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So...does it happen, that people give up of their US citizenship ?

OK, so what`s the US interest to let foreigners trade in US markets ? Liquidity ?

okwon, thx for insights. So, you say that foreign location can give you some tax break or no matter where you are, your tax dues will be about the same (more or less)?

OK, but if your income comes from trading in US ? Does Uncle Sam taxes you even when you live in Cayman Islands ?

So what is the legal situation when you`re out of the country and trading from off-shore location ? Do you owe any taxes to anybody ? How about dividends and others ?

Has anybody found any tax difference in trading as US citizen vs. non-resident in US markets ? Any opinions greatly appreciated.

Agree. Again, diversification works.

prox, I have no any bad experience with them but if you check ET`s brokers` page you may find some complains. Obviously, it`s absolutely understandable that you can`t hire army of people answering calls with such low commissions. On the other hand such low commissions give many individual...

I actually know them. I think Striker is quite good especially for system traders. Thx.

Easy to say when everything goes smoothly. I don`t know how long is your experience, but through the years I`ve had some exciting situations. Then time of reaching your broker on the phone may be critical.

Sounds interesting. Thx, Jerry.

...which means looking for some more expensive service than IB, with better customer support while low commissions are still important. I don`t need very fast execution, while I don`t daytrade. Mostly stocks and options. Any opinions greatly appreciated.

Because...you are so good with ES that you need nothing else:D But, please consider the fact, that some other humble traders must push things harder:)

Agree, many traders trade in many areas, also using complex (i.e. futures - options) strategies. Even spreads or pairs don`t exactly fall in equity category, do they ?

There is no easy answer to this question and I would not recommend any mechanical approach to this concept. In fact managing losses seem to be ironically easier to manage then open profits. Try to calculate profits as multiplier of volatility i.e. average true range. You should get your results...

Looks good to me. BTW can I ask about your opinion on Mr. Van Tharp`s "Trading Your Way etc ..." ?

richtrader, absolutely right, how about sizing ? I know many traders increase their positions after losing trades corresponding with average losers of the backtested system.

"The worse case is that all trades , winners or losers,ARE RANDOM.If that's the case ,there is no difference between starting after a positive or negative streak [...] The big question is if the system will continue working.I've done tons of research on that and have not found anything that...

Depends what you do. My average is 3-2 weeks since I use complex strategy which puts me into shorts. If your question is about losing value due to time decay the fastest goes from about 4 weeks before expiration.

DD distribution and modelling is IMHO the most important aspect of trading. Well done tells you when to stop. There are some rules coming mostly from undestanding whole process of trading but there is no rule of thumb, just general tips.