaggerating portfolio returns
Post by: carlfebz2 on October 16, 2019, 05:59:49 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 
So you're tending to make those figures even way more higher and lied that you do able to generate much more than that? Its a bad idea because once you've been caught then youre fucked up.Just tell them the truth without hiding anything because its much better to have a clear and peace of mind when you do deal up into something rather than hiding the entire truth which keeps you feel awkward and scared anytime you do face up those potential employer as you say.

I highly suspected that you're gonna apply for a trader position on said company which do have some requirements of average profits on monthly basis.If im right then better stop it because they would surely ask proofs anytime into your claims.


Title: Re: Exaggerating portfolio returns
Post by: adroitful_one on October 16, 2019, 06:07:20 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 

Why lie about it? 40% a month for three months seems pretty decent to me. You'll end up in more trouble than it's worth if you try to lie about it. Give these people a realistic expectation with you. Don't promise them 100% a month and only deliver 30-40%. It's a very good way to be looking for another job soon. Better to just be honest with them from the beginning. I'd even quote less than 130%/3 month period. It will make you look better when you deliver more than that.


Title: Re: Exaggerating portfolio returns
Post by: Ucy on October 16, 2019, 06:25:48 PM
Why not just be honest with them? How will slightly exaggerating your figure improve your CV?
It's likely they will ask for the proof, and what if they contact the exchange directly about your trading records? And if the records have been truely deleted, they could ask when they were deleted.

Three months return of 130% is about 40% monthly. That is a fair achievement if you ask me


Title: Re: Exaggerating portfolio returns
Post by: figmentofmyass on October 16, 2019, 06:33:31 PM
Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?

what kind of job are you applying for that an employer would be looking at this? a prop trader or something? i'm pretty sure any firm will be much more interested in your series 57 license than your gdax trading history. there's no way a potential employer could "find out the truth" about your crypto trading history. they wouldn't care to try. the main issue you need to overcome is capital---prop trading firms either require money up front for training and deposits, or they leverage your capital. https://www.thebalance.com/day-trading-jobs-working-at-a-proprietary-trading-firm-1031233

if it's a job unrelated to trading and you're just trying to fill a gap on your resume, remarking on your gains probably isn't even necessary. either way, they won't find out. gdax isn't giving out your account info and your prospective employer isn't gonna ask for it.


Title: Re: Exaggerating portfolio returns
Post by: Reid on October 16, 2019, 06:47:30 PM
The good thing about this post is something new was made.  ;D

Although it may look like he want to lie to someone else just for a job he is thinking out of the box.  ;D
You will have problems here afterwards.
What if they are intrigued about what is crypto currency or someone around there really knows deeper?
How are you going to answer those?

My opinion? Dont do it. Forget about it. Just be real.


Title: Re: Exaggerating portfolio returns
Post by: nelson4lov on October 16, 2019, 09:24:34 PM
The good thing about this post is something new was made.  ;D

Although it may look like he want to lie to someone else just for a job he is thinking out of the box.  ;D
You will have problems here afterwards.
What if they are intrigued about what is crypto currency or someone around there really knows deeper?
How are you going to answer those?

My opinion? Dont do it. Forget about it. Just be real.

Seconded. I'm of your opinion. OP might not have any problem at the beginning but it will catch up with him later if not sooner. So It's best to come clean. Most times people just want to employ honest people who can get stuffs done. That's all. Times without number, I can't count how being honest with my dealings have saved me. I know who badly one might need something but going the extreme is certainly not the solution.


Title: Re: Exaggerating portfolio returns
Post by: 1Referee on October 16, 2019, 11:11:42 PM
130% in a time span of 3 months is insane! Definitely so considering the fact that you traded on CoinbasePro, and exchange that doesn't offer leverage trading.

In most cases legacy market traders would be jealous A.F. when they see that you only needed 3 months to book such magnificent profit percentage. I know some great traders myself with like 5-10 years of experience in the forex segment of the market, and they are over the moon with 100% profit annually. Nothing about your profit percentage tells me that you should manipulate it to make it look better.

I'm sure 130% will stun any trading firm. The main point of importance aren't really the gains you book, but more so the fundamental understanding you have of trading. You have to convince your future employer that your run to 130% profit wasn't just a lucky streak.


Title: Re: Exaggerating portfolio returns
Post by: Bitcoin_Arena on October 16, 2019, 11:56:22 PM
It would be stupid to lie IMO. Just tell the truth. 130% in 3 Months isn't bad for sure especially if the type of trading you where doing was not margin trading. If i was in your shoes, I would be so proud of that.

You might exaggerate the figures and later on your employer will think you are so good at trading and will expect a lot from you. Do not you see that you will putting yourself on a lot of pressure for nothing?


Title: Re: Exaggerating portfolio returns
Post by: jmigdlc99 on October 17, 2019, 01:05:18 AM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 
What position are you applying for?

People always exaggerate whats in their CV, it doesn't make it right i know, but it's almost common-practice. Just don't go overboard and oversell yourself on things that you won't be able to replicate anyway, like 130% gains. I'm not even sure that is of worth to the employer and it may just seem like you're bragging (if the position isn't related to trading stocks or the like).

Also, the 130% during the bull run in 2017 was do-able not because of skill but because of luck that bitcoin pumped so high.


Title: Re: Exaggerating portfolio returns
Post by: ChrisPop on October 17, 2019, 12:18:55 PM
So if you're looking for a job as a trader I suppose you need to show up a valid transaction history. You can get xlsx or csv files showing your transaction history from most of the trading platforms nowadays. You can "bend the truth" if you want, but I wouldn't ever do that because I care about ethics. Plus, you will only lie to yourself, most often than not you will be put in a probation period where they will actually "test" your skills. No sane investor or trading firm would allocate funds to a trader who doesn't possess a PROVEN trading history. I wish you good luck in finding a job that you like, but after all if you are so good at trading why don't you trade your own funds and build your equity up?


Title: Re: Exaggerating portfolio returns
Post by: NathanJB on October 17, 2019, 01:01:15 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 

I will be honest as you are also honest in your OP.

This is stupid. Do not do this. Since you have posted this just yesterday, I hope you have not made your final decision yet. Integrity is something I personally treat more than gold. If you do this, more than the company that will eventually hire you out of your bogus CV, you will be the one to suffer. By the time they will let you do your job because you are claiming to be a better trader than you actually are, and your real ability will come out, and you failed, you will still be labeled as the one that is not performing well. And believe me, this act of yours will haunt you till death.


Title: Re: Exaggerating portfolio returns
Post by: pawanjain on October 17, 2019, 04:02:45 PM
It's like you are faking yourself to get a job you aren't supposed to.
What if you go to a doctor who got his degree by faking his documents and he prescribed you wrong medicines.
You will be pissed off right. So it's a humble request not to fake anything and be yourself and earn what you can with what you have.


Title: Re: Exaggerating portfolio returns
Post by: Yaunfitda on October 17, 2019, 04:09:09 PM
It could work to your advantage, but personally I wouldn't go that route, you just don't know maybe it will haunt you one day. I had a bad experience in my past lives about not telling the truth to my employer. So one day they found out that I was lying so it's the end of the road for me.

Moral lesson here: Be truthful not just to your employer but to everyone around you.


Title: Re: Exaggerating portfolio returns
Post by: Harlot on October 17, 2019, 04:25:31 PM
First of what kind of job position are you applying at? If the skill for trading isn't even near on what you are applying then you can forget about it. It may even hurt your chances of having that job if you do so. Based from my experience employers don't even go the extra mile to ask proof of your skill, they didn't even read the copy of the thesis I provided but instead ask the summary of it which I just told them. Employers are more interested in what you will say and not actually interested in additional supporting documenta which will just waste there time, but if you can't provide it I think it's better to be safe than sorry and not actually lie about your trading gains.


Title: Re: Exaggerating portfolio returns
Post by: gabbie2010 on October 17, 2019, 06:07:39 PM
Disclaimer: I'm sorry if I made you feel uncomfortable because of my "malicious" plans, but the job market is so incredibly competitive and sometimes unfair, that every drop matters  :-X

Hi! I used to day trade on gdax for a while, but without any massive hits and an overall return (over 3 months) of around 130%. As I would like to include that I have traded cryptos on my CV, I imminently thought "Hey, what if I slightly bend the truth?". If I decide to exaggerate my figures slightly, is there any possible way that my potential employer could find out the truth?
Extra question: If they ask me for a proof, can I pretend my account is deleted and offer to show them a transaction history on another platform?
 
There is no gain in not saying the truth even you exaggerated your portfolio to fake your employer in the course of duty you will called to trade Live Account that is where you will be exposed and probably get kicked out, trading is practically orientated and there isn't any thing to hide, its better you take step forward by going back to the drawing board a learn alot until you hit massive hits or profits consistently thereafter reapply.


Title: Re: Exaggerating portfolio returns
Post by: deadsilent on October 17, 2019, 08:02:41 PM
Of course it is. Blockchain explorer will do the job for the employer to find out if your telling the truth. And since you told to the employer that you have good amount of cryptocurrencies. Just pray he/she will not ask for you for your cryptocurrency address like Bitcoin or ETHEREUM. Both of these can be monitor thru blockchain explorer and how much the wallet is holding. Once they've found out you're lying. It could be the hindrance for your employment. In applying for jobs. Just tell them the truth as much as possible as most of employers do background checking. Be true to yourself.


Title: Re: Exaggerating portfolio returns
Post by: South Park on October 17, 2019, 08:36:31 PM
130% in a time span of 3 months is insane! Definitely so considering the fact that you traded on CoinbasePro, and exchange that doesn't offer leverage trading.

In most cases legacy market traders would be jealous A.F. when they see that you only needed 3 months to book such magnificent profit percentage. I know some great traders myself with like 5-10 years of experience in the forex segment of the market, and they are over the moon with 100% profit annually. Nothing about your profit percentage tells me that you should manipulate it to make it look better.

I'm sure 130% will stun any trading firm. The main point of importance aren't really the gains you book, but more so the fundamental understanding you have of trading. You have to convince your future employer that your run to 130% profit wasn't just a lucky streak.
This is the same that I was thinking, earning 130% in just three months is huge, there is no need to try to exaggerate those numbers when you are earning more money than most traders in any market, and when you understand that those profits were not the result of using a huge leverage then those results become even more impressive, the only thing that I would like to know is what it is the risk of bankruptcy because anything other than zero is unacceptable.


Title: Re: Exaggerating portfolio returns
Post by: Immakillya on October 17, 2019, 09:46:00 PM
Just be honest man. Your making your own problem. As others were saying, employers are not fools to believe everything that is written. So they always check and investigate things a bout you especially if you're capable to take higher position. Employers perform background checking if you don't know that.


Title: Re: Exaggerating portfolio returns
Post by: danherbias07 on October 17, 2019, 09:58:50 PM
No, he wont find the truth since you have done it all by yourself, that means it is private. Except if you recorded everything and put it in tape. Edited it and then passed to them for proof. That could get you in danger.

Why do all of that if you could just tell the truth and just say you had experience with crypto currencies.


Title: Re: Exaggerating portfolio returns
Post by: Lanatsa on October 17, 2019, 10:32:30 PM
It could work to your advantage, but personally I wouldn't go that route, you just don't know maybe it will haunt you one day. I had a bad experience in my past lives about not telling the truth to my employer. So one day they found out that I was lying so it's the end of the road for me.

Moral lesson here: Be truthful not just to your employer but to everyone around you.
It would really be an advantage if he would able to pass through without even caught but its a gamble because one caught then it would
entirely mess up his reputation and would leave negative impression and remarks into his own name or unluckily would be blacklisted
on other employers as well which would result on having a hard time on finding some jobs in future.Honesty is always the best policy.


Title: Re: Exaggerating portfolio returns
Post by: maxreish on October 18, 2019, 05:15:11 AM
Look, dude. Do not lie. What's wrong telling them that you are a crypto trader? And 130% returns for three months is not that exagerrated. You can always say t the employer that trading is not 100% successful and that your high returns is not always like that. However, do not just create presumptions, yet. Not all employers will require you to give them some profs. They will just slightly interview and gonna ask you few questions about it.

And let me tell you that not all employers know about crypto trading. So go on and just tell the truth.


Title: Re: Exaggerating portfolio returns
Post by: freedomgo on October 18, 2019, 05:19:21 AM
Depending on the type of job you are looking, you didn't specify here but I suggest you tell the truth, why would you like when you already have a profitable record and that is something to be proud of, if you achieve it not by luck alone, you can surely repeat that success and even hit a higher return of profit.


Title: Re: Exaggerating portfolio returns
Post by: iv4n on October 18, 2019, 07:24:42 PM
Why to put any numbers in the CV at the first place? Why to not describe yourself as successful crypto trader, what you are, that can make high profits in the right circumstances. 130% is not much for someone who trade with couple hundred dollars, but people who are trading with millions 130% is huge! So don`t put any numbers, don`t give any false promises, say the truth about who you are and what you can do, but don`t put any big promises, high numbers, I think that has a negative effects in the most cases.


Title: Re: Exaggerating portfolio returns
Post by: darewaller on October 20, 2019, 07:24:13 PM
What will be, there is no point lying about your portfolio when you can just actually tell the truth and let who will believe you believe you. One of the problem that we are still finding today in the cryptocurrency market concerning exchange is that they fake their volume a lot, and we have seen how it eventually backfires for them in future, and this is exactly the part that you are trying to take also.

I will advise that you just be transparent about your deal man, there is no point adding figure, if you are good, continue trading in the right part to really show yourself approved to the world. Do not jump above your shadow, that percentage increase that you are looking for will, eventually come as you proceed in the trading that you are doing.


Title: Re: Exaggerating portfolio returns
Post by: gantez on October 20, 2019, 09:48:48 PM
Falsifying outcome of result or data isn't good thing. It is wrong and capable of making the other party to make a wrong decision based on the data or report relied upon.


Title: Re: Exaggerating portfolio returns
Post by: GreatArkansas on October 21, 2019, 05:44:02 AM
Depending on the type of job you are looking, you didn't specify here but I suggest you tell the truth, (...)
I also thinking about this. If he/she can't say the truth why he/she still include it on the Curriculum Vitae(CV). It's useless and probably will lead to worst case once the employer will found out about that.
The best thing to do is don't add the things that not matter in job applying for, just what other said above.


Title: Re: Exaggerating portfolio returns
Post by: South Park on October 22, 2019, 02:58:51 PM
Why to put any numbers in the CV at the first place? Why to not describe yourself as successful crypto trader, what you are, that can make high profits in the right circumstances. 130% is not much for someone who trade with couple hundred dollars, but people who are trading with millions 130% is huge! So don`t put any numbers, don`t give any false promises, say the truth about who you are and what you can do, but don`t put any big promises, high numbers, I think that has a negative effects in the most cases.
This is an interesting point, many think that in order to attract investors you need to give huge numbers, but most investors are risk adverse and if they see that you are making huge profits they will most likely think that you are incurring huge risks and in a way they are right, after all this market is very volatile and many are not willing to invest in it precisely because of this reason, it is way better if you want to attract investors to be able to generate consistent profits.