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Should have been more specific that you had a 99.9% chance of winning $1001.01 and .001% chance of losing $1M. Do that a couple million times and you'll almost certainly end up a couple dollars ahead. But the fact it's a positive expected value doesn't make it something worth risking over say...

There are some rules around this too that can screw you up if you're not careful. Basically designed to prevent people from moving money into a retirement account with paired trades to take advantage of the tax shield. Otherwise you could trade with yourself on a wide bid/ask stock in your Roth...

Gotta be careful with the concept of expected value. If I told you that there was a contest where 999 out of 1000 draws would get you $1,001.01 and one would lose you $1,000,000 that would have a positive expected value, but most people wouldn't enter the contest.

Goldman isn't allowed to have any prop desks. They can cheat a little and make some directional bets thay are more shading than bets. But it's unclear to me how one would think they could cover up breaking the law to accumulate any meaningful position a small biotech firm?

It's an "over the counter" market, that's what OTC stands for. What "market", exactly, are you looking for "market access" to?

No great loss to anyone but the pump and dump crowd.

If you stop trading in Dec or Jan, assuming a Jan 1 to Dec 31 fiscal year the wash sale rule will have no tax implications for you. On a related note, most CPAs know FA about trading taxes. Fire yours and go with green trader tax or someone else who knows this space.

He obviously cares first about getting a visa to live and work in the U.S., which is non-trivial for many to get. Trading is just the vehicle to get the visa. To the OP, the word "trading" in that visa requires substantial trading with your home country, not trading commodities on the CME...

That's why I'm not in PE and have turned down PE offers to buy my company:) I think there's a significant difference between "looking forward" to huge crash that leads to a bunch of foreclosed houses, for example, and buying a house at a foreclosure auction and later selling and therefore...

That's an interesting assertion about trading. If you're talking about trader's lives, sucks for you but you signed up for it. If you're talking about the life of a guy trying to feed his family working at a regular 9-5, it's a pretty big and unsupported logical leap to decide that trading makes...

It's one thing to prepare one's self for potential downside events. It's quite another to "really look forward" to what would represent a huge amount of misery for a huge number of people. I don't know if your a sociopath or just mentally a big talking kid who doesn't grasp what they're saying?

The local bank in the U.S., particularly BofA, will always screw you on the exchange rate. And they're clueless about how to do it, so you have to waste 15 minutes while they fumble around acting like you're doing something crazy exotic just to get some Euros. BofA does have partner banks in...

I do every day!

As someone who has started two successful companies...indeed you didn't build that. I couldn't have built my companies in Somalia, for example, and neither could Bezos or Musk or Sergi and Brin. Add to that, if I hadn't won the genetic intelligence lottery and the "born on the right side of an...

I retired after serving more than 20 years and am in 8g, but Tricare for Life is a better deal anyway. The water at Camp Lejeune was a travesty, they knew about it for years and did nothing and it extended to base housing so it impacted everyone's kids as well. I think there was even a Feres...

Now's a great time for a vacation in Eastern Europe, just got back from there a few weeks ago. Almost no-one there, your choice of hotels or AirBnBs and since they're all empty at least for VRBO and AirBnB you can negotiate the price. You can justify the cost as a "fact finding mission";)

What does that even mean?

Very well could have; before whatever happened to you in the last few months happened I'd believe it. But at this point you really just need help, it's sad to watch whatever this is take you over.

If you make crypto owners criminals, then only criminals will own crypto....or something like that.

It's a pita to open an account, certainly not something that's reasonable to expect a dev to do unless they hold themselves out as an expert in that specific API. Good devs are in far greater demand than you think, which means you're wasting their time asking them to do non dev work and they can...