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Author Topic: Exaggerating portfolio returns  (Read 272 times)
boonker2 (OP)
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October 16, 2019, 12:58:37 PM
 #1

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  Lips sealed

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?
 
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October 16, 2019, 01:06:18 PM
 #2

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  Lips sealed

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.
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October 16, 2019, 01:06:51 PM
 #3

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.
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October 16, 2019, 02:30:42 PM
 #4

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.
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October 16, 2019, 05:59:49 PM
 #5

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  Lips sealed

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.

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October 16, 2019, 06:07:20 PM
 #6

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  Lips sealed

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.
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October 16, 2019, 06:25:48 PM
 #7

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
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October 16, 2019, 06:33:31 PM
 #8

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.

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October 16, 2019, 06:47:30 PM
 #9

The good thing about this post is something new was made.  Grin

Although it may look like he want to lie to someone else just for a job he is thinking out of the box.  Grin
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.
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October 16, 2019, 09:24:34 PM
 #10

The good thing about this post is something new was made.  Grin

Although it may look like he want to lie to someone else just for a job he is thinking out of the box.  Grin
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.

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October 16, 2019, 11:11:42 PM
 #11

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.
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October 16, 2019, 11:56:22 PM
 #12

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?

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October 17, 2019, 01:05:18 AM
 #13

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  Lips sealed

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.

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October 17, 2019, 12:18:55 PM
 #14

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?
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October 17, 2019, 01:01:15 PM
 #15

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  Lips sealed

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.
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October 17, 2019, 04:02:45 PM
 #16

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.

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October 17, 2019, 04:09:09 PM
 #17

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.

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October 17, 2019, 04:25:31 PM
 #18

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.
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October 17, 2019, 06:07:39 PM
 #19

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  Lips sealed

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.

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October 17, 2019, 08:02:41 PM
 #20

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.
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