Is it illegal to paper trade inside information?
Starting as a FT analyst soon in an M&A group. I was just wondering if I could get in trouble for paper trading inside info on my Ameritrade app. I don’t use Ameritrade anymore for live trading though since they’re making me transfer.
I was just wondering if I could do this for shits and giggles.
You're not actually buying and selling securities so there isn't any legal issue here in the eyes of the SEC. Whether or not your firm has internal policies is another matter.
LMFAO
I would use another app. Maybe investopedia or something
I agree. even with paper trading, your SSN is still on your account.
Do it and tell us
lmfao some of these posts legitimately put a huge smile on my face
XDDDD
Are you retarded?
Will definitely SB once you confirm that name is ironic
stocks only go up
probably the most wholesome question ever asked on WSO
what would be the point? You know how the stock's going to move, and you're not going to make any money off of it? Is it for bragging rights later? Very confused. Is the info visible to anyone else or only yourself? IF it's visible to anyone other than yourself don't risk it.
If you care about investing then this would be a good exercise in understanding tail risk. In a best case scenario you papertrade some stocks and send snaps to your friends of your paper gains for a laugh. Great.
But now let’s look at the tail risk. This somehow comes on the radar of compliance, either it leaks or perhaps the SEC/banks monitors paper trading for people testing out insider trading strategies (I have no idea), and you now have to explain that you wanted to ‘insider trade for fun’. Good luck with that conversation.
Risk adjusted reward is a key concept here as well my man. Those few laughs aren’t worth even a 1% chance of nuking your career with this firm.
Exactly, not to mention even if you're "insider trading for fun" there's plausible ways it can be seen in a really bad light. Someone could and honestly would do this then give a friend access to the account so they could copy the trades.
Another risk is that somehow the paper trades are discoverable or non private in some manner and someone replicates the trades. Just bad optics all around
So you can get some practice in before actually starting insider trading yeh?
bill tsai returns will the sec capture him or has he brought his knowledge of stern ethics to outsmart the cucks, find out next time on insider trading
OP do you also worry about getting charged for rape whenever you rub one out?
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