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When you take big risks at 20 years old and lose everything, you lose thousands. It isn't so bad because you can still find a stable job and recover from the loss. When you take big risks at 70 years old and lose everything, you lose millions. To make matters worse, at that age, you're probably...

The answer is obvious. If your trading capital is not sufficient to make a living, then don't quit your job. Continue working at your job to build up the capital first. The right questions to ask is ... if you hate your job so much that you are willing to do day trading when it is not even...

luisHK, 30% witholding tax apply for U.S stocks on U.S exchanges but don't apply to ADRs. No 30% withholding tax for BABA. Otherwise, Jack Ma would not have listed his company in U.S. It will be very dumb of him to be taxed 30% to collect dividends from his own company.

It's not about U.S investors or Asian investors. Any retail investor with access to both U.S and HK stock markets will choose U.S markets to avoid paying 0.1% stamp fee to the Hong Kong government. Why throw your money away on stamp fees to the HK government? I believe even HKers themselves will...

Hong Kong is not a competitive stock market compared to U.S for retail investors. If I can buy AliBaba on U.S exchange with zero financial transaction tax, why buy the same AliBaba on Hong Kong Stock exchange which charges 0.1% stamp fee? Why pay the stamp fees unnecessarily? Brokerage fees for...

Futures are regulated and are more transparent. CFDs are not regulated, higher risk of getting screwed by brokers. Risk of getting screwed by CFD brokers is particularly high if brokers are on the opposite side of the trade and don't do enough hedging. CFD brokers using DMA (direct market...

End of day only. No intraday. Are you keen on EOD data? If you know of good ones, let me know.

As a subscriber of metastock Datalink Asian data, I am not able to download end-of-day data for most Asian stocks(China, Japan ...) today 12Jun2019. Anyone encountered the same problem? Checking to see if it's my computer problem or the data provider's problem.

Suppose you have 2 trading strategies which give you a positive edge today to make money. One day eventually, they will lose their edge but you don't know when. Strategy 1 ---------- Slightly above 50% win-rate. When you win, you win 1R. When you lose, you lose 1R, unless some accident happens...

Good point. Liquidity mismatch is one of the risk management mistakes he made. I wonder if he breached certain rules regarding the maximum percentage that unlisted assets can occupy in his portfolio. He can be sued by clients unless the fund prospectus clearly state the risk faced by clients...

Neil Woodford was regarded as a superstar value investor money manager in UK. He had nicknames like Oracle of Oxford, Warren Buffett of UK. Today, these nicknames is an insult to the real Warren Buffett because he suspended redemptions and denied investors return of their money. Failed money...

For full-time traders, there seems to be some worry in saying one is a self-employed trader. If that's the case, I guess they can simply say they are self-employed freelancers in some creative arts or write software instead even though they may spend more time on managing their money.

Are there any advantages in telling the broker that one trades for a living full-time?

I thought there is a trade agreement between U.S and Mexico called NAFTA? What's the point of having a trade agreement when one side can arbitrarily impose tariffs? Does this trade agreement carry no legal effect? Wouldn't U.S lose trust among friends and potential friends? Who will dare do...

Can't access the news. Any alternative link to read about the news? I tried google but cannot find.

What do you use MongoDB for? Most people I know still use relational databases like MySQL or Oracle.

This is terrible. Utterly bad timing. Having highest level of equity exposure near market peaks. https://city.wsj.com/articles/6acdd08c-8f2a-4fdc-89fa-61a5719fa8ec Key Facts Computer-driven volatility-targeting funds generally scoop up riskier assets like stocks during calmer periods. When...

This is terrible. Utterly bad timing. Having highest level of equity exposure near market peaks. https://city.wsj.com/articles/6acdd08c-8f2a-4fdc-89fa-61a5719fa8ec Key Facts Computer-driven volatility-targeting funds generally scoop up riskier assets like stocks during calmer periods. When...

Thanks for your reminder about CFDs being bucket shops. Fortunately, there are CFDs who uses DMA(Direct Market Access) model. These aren't bucket shops. I use IBKR CFDs because they use DMA, if I have to trade CFDs.

Most people prefer to make money and be happy about it. Making money when people fight with each other is an evil way to make money. If you really do become a successful lawyer, you may regret it. LOL.