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One more vague question: How much ball park would it cost to set up a corporation in cayman for example. Can a person just fly down and do the paperwork or would need 10-15K for a lawyer etc. Can the paperwork be done on the internet itself? also, being not too advanced in computer, how does...

Thx very much for the inputs. So you pay capital gains tax to Cayman Islands or US. Is capital gains tax rate in Cayman or other tax havens is nearly zero? https://tradingeconomics.com/cayman-islands/personal-income-tax-rate

Is there a time limit on this set up to avoid taxes or it can go on as long as corporation is active. Can the income be brought back into US or Canada and still be tax free. So basically rent an office and employ a computer literate guy and send the signals over a chat program to them to...

Am not sure about Canada, but US can avoid taxes by moving to off shore tax havens and even trading from accounts based there. Canada rules might be more conservative with time limits, again not sure, read this long time ago only.

Every profession would change personality and thinking process of the individuals. Trading should not be any different. Have heard of many elliot wave, harmonics, gann type guys bringing these theories into every step of the daily lives..........that's really changing the personality or...

While history backs this data but this strategy is equivalent to a knife fight in a dark room.

Have alo heard about news trading being easy and profitable. Never tried myself as volatility is wild and crazy. Statistically, it has been proven that more trading results in lower returns, especially when trading intraday.

Somewhere I read that algos/AI etc. are written by humans hence the human emotions still are at work albeit in an indirect manner. Also, more than 70% of trading in markets is NOW based on algos but we have not seen any failure of EW, Fibonacci principals etc. So these "natural laws" are not...

https://twitter.com/realDonaldTrump

No need to take a risk. Coming back to the topic, for lucky charms folks should try different things and stick with anything that clicks for them.

Looks good for a run upto 60s area.

Take this post off. Injecting water into veins can kill. Not everyone understands that you were joking.

You forgot one point the PR i.e. public relations. After intellectual horsepower, I think PR is the second most important variable.

One thing I would like to mention is that Harvard or IIT or Yale or Cambridge etc. are NO out of the world universities where some "alien" theories are taught. Basically what they do is take only "top of the top" students with proven excellence. Then they throw a good load of work on these...

To be honest, IIT students who have come through qualification exams are really "very smart" as entrance exams are very tough. However, IIT and other Indian education process is impractical IMHO. This is proven by the fact that most of the innovation in the world come from the west. Even...

With 10s of millions unemployed with decent skills, why does not India produce its own goods rather than importing $50B of Chinese crap each single year. When governments fail to plan and implement then results are those like India, Africa and other corrupt mixed economies around the world...

The question is where from here ?

One of the best for technical guys.

https://nomadcapitalist.com/2014/04/06/top-5-expat-friendly-countries-with-no-capital-gains-taxes/ Most of the countries on this list have very high cost of living. However, Malaysia or Belize in this list have NO capital gains taxes. Do not know about Belize but Malaysia has nominal per...

No jail term? guess the system encourages frauds and scammers to set up shops. Any stats on how much monies is recouped by the investors from such scams? Although Madoff's clients might get a big chunk back like around 60% or so.