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I might have been unclear but I am taking the risk of horrendous slippage into account. My point is that if you find yourself in the situation where price is moving sharply against you, you have the choice between : - exiting your position at the market because you are not in control anymore -...

This can backfire pretty badly. With a hard stop order (at the market) you can always decide to get back into the market if you think it is time to play the rebound. But if the market just keeps going and going in a runaway mode you are truly going to be decimated if you don't get out...

Haha, me too. "wait, where did I get filled?..." That is a pretty unrealistic expectation. Most traders don't profit from trading price shocks and outliers. Some traders are really good at buying dips, or countertrend scalps, and if it works for them, they should keep doing it. On the other...

There is no tax treaty to avoid double taxation: https://www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties/in-force.html So basically you need to sever all ties with Canada that might give them a reason to argue that you are liable to tax : - no local accommodation (including...

I second that. Switzerland is the place to go if you want an amazing quality of life and are willing to pay for it ; you are not going to feel rich with a couple million in there.

Liquidity and solvency interact. For example liquidity from central banks avoided a solvency crisis and defaults from heavily indebted states in recent history. If interest rates are low enough and there is enough money willing to buy debt, you can keep anything solvent. Obviously you have to...

Would you mind explaining why you pay 0% on RUB deposits? Doesn't sound like market rates to me. Last time I checked Russian Central Bank interest rates were at 6,25%. Curious if it was 0 when the interest rates were at 15% a few years ago.

This thread has helped me a lot so I thought I would try to contribute to the best of my knowledge. The Baltic countries have already been mentioned here, I'll give some more details that I gathered. Estonia Trading in as a legal entity is still a compelling option with 20% CIT on distributed...