Search results

I am giving it a little bit more room, hard stop at 60 ticks now.

interesting you are trading longer time frames than when I traded gasoil. We were market making and occasionally took a directional bias, generally we were flat EOD. Energy is a great space to be in.

long Sep Dow 21567 30 tick stop, target new ATH minimum.

no FIFO

good post. What you write about Malta is what would concern me about trading from any country where they don't tax foreign sourced income. If you are sitting there making the trades from said country surely the local authorities have a good argument that your trading income is not foreign...

Yeah the words were strong but it is so frustrating what is happening in the UK. Personally I believe in small government and a small welfare state. If someone is badly disabled for example they should be fully looked after however we have a significant % of the population here who are out for...

Malta looks great. I just checked and you don't pay tax on foreign sourced income as long as you don't remit it to a Malta based bank account. That is sweet. I am sure people get inventive on ways to spend their foreign income in Malta without remitting it.

Yes likewise in the UK you can trade under a SIPP structure. You cannot access the fund until age 55 though and when you do access the fund a maximum 25% is tax free the remaining 75% is taxed as income.

yep agreed i do some spread betting as I have other non trading income but you get hammered on the spreads and charges. Also you can only feasibly trade outrights via spreadbetting, I do a lot of future spreading so it has to be DMA.

Good to see someone trading Gasoil spreads on ET. I used to trade further back in the curve where there is less volume and the algos were less interested in playing because they can't scale. Are you trading at a firm?

Can you add some more colour to 'quasi' tax free trading. I just want someone to tell me they made $100k trading futures and they paid absolutely zero tax, just so I have hope.

UK. Tell me someone is out there in Cayman living the dream.

Hi Is someone out there trading futures completely tax free? I am paying huge amounts of tax on all my income and I want to be cheered up by someone who is beating 'the system of tax slavery'. Please tell me there is someone out there who lives in a 0% tax country and pays zero tax on gains...

So you challenged me to post my fills a few pages ago presumably because you didn't believe me. I then posted the fills, I get silence. Now when I question your fills because I can't actually believe someone would add to a losing short 3 times at a new ATH you refuse to post your fills. I am...

he might be on to something after adding to his latest short loser at an all time high - you have to be shitting me. I track retail traders and would you believe retail increased their short Dow exposure from 81% to 83% in the last 72 hours lol. Retail loves to fade big multi year trends, that's...

there isn't one. no reason to be short and hasn't been for a long time.

nothing to show for it? I could post my fills in the last 2 weeks and confirm a healthy profit but I am not going to feed the trolls. I showed 2 fills because I was challenged to on both occasions but of course they were dismissed. Of course I wouldn't initiate a new long here that would be a...

I know you have been trading a long time mate, this call aside here is what i don't get. All the guys who have been in the game for a long time will understand this. When you get a trade or two wrong it is absolutely critical to keep a cool head and not quickly dive in to try and arm wrestle the...

hahaha. I love these straw man arguments. I have been warning people not to short all over these 'the top is in this time' threads. Now it has made another huge new ATH I am getting all the hate. I am now getting people saying a statement I posted could be faked and now you saying I seemed to...

A good point. The OP should be aware of the true nature of trading which is that it is a negative sum game (hopefully the trolls don't get triggered with me saying this). By definition anything that is widely known or widely accepted that is written in a book is likely to be self defeating...