It's not "since no one is trying to sell you anything here". It's IF they are not trying to sell you anything.
Traders that lie about their income
- Thread starter Hotrocks
- Start date
It's not "since no one is trying to sell you anything here". It's IF they are not trying to sell you anything.
Despite I think as trader you need to be honest yourself, when you work as trader in a bank, you do not need want to have extra stress. Also when you are self-employed or independent trader, most people around him or surrounding him cannot get that PnL volatility or simply do not understand it, so a soft lie about trading income can avoid discussions or familiar problems. So quite understandable. As long as the trader is profitable longterm, that should not be any problem then.
Naked puts are not a good idea at any skill level. Most option strategies are defined risk so not a lot can go wrong..especially with the built in risk management brokers have. You can lose just as much money just as fast trading regular stocks. Btw if you've never been quizzed the questions are things like "what's a call option"...and "what is a spread" lol...have you ever tried to describe what a spread is with words? If they really cared they would require a course...but they don't...they are only covering their asses legally.
It's pretty much one big shit show anyway... I just found the pnl chart on my broker's platform was giving erroneous results...it's been out a year or more and nobody noticed lol.
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I'm not sure how it works in the US but typically you don't get to just say you made no money lol when there is a huge paper trail with your broker showing every single pnl on each and every trade.
"Taxes are like drugs, you pay them once you pay them forever.."
Stay away from drugs! They fund wars
Common reporting standard CRS. All sales, dividends and account balance are reported to the OECD annually and globally since 2017. Tax authorities then access the data for $73.
You are correct of course but sadly wars would happen anyway at least while scarcity still exist and even if that were magically solved some a****** would inevitably want to go to war anyway for whatever bizarre reason this whole Ukraine thing is absolutely f****** bizarre this dude's literally sending all these idiots to the meat grinder to achieve some supposed purpose it's crazy
