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One worst case is leaving US citizen, for the reason of high tax.

There were 400 years after stock market is open in Holland. If there is ONLY (at least) ONE person who attains annual 20% trading logic FOR THE 400 YEARS, then he (and his sons) has all asset OVER THE WORLD. Therefore there was NO TRADING LOGIC at all for the 400 years. However there was...

No one ever never say "I am stupid"

Stock market is zero-sum as most other capitalism tools are too. It is well-known that roughly 90% of traders will eventually losing in the long run, as most other countries are the same. It is similar to poker table and with tax+commission it is actually minus-sum game. Most frequent...

Exactly. With no more visit, specially Wall St, the above clip is enough for me.

Personally I went to NYC before many times, like liberty statue or Penn Station. However, back then before starting trading, no chance to stop in Wall St at all.

For the mid-town, see Appreciated to internet, for trading without going to NYC never ever. I guess money circulation in stock market might be doubled after appearance of internet.

Dear- I was planning to visit NYSE in Wall Street, as a casual trader. However after seeing I may not go there, to save several $K's.

Quite close to Brownian motion (Normal distribution) and also should see the Log-Normal since the market behaves under compounding process. Very very few are under compounding scheme in the world and most other area behaves under Euclidean ("simple" instead of "compounding"). Many reference...

I agree with K-Pia, more than Sergio. Stock market is NOT perfectly random. There is some tendency, however NOT MUCH. For explanation, I would say that 90% random and 10% causality. There will be lots of application of statistics, to stock market, specially in trading for profit. I don't care...

Specifically let's make examples. A) Annual (before expense) return is 30% (assured by his own discretion) and trade once every day B) Annual return is 20% and trade once every week. [Quiz] Which country is best for the two traders A) and B). Furthermore show me the border of the two...

So far 1) best country for the commission is probably US and IB/Robinhood 2) best country for incometax-wise is BVI/Monoco/MiddleEast 3) best country for tracsaction tax (with NO income tax) is probably China (not officially open to individual foreign traders yet), compared to UK and HK...

Furthermore, a good (profitable and safe in the long-run) trading logic is most likely "stationary".

Possibly close to complex system too.

Instead of CLT, possbly stock market is more related to Brownian motion.

I never heard Taleb. But during the last 400 years (after appearance of stock market in Netherland), I would say "There was NO person who attain annual 20 % compounded, for the last 400 years"

For study of CLT, I have Billingsley in my bookshelves. Which book do you have?

Hope to have a friend having peorsonal logic that "NEVER go broke, EVER"

I just mean that 10 pieces of portfolio (at one time) may NOT be enough to follow population (index change), at least 30 pieces might be preferable. Also, 3 years of return rate (profit curve) may be TOO short for any conclusion.... Prabably at least 10 years of return is meaningful(significant).

I feel K-Pia have studied Billingsley or Lehmann.