Looks like you have another month there Mark.
http://www.bop.gov/iloc2/InmateFind...e=&LastName=conway&Race=U&Sex=M&Age=&x=94&y=2
http://www.bop.gov/iloc2/InmateFind...e=&LastName=conway&Race=U&Sex=M&Age=&x=94&y=2
Mark Conway "professional stock Trading" Sentenced to 7 Years in jail
- Thread starter Nana Trader
- Start date
While you were in jail, the trading industry has undergone a few changes. The money-making method of yours (making up fake trades, fake trading statement, fake profit) is no longer popular. The new ways of making money are:
1. Front-running customers' orders very fast, so fast that it is done in a split second, you need a fast computer and good software (they call it algorithsm in the industry) to do it.
2. Co-location with exchange servers, and see orders before others do, and take actions accordingly. You need to pay the exchanges or be part owners of the exchanges.
3. Get insider information. This is not a new method, but the evolution of it is new. I am still trying to find out how it is evolving, considering some big insider traders are under scrutiny.
4. Get into a dark pool, no regulations there, pretty dark in there.
5. Subpennying. Well, it's a market makers' game. You need to become a market maker to make the easy money.
Again, welcome back! Good luck. Don't get caught.
LOL. Busted.
wow what a thread.
Mr CON-way in prison; and now back into trading. Hopefully, Mr CON-way learned some trading lessons about the risks associated to conning.
... just shows that the guy did not learn his trading lessons when it was cheap to learn these. Now paying jail years as a lesson from not learning to cut losses, to respect risk. Obviously, should he have cut losses, respected risk, he would never have felt the need to start lieing and con-niving.
So : no short cuts in trading. Better learn the lessons
in a cheap way.
Mr CON-way in prison; and now back into trading. Hopefully, Mr CON-way learned some trading lessons about the risks associated to conning.
... just shows that the guy did not learn his trading lessons when it was cheap to learn these. Now paying jail years as a lesson from not learning to cut losses, to respect risk. Obviously, should he have cut losses, respected risk, he would never have felt the need to start lieing and con-niving.
So : no short cuts in trading. Better learn the lessons
in a cheap way.
