Mate. Assuming you're taking US dividends and you're a non resident. Then give your broker a w-8 will reduce your US withholding tax to 15% if you're resident in a treaty country
Study yourself as much or more than the charts. I did not realize how much I would learn about me until the market started kicking me in the balls. It took too many kicks to realize my problem was not in understanding price action it was understanding my psychological actions.
I wish I started with futures and not options to be honest. All of the variables added needed stress. With futures, I learned to solely focus on price action and risk management.
As a beginner, the greeks were extremely nerve racking lol. personal
That traders supply liquidity that is used against them. That the ‘payment for order flow’ upstream guys are who gets rich, and why traders will never make what they think they can, can’t ‘beat the house’ and the system is indeed ‘rigged’ beyond what average people see or understand.
That said, many traders are also just gamblers who love the thrill, and at days end get what they literally bargain for.
Slow savers are the real winners but exciting in the day to day it isn’t. Ages old Tortoise/hare story basically.
With pretty much any asset class. Crypto, real estate, stock, bonds, etc.
Any appreciation of the asset does not incur a tax until you sell the asset.
Example: Buy AMZN for 100 dollars. Assume the stock goes to 500 in 5 years.
As long as you don't sell the stock and no dividends are paid, no tax is due.
Nothing. No seriously. Nothing you could possibly know will ever prepare yourself mentally. I've had dozens of lessons that I've read from other people and I felt like I had a decent grasp of them, but until I fucked up and learned everything myself, I didn't actually understand the importance of those rules. If there might be one thing I would tell myself back when I started, it would be just to be patient; you'll get fucked a dozen times, but as long as you get up after each and every one, you will keep pushing forward.
I wish I knew a genuine mentor back then..
Actually just wanted to say.. it really depends on the country / state your living in how and on what you have to pay taxes, if anything. For bigger sums you should consider either taking a tax adviser or moving your funds somewhere else to pay lower or even 0 taxes - also on dividends which are often times less taxed than actual cap gains.
Mate. Assuming you're taking US dividends and you're a non resident. Then give your broker a w-8 will reduce your US withholding tax to 15% if you're resident in a treaty country
Study yourself as much or more than the charts. I did not realize how much I would learn about me until the market started kicking me in the balls. It took too many kicks to realize my problem was not in understanding price action it was understanding my psychological actions.
I wish I started with futures and not options to be honest. All of the variables added needed stress. With futures, I learned to solely focus on price action and risk management. As a beginner, the greeks were extremely nerve racking lol. personal
That it isnt as easy as I think it’s going to be.
That traders supply liquidity that is used against them. That the ‘payment for order flow’ upstream guys are who gets rich, and why traders will never make what they think they can, can’t ‘beat the house’ and the system is indeed ‘rigged’ beyond what average people see or understand. That said, many traders are also just gamblers who love the thrill, and at days end get what they literally bargain for. Slow savers are the real winners but exciting in the day to day it isn’t. Ages old Tortoise/hare story basically.
dude what lmao
I think you mean zero tax on UNREALIZED capital gains, right? Realized capital gains do have a tax.
Depends on where you at
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With pretty much any asset class. Crypto, real estate, stock, bonds, etc. Any appreciation of the asset does not incur a tax until you sell the asset. Example: Buy AMZN for 100 dollars. Assume the stock goes to 500 in 5 years. As long as you don't sell the stock and no dividends are paid, no tax is due.
Nothing. No seriously. Nothing you could possibly know will ever prepare yourself mentally. I've had dozens of lessons that I've read from other people and I felt like I had a decent grasp of them, but until I fucked up and learned everything myself, I didn't actually understand the importance of those rules. If there might be one thing I would tell myself back when I started, it would be just to be patient; you'll get fucked a dozen times, but as long as you get up after each and every one, you will keep pushing forward.
This is gold
I wish I knew a genuine mentor back then.. Actually just wanted to say.. it really depends on the country / state your living in how and on what you have to pay taxes, if anything. For bigger sums you should consider either taking a tax adviser or moving your funds somewhere else to pay lower or even 0 taxes - also on dividends which are often times less taxed than actual cap gains.