What can one lone trader at home achieve?

[vetran]

The guy's a one man band day trader, operating out of his spare bedroom. How can he have multi million admin costs and £2m on capex?

I'm doing something wrong, I just claim for train fare and a new lappy every couple of years ....

Its not like HMRC are going to chase him is it.

[DodgyAgent]

I was wondering if we agents could use a similar method for buying and selling contractors

[minestrone]

He is an inspiration to us all.

[tractor]

...

I was wondering if we agents could use a similar method for buying and selling contractors

Similar to what? Fraud?

[original PM]

yes and lets be honest none of the big companies ever manipulate the market to their own advantage...


oh hang on of course they f**king do.


Sorry but for me this guy was a bit dodgy and played it a bit smart

the only reason he is being pursued is because he made the big boys look stupid

shocking witch hunt imho

although obviously HMRC should be interested in where all the companies money has gone.

[SunnyInHades]

I do sometimes change my mind for legitimate reasons when trading..

"Spoofing .. The tactic was outlawed in the 2010 Dodd-Frank regulation, but, as with other forms of fraud, it's hard to prove the trader's intent – in this case, the intent to cancel the order. Prosecutors must prove the trader didn't change his or her mind for legitimate reasons after placing the trade."

[vetran]

I do sometimes change my mind for legitimate reasons when trading..

"Spoofing .. The tactic was outlawed in the 2010 Dodd-Frank regulation, but, as with other forms of fraud, it's hard to prove the trader's intent – in this case, the intent to cancel the order. Prosecutors must prove the trader didn't change his or her mind for legitimate reasons after placing the trade."

simple where it has occurred reverse any profitable trades by the trader on those stocks in the next 7 days.

[DodgyAgent]

Similar to what? Fraud?

You are a commodity so please do not answer back.

[BlasterBates]

I do sometimes change my mind for legitimate reasons when trading..

"Spoofing .. The tactic was outlawed in the 2010 Dodd-Frank regulation, but, as with other forms of fraud, it's hard to prove the trader's intent – in this case, the intent to cancel the order. Prosecutors must prove the trader didn't change his or her mind for legitimate reasons after placing the trade."

If the trader did change his mind for legitimate reasons then it should be easy enough to convince the judge, i.e. a cancelled order placed on behalf of a client, a price move (not to do with your "spoof").

If this isn't legitimate it's hard to think some logical reason up, especially when this is systematic. You won't be prosecuted because you cancelled one order.

You can't just say "it was legitimate m'lud" he wants to hear your reasoning. But if you're spoofing there probably won't be one. I mean if he can think up a good story and back it up with a bit of evidence then yes he gets off.

[BrilloPad]

Flash Crash trader Navinder Singh Sarao 'a prankster who always got away with it', friends say - Telegraph

On the one hand he is an idiot who deserves to go to the States. On the other hand the States misuse extradition treaties. I want both sides to lose!