Search results

After trading equities for a living for 5 years I am still clueless about what scalping actually is or how people actually make money trading index futures. Hopefully I'll figure it one day.

That is hilarious that they might compete with eachother. I don't know the answer to your question but I'm curious why you want to have two REL orders. Simplest answer would seem to be "don't do that then"? Just guessing here but I think chances that IB does something smart automatically for...

Typically cap gains are paid where you are resident, but US citizens are taxed on their worldwide income, so if you are american, IRS is going to take a piece of that. US capital gains are pretty low though so it's not that bad really.

You can pay yourself dividends from the company which get taxed in accordance with the laws of both countries, which generally means the higher of the two. So you can just pay yourself what you need to live (taxed at regular rates) while the company keeps compounding your big account with...

Accepting a gift as payment for service is not legal, however if you are family with the client you could probably get away with it, assuming it's not too obvious what's going on (not your only source of income, just a few lump sums). If you do this in any way that resembles professionally...

That is true, however SBD is only good up to $500K. After that you pay full corporate rates. Be very careful with cayman or any other tax haven. You will need to be able to prove upto a certain standard that the activity actually happens over there and not in Canada. Like I said if you just...

Something I don't understand about REL orders, maybe someone can explain this? from the description: For a buy order, your bid is pegged to the NBB by a more aggressive offset, and if the NBB moves up, your bid will also move up. If the NBB moves down, there will be no adjustment because your...

This makes little sense to me. Shorting at the ask in after hours, your chance of getting a fill is probably less than 0.01% in most stocks. That is the exact opposite of "getting in asap". Maybe you meant bid instead of ask? I don't think you understood REL orders correctly. The absolute cap...

I think what you can do is, set up a corporation in a tax haven such as cayman, estonia, ireland or hungary, hire some locals, rent an actual physical office so that it's all legit. A P.O. box only won't cut it these days as the CRA will pierce the corporate structure and tax you as if you were...

There are taxes on capital gains and taxes on income. Your first post isn't worded that clearly, what I understood is that you planned to have someone else's money transferred into your account in order to trade "on their behalf". In this scenario you will be personally taxed on any PnL that is...

No lawyer required, I can tell you if the money is transferred to your account, you definitely will be subject to Canadian tax. This is not a correct setup for trading on someone's behalf.

It's OK, you don't need to prove it to me. I already believe you that it can be an edge. You gave more proof than most on this forum ever would. I just need to create a backtest to confirm. What stocks I trade - I don't trade any specific tickers, I run an automated system that scans all stocks...

I believe that it could be an edge, but I will need to develop a backtest to confirm. Without testing, I suspect that this is a form of momentum that will only work in highly liquid factors, not alphas of individual stocks that tend to be mean reverting on most timescales. I expect that the...

I did not expect you to actually post anything. You did, and it even seems like it might be legit, so can I admit I was wrong. Cheers for that :) I think I will try to backtest something based on this once I get some futures data (currently I only trade equities and I don't think it would work...

"Interest Paid to You on Short Sale Proceeds Cash Balances" https://www.interactivebrokers.co.uk/en/index.php?f=39726&p=secfinancing https://ibkr.info/node/41

What on earth are you talking about, lol. How appropriate that Cramer is your avatar, you sound just like him.

What is the definition of winning here? A different trade regime will have winners and losers within both countries. The US economy will probably take less of a hit to GDP than China so on that US would win. In terms of geopolitics, I hear talk about trying to contain China, and the trade war...

Bull Crap. If you actually believe that revealing your edges won't kill them, then go ahead and post them on this forum. If you have any. I won't be holding my breath.

I've been having various issues related to the "resetting cycle" for a while. Every time one of these seemingly random issues appears, I create a ticket with IB, instead of solving my issue they just tell me I need to upgrade to the latest version of gateway and respond back if the problem still...

So because high networth individuals would kill for it, it couldn't possibly exist? Not sure I follow the logic there. From experience, 7+ sharpe is eminently doable if you trade with a high enough frequency (1000+ trades per day) with a decent edge. Such systems tend to be quite limited in...