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Nope, this simply means US transaction taxes will apply to non-US citizens also if they trade US securities elsewhere.

It is not possible. If it were possible, other nations would have already done it. What could have prevented them from doing so!? It is simply not logical to pay the US transaction taxes when you are trading foreign securities in another land. US jurisdiction is only limit to its borders...

Agree. Speculation is the heart and soul of capitalism. Taking that away, you will have an economy like Cuba where doctors, cleaners, accountants, cooks, engineers, cleaners and textile factory workers make the same salary. USA no doubt is heading that direction.

In 2007, China imposed a 0.3% stamp tax on stock purchase. Its stock market shrank 50% afterward. In Sweden, 60% trade volume were gone after the government imposed a transaction tax. Their markets had not recovered until the taxes were scraped. If US did the same thing, its stock market...

They can’t unless US is in control of all foreign exchanges and brokerage firms, which is impossible. As long as there is one foreign firm/exchange not under the US jurisdiction, traders will get away from it. That is why Pelosi wants unilateral transaction tax across nations.

The majority of small retail daytraders maybe go bye-bye to US industry, but not other exchanges around the world. There are numerous studies on the effect of transaction tax on daytraders in various countries. All studies show daytraders will simply move their operations overseas to where no...

You are right!

Yup! In India, you pay .10% tax for each stock transaction (sale or purchase). There is also a .01% transaction tax on the sale of derivative.

FYI. Purchase/sale of securities in India is 0.10%.

Warren Buffett doesn't use stop-losses, but he is not a trader.

Maybe this book will help you out. The Complete Guide to Option Selling, Second Edition by James Cordier http://www.amazon.com/Complete-Guide-Option-Selling-Second/dp/0071622373/ref=pd_sim_b_5

Actually NYC is packed with European tourists. They come here to take advantage of serious weaken US currency. It is kind of annoying seeing them clog up everywhere in Manhattan.

Three guys in NYC I know got laid last month. One is architect. Other two are software developers. My other friends own product distribution companies in NJ are not doing well also. They have been bleeding since last year.

Probably the safest bet is either buy antiques or invest in real estate. If you are sharp enough, you can easily double your money in 7 years. Despite the housing depression, the home values around my area still move up 15% this year. :D :cool:

The Swedish government did that directly on brokers. Taiwanese and Indian government do that on brokers as well.

Small Investors Make Big Bets on Currencies By JEFF D. OPDYKE The dollar is zigzagging, falling below the 90 yen mark Friday and testing the depths it plumbed against the euro a year ago. That kind of action is music to the ears of investors such as Ray Firetag. As most of America slept...

Yeah, just tell them you are a professional gambler. They will be intrigued and awed. Most people I met think professional gamblers have a very glamorous life akin to movie stars.

My friend is an elementary teacher in NYC. He has a master degree and 11 year experiences rather. He is making well over $80,000 now. Thanks to Mike Bloomberg. He just gets another 8% salary increase this year.

Dude, get a degree in Pharmacy. You will be making tons of money couple of years from now.

SUNY Stony Brook's computer science program is widely recognized as one of the best in the nation. Major Wall Street firms does recruit its computer science graduates heavily. If he got a GPA 3.7 in computer science from SUNY Stoney Brook University, he would not have problems getting an entry...