Comments (30)

Jan 8, 2018

So beta!

    • 4
Best Response
Jan 9, 2018

Have you tried going to him, asking him questions, looking to see how you can add value to his operation? I know it's intimidating, but if you try to find some common ground (school, extracurriculars, current crypto events, etc) it makes it a lot easier to start a conversation. I know a lot of people say this, and it's perhaps a bit cliche, but I'd at least float the idea of working for free for a while. Eventually, if you work hard, it will pay off, I can assure you.

And don't feel bad about your current job looking bad - everyone's got to start somewhere, and at least with your background you have a bit of foundational knowledge that might prove useful in this space. Obviously, you'll have to do the legwork on your own, but at the least you should be able to pick up some basic principles before you get started.

You're lucky you're in this position, if you're successful and network your ass off, the exit opps could be excellent. Crypto trading desks will definitely be looking for someone with your sort of experience, and you'll have the benefit of some actual, real-world experience in the field, instead of the dead-end position you're currently in.

No need to thank me, just hope you take advantage of this massive opportunity. And good luck. Let us know how it goes.

"When you stop striving for perfection, you might as well be dead."

    • 26
Jan 10, 2018

Nice. Very well put response.

Jan 10, 2018

No. He's getting paid to support his boss, not trade for personal gain on company time. Tell him to shape up or ship out.

    • 1
Jan 10, 2018

Whoosh...

    • 3
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Jan 9, 2018

Is he Korean? If so, hand him your bonus. Not Korean? The arbitrage won't last long.

    • 2
Jan 9, 2018

Given the fees, volatility, and lag time in execution, are arbitrage opportunities in cryptos really that lucrative? Can you even lever up to make it worth it? Genuine question so someone with knowledge please respond.

Jan 12, 2018

Yes. I know of professionals doing this in platform-type hedge funds. Not a strict arb due to the time lag, but it generates legitimate alpha.

When futures first came out there was a decent "arb" between futures and spot as well highlighted by various sites. The arb closed fairly quickly. High IRR trade.

    • 1
Jan 9, 2018

if he gets his work done who cares. don't try to control someone's time if it's not affecting you. anyways... if you want to approach him don't be adversarial. 'hey man i love what you're doing and hope you're killing it and making fat stacks, i just don't want it to interfere with your job here. I also want to be on the lookout for you and if the MD sees you doing this you might get in trouble so just wanna make sure you don't get put in that tough spot. I'll let you know if anyone starts talking about it to me higher up, but I think in the meantime you should spend a little less time on it here at work.'

    • 2
Jan 10, 2018

Tell him to get his work done. Doesn't matter if he's doing crypto-trades or online shopping; if he's slacking it's an issue.

Jan 10, 2018
Managerette:

Tell him to get his work done. Doesn't matter if he's doing crypto-trades or online shopping; if he's slacking it's an issue.

This. Don't be so beta.

Jan 10, 2018

damn are you my manager? better get back to cranking out slides...

    • 2
Jan 10, 2018

If some tight-ass in management catches him they will inevitably ask why none of the associates said a thing about it.

I can only guess you aren't at a big firm or your his network privileges would have been suspended already.

Whether that is the case or not, as an associate you should remember that shit always runs downhill.

Jan 10, 2018

What are his returns like?

    • 1
Jan 10, 2018

shameless crypto currency plug... pump and dump, then gfy

Jan 12, 2018
Brosef Stalin17:

shameless crypto currency plug... pump and dump, then gfy

This.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jan 14, 2018

This.

Jan 14, 2018

IDK man maybe you should ask him if you can work for him at his new crypto desk -- he might pay you more than you're making now.

Jan 14, 2018

LOL - this is great. Ask him when XLM is going to moon.

Jan 14, 2018

ask him how you can get in on the trade as well, i would if hes making more money than you

Jan 14, 2018

As funny as it may sound, I have the exact same issue. Analyst trades crypto looks at coinmarketcap all day and does NOT get his shit done. Needless to say his performance review will be abysmal.

Not trying to be a dick to these kids but they should do these things in their free time, and particularly not at the expense of live deal situations. The kid adamantly says it's not being disruptive and yet not just me but a handful of his superiors have brought it up to this kid. He just doesn't listen and has this 'these guys don't get it' attitude.

Float like a butterfly, sting like the bee.

    • 1
Jan 14, 2018

You hiring? Not only can you remote mirror my monitor but I'll leave my cell phone in your desk drawer. Its 9:52 on a Sunday night but I can start tomorrow. Let me know.

Jan 15, 2018

I've been trading Crypto but if any of my superiors told me to stop i'd liquidate and uninstall the exchanges. not worth getting a bad review

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 1
Jan 16, 2018

Bold take but I say you blackmail him. 10% to stay quiet or you tell your bosses that he's been fucking off and doing all that on his own time.

Jan 16, 2018

OP Update

Hiring for analyst role. PM me for details.

    • 1
Jan 17, 2018

Make him your bitch and ask for a 20% "performance fee".

Jan 17, 2018

If his returns are bad, kneecap him. If his returns are good get him some P/L.

Jan 17, 2018
Comment
Mar 27, 2018