after-tax profitsWas the profit of USD 200,000 before or after tax? And how much is the tax rate?
after-tax profitsWas the profit of USD 200,000 before or after tax? And how much is the tax rate?
My trading strategies belong in paragraphs. The market has no obvious direction right now, so I can't make money.Solution to Dilemma 1: Continue trading stocks. If you can't make money anymore, then you need to re-examine your trading strategies. It's perhaps time for you to modify your existing trading strategies or create entirely new ones.
Solution to Dilemma 2: If you are truly worried about the possible capital control measures in the future, then you need to make plans now to either get out of the country or get your funds out of the country but I do see the possibility of China forbidding trading of US stocks is very low.
Thank you everyone for your suggestions
I have a plan now:
1 Learn to trade futures. There are many types of futures, giving you more opportunities to place orders.
2. When the income from futures trading becomes stable, I will go to live in other countries.
3. If I fail in futures trading, which proves that my skills are not reliable, I will try to find another job.
If I guessed correctly, the guy's living in China right now. Do you know what's the women:men ratio in China? It's 1:20!! It means for every single single woman, there are twenty men graveling and will do whatever possible to get into her pants because rape is punishable by death in China. And for you to just ask for a woman's hand in marriage, according to this Youtube video that I watched, the man must have three basic assets of a house, a car and savings and/or at least a six-figure salary. Missing one of these three basic assets, the woman's family won't even allow you to see her, let alone marriage which makes me very suspicious of the OP's story and his authenticity. If he's 42 and people in China usually marry in their 20's that means he would've been married in the early 2000s. How could he have been married if he didn't even have a house?
Something does not add up...
I don’t do day trading, it’s very tiring and expensive.Welcome to futures trading.
Now you have to consider
swing or day trading.
Decide Which futures to trade :
Asian index futures
European index futures
US index futures
currency futures
Asian/European/US bonds
copper, crude oil, gold, NG ...futures
food / agriculture (grains, animals, rubber, palm oil ....) futures
Also, decide which sessions to trade:
Asian session
European session
US session
Start with OUTRIGHT trading, not SPREAD trading.
Anyway, you should be doing demo trading,
doing PLAYBACK on the chart,
before doing LIVE trading.
Good luck.
I don’t do day trading, it’s very tiring and expensive.
Can I ask you some questions?
1 I don't know now how to find all futures names
2 How do I know which futures are actively traded?
3. If I don’t do intraday trading, can I ignore the real-time trading period?
I want to use the simulated market first and trade for a month
I could go abroad and live as a tourist, or apply for a digital nomad visa.Yea F that, I'd split. like all things easier said than done...and from a different perspective. but In 40s you only have a few decades left to get "it"...opressive gov't is enough to leave on its own so this is a no brainer
so new plan @Randalli
Step 1: hurry up and figure out what country you want to go to...priority #1 is much better women:men ratio. find a place that has decent taxes (in all areas), can trade the US markets without restriction, cost of living preferably cheap, etc...
Step 2: acquire all that it would take to get there. Read the books, watch the videos, do the job, new identity, etc...lol.
Step 3: Go there, get busy.
Not going to be easy, it's simple to plan out but the process will be difficult, risky, stressful...
OK. So you plan to do swing trading.
In this small world,
There are millions of Futures to trade.
We have to make a selection.
Important Q :
Which sessions do u want to trade?
Asian?
European?
the US?
Which Exchanges do u want to trade?
Asian (eg Shanghai INE, Dalian, Hong Kong Futures Exchange, Singapore Exchange, Taiwan Exchange ....)
European (eg Eurex, ICE Europe, EEI ....)
US (eg CME, ICE US ....)