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  1. P

    Best Country for Trading (Tax efficiency)

    What about Czech? I believe they have 15% flat rate and you can deduct a big lump sum for costs (I think 30% or 40%). That is pretty good. I have no idea about social taxes though. Or do you want to completely avoid taxes?
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    Niederhoffer thinks "follow the trend" sucks

    Hi, no more questions from me, fellow traders. The reason I insist on shorter time frames is that I want to turn my capital many times because I have found some good strategies. They simply make more money than longer term things like 6-12 months. I suggest we stop here, at least I will :)...
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    Niederhoffer thinks "follow the trend" sucks

    You are trading "trend" discretionary. I'm talking about "scientifically" proven strategies. Completely different. I'm open to any strategy that can provide me money, I'm a greedy person, but so far I have not found anything worthwile for shorter time periods (for "trends"). Sure, I can put up...
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    Niederhoffer thinks "follow the trend" sucks

    Within a time from of one month, I have yet to find a mechanical method that consistently (over a period of 5 years) is better than going against the previous period. Please prove me wrong by showing a strategy that is not based on subjective criteria. Surf is the only one speaking common sense...
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    Niederhoffer thinks "follow the trend" sucks

    This discussion is anyway futile, unless we agree on what is a trend and what is not....
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    Niederhoffer thinks "follow the trend" sucks

    I'm not saying it can't be done. But I'm a mechanical trader, not discreationary, and I have yet to find a mechanical system that works well in stocks. Of course I see stocks just going up or down all day, but I test mechanically and for me it has been impossible to find anything that works...
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    Niederhoffer thinks "follow the trend" sucks

    I have been trading full time for over 20 years. I only trade stocks. All my trading is based on mechanical strategies. So far I have not traded one strategy I would call "trend following". Perhaps it's something wrong with me, but I believe tradeable trends are very hard to find in stocks. But...
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    Niederhoffer thinks "follow the trend" sucks

    I must confess I only read the first 3 pages and skipped the rest after the usual arguments started. I, for one, regard Niederhoffer almost as a hero. I was a non performing trader for a decade. After reading Niederhoffer's first book, I finally managed to jump into the markets in a systematic...
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    Best Country for Trading (Tax efficiency)

    Not sure where to move. I'm Norwegian, but not moving there. Need to find a place where I can learn the language, have a decent life and with acceptable tax rate. Of all the places I have been to it's Malta, Uruguay and New Zealand that is most tempting. I want to live in a small country. I'm...
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    Best Country for Trading (Tax efficiency)

    I don't speak Latvian (can only read some), but can manage with a limited Russian if I have to. I basically speak only English here. All young people speak very good English, but of course those over 35 don't speak much English. I'll probably move in late 2016, so hence no point in putting in a...
  11. P

    Best Country for Trading (Tax efficiency)

    Thanks for answer. That's what I wanted to know.
  12. P

    Best Country for Trading (Tax efficiency)

    What is your problem? I'm living in Latvia and have no desire to leave. I'm just curious if anyone knows if this new Portugese tax scheme actually has attracted any new tax payers.
  13. P

    Best Country for Trading (Tax efficiency)

    I repeat my question: Does anyone have any knowledge about the popularity of these new rules? How many people live in Portugal seeking "shelter" in these rules? And to I am nobody: I'm not stupid and can handle my own tax issues, thanks.
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    Best Country for Trading (Tax efficiency)

    Does anyone have any knowledge about the popularity of these new rules? How many people live in Portugal seeking "shelter" in these rules?
  15. P

    Best Country for Trading (Tax efficiency)

    I reside in Latvia. Here you can make a zillion trades through a limited company, pay zero tax as long as the shares of the company is not from a low tax country (typical tax haven), pay yourself a minimum salary, and take out dividend and pay 10% tax on that. Completely legal. Lots of...
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    Best Country for Trading (Tax efficiency)

    To I am nobody: sometimes even the simplest concepts can be hard too grasp. Some countries do not care what you do offshore (outside your country of residency). Of course, do a due diligence beforehand.
  17. P

    Best Country for Trading (Tax efficiency)

    Every country has its tax loopholes, also Norway. Norway is very nice for capitalists having capital gains and dividend from EU/EEA. No tax at all in a limited liability company, only dividend tax when you pay yourself a dividend many years later. Of course there is exchange of information...
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    Best Country for Trading (Tax efficiency)

    When someone has in writing that Belgian tax authorities have accepted that someone is not liable to Belgian taxes, and at the same time Maltese authorities says a person is a non domiciled tax resident, I would assume this is pretty legal. This is the same as in the UK. Why is a high tax...
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    Best Country for Trading (Tax efficiency)

    As far as I understand you are regarded as non-domicile in Malta if you are a foreign citizen and didn't grew up there. Perhaps I'm mixing definitions here, but I personally know 3 people who have lived on Malta for years and only get taxed on what they remit. Of course, I do believe they never...
  20. P

    Best Country for Trading (Tax efficiency)

    As far as I can see neither Malta nor Uruguay is mentioned. Both countries only tax what you remit to the country (as non domiciled), and remitted capital is only taxed at 15% and 12% respectively. Same with UK. Lots of opportunities for living in good places with moderate tax burden for those...
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