A Day Trader in United Arab Emirates, Dubai.

[johnkirstenn]

A lot of ET participants ask this question. Like if it was.
It tells a lot about the person asking it.
It's not important how much one is making today, or yesterday.
Trading (not investing!) is not about how much you do in one day.
It's how much you do in months/quarters.
Anyone can have bad and losing days, even month.
Yeah, I'm happy if I have a profitable day. But it's only a small part of being profitable.
Days become months, months become years.

You're as good as your last quarter they used to say on trading floors.
You can lose battles, but the goal is to win the war.

Man, I'm becoming emotional...

You're not wrong.

“Let not the wise boast of their wisdom or the strong boast of their strength or the rich boast of their riches," - Jeremiah 9:23

 

[SunTrader]

“Listen to what the market is saying about others, not what others are saying about the market.”

- Richard Wyckoff

 

[easymon1]

friends to share ideas with

Hey man, does this 'Rayner' article resonate with the way you want to trade?
https://www.elitetrader.com/et/thre...e-trading-capital.369707/page-15#post-5680593

 

[blink18]

I used to have a company visa a couple of months ago when I was still working.. Right now I'm on visit visa and thinking if I should just get a freelance or just get another job with time flexibility like a realtor.

Is it possible to get freelance permit (with no intention to freelance), just to get residence visa and trade as individual with your own funds?

 

[johnkirstenn]

Hey man, does this 'Rayner' article resonate with the way you want to trade?
https://www.elitetrader.com/et/thre...e-trading-capital.369707/page-15#post-5680593

Hey, sorry for late response.. I just have a couple more materials to look at before I can check this out. But I do know him and I think he's fine.

 

[johnkirstenn]

Is it possible to get freelance permit (with no intention to freelance), just to get residence visa and trade as individual with your own funds?

I encountered a lot of people who even start a company just to get the trade license making them eligible to acquire visas for the entire family.

 

[blink18]

@johnkirstenn are you trading through IB maybe? Are UAE residents accounts opened at US branch (IB LLC) or somewhere else (IBUK, IBIE, IBCE, IBHK...)?