trading from work

[bill321]

hi all
would like to know if somebody is doing this. I work in IT department for financial company. My company has imposed a new policy of not allowing trading outside their own approved account.
problem with following there rule is
1. high transaction cost
2. limit for 30 days or 15 % value drop
3. get approval for each order.
4. can set stop loss.

i plan to only trade qqqq. i am thinking of opening a account on my spouses name and then trade.

even though they said all related accounts need to be disclosed i will like to go ahead and do this.

How many of you think it can create a problem. what are the chances my company can detect if i trade qqqq from my spouses account.

 

[nkhoi]

if you really work for IT department you should know how easy it is to track people activity on-line.

 

[Tuneman]

Quote from nkhoi:

if you really work for IT department you should know how easy it is to track people activity on-line.

wizdom

 

[rateesquad]

Quote from bill321:

hi all
would like to know if somebody is doing this. I work in IT department for financial company. My company has imposed a new policy of not allowing trading outside their own approved account.
problem with following there rule is
1. high transaction cost
2. limit for 30 days or 15 % value drop
3. get approval for each order.
4. can set stop loss.

i plan to only trade qqqq. i am thinking of opening a account on my spouses name and then trade.

even though they said all related accounts need to be disclosed i will like to go ahead and do this.

How many of you think it can create a problem. what are the chances my company can detect if i trade qqqq from my spouses account.

Bummer

 

[bill321]

i just monitor the market but i can call in or execute from my handheld.

i need to know if they search by my ssn and my spouses ssn on all the accounts in different brokerages.

do they provide a list to SEC and then then SEC will monitor the names.

i am wondering how this works.

there is no specific information with me which can be considered as insider trading.


any more comments..

 

[FullyArticulate]

And your boss wanders buy and fires you. Forget insider trading, violating your company's policy and getting canned should worry you more.

As added evidence--you're asking EliteTrader how likely it is for someone to catch you? Your risk management skills are pretty questionable.

 

[bill321]

i have done lot of research.
spent lot of time studying different analysis.
i dont intend to day trade but would like to enter trade and put proper stops.

i have spent well over 2years doing research. i fill very comfartable with my paper trades now.

 

[yip1997]

If you don't want to lose the job, don't take any chance. If you don't mind losing it, go ahead.

 

[bill321]

uptill now i haven't done... for last 1 year i am just doing paper trades. i am making sure when i switch my job i have enough talent to make money.
i plan to moveto california and trade early morning only.

any suggestion ...strategy for using rydex funds..there is no restriction forrydex funds