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Check out the many posts by user metooxx on this subject. Apparently it is possible. The gist of it is to create an international corporate entity in which you convert trading profits into earned income. Next, you stay out of the US for a long enough period of time to qualify for the...

OK, only a couple of million more questions about J-Trader and I should be good to go: 1) What is the difference between a STOP and a STOP# order or a LIMIT vs LIMIT#, etc. What does the # signify? 2) In the DOME window, when displaying the T&S at right, is there a way to alternate colors...

OK so you are telling me that, in the absense of any other competing orders to remove liquidity, limit orders to sell below the best bid will get elected at the best bid and limit orders to buy above the best offer will get elected at the best offer......excellent and phew... not tradeable...

I'm in a trial evaluation of J-trader and I want to ask these questions: 1) When removing liquidity, is it the case that limit orders will never get price improvement (which is what I am observing with the demo)? Say I'm long 10 ES and want to sell them in a downdraft by placing a limit...

realize that, as the time value of your written calls bleeds away, and the next ex-dividend date approaches -- your stock may get called away before you get the dividend. did you consider that? you never want to write deeply itm calls against dividend-paying stock unless the time value of the...

another way to capture the dividend is to buy stock before the ex date and sell deeply in-the-money calls against it. you need calls that have some time value in them, i.e. you do not want to sell calls for less than parity with the expected drop in price of the stock. to do this you may have...

i understand that one can open a u.s.-based account as an offshore entity and that IB in particular accepts offshore entity accounts---however---there are issues of privacy that come into play. it may very well be that depositing funds in u.s. banks with u.s. brokers is the way to go (i simply...

btw i am fairly sure you need to be on the inside of some private outfit down there, negotiate commissions, use private, proprietary software, etc., to have any chance of trading profitably. you may not need the same licenses you need to prop trade in the u.s., but if you think you are going to...

i am talking about employment in the conventional sense, yes. if you wish to create a business that operates locally, i am sure there are many regulations to comply with. if you are trading from your home, however, i believe the thrust of your explanation to the bahamian authorities is simply...

kicking - i'm told it's not difficult as long as you are not asking for working privileges. you basically pay an annual fee for resident status w/o the right to work.

metooxx was kind enough to spend a little time on the phone with me the other day talking about the bahamas--- he's got a thick chi-caw-go accent, so he must be the real deal :). but seriously, he explained to me what's involved -- to summarize a few general points he talked about: - if your...

metooxx do you trade out of an office there with other traders or out of your home? i guess the other question i have is the most important -- where do you initiate inquiries? i imagine there are quite a few ways you can run into difficulties -- you must deal with reputable people and...

also it's not how much you make it's how much you keep. the u.s., state and local govts rip me off every which way they can. capital gains tax to the fed, capital gains to the state and yes even capital gains to the city/locality. oh yeah my property taxes are > 5k/ yr and climbing. this...

i dont have to worry because i can use the same broker or because foreign brokers have good tools? hey, i like thinkorswim.

ok, then only deal-blower would be the foreign brokerage's computing tools. i mean, if i have to totally get used to some other platform that may be much worse then you risk losing your edge.

is the offshore entity that i enter into an employment relationship with controlled by me, i.e. is it my entity, or am i partnering with strangers? i mean, i might trust a major bank offshore, a foreign brokerage much less so and a foreign company -- not at all. sounds like attorneys are...

metooxx please elaborate a little... do you need an offshore company and an offshore broker or just an offshore company and your us broker? do most us brokers accept foreign corporate accounts? i mean suppose you like and trust your particular (remote, online, daytrading) broker and would...

i thought it was more involved. even the irs exemption on the first 80,000 a us citizen earns overseas/offshore would not include unearned income, right? so, capital gains are fully taxable whereever you are in the world. that would indicate to me that you need to use some sort of int'l...

i find it hard to believe that all i have to do is park my ass in the bahamas and login to my accounts in the us. there's got to be a catch somewhere -- perhaps on the bahamas side with visas and length of stay restrictions? bluehorseshoe do you still love anacott steel? the wee one :p

hey question for the offshore experts. if i trade as an individual from my home in the us and move to the bahamas --- do i have to convert my individual accounts with us addresses into bahamian-based custodial accounts (with bahamian brokers) to enjoy the foreign-earned income exemption? Or...