I pay up to ca. 54% tax on prop firm income instead of only 25% tax on personal trading income here in Euro area. Second, if I loose any money until year end on personal I do not owe any taxes instead when I would use prop firms that income is taxable at the moment when I get the payout regardless when I could loose it later on trading. So there is higher tax rate and more risks involved on prop firms than just trading on personal. But this is country dependent and I am speaking only of Euro area. Please do not ask more here. I am not any tax advisor expert nor I do not want to reveal more info here what I do or not want to do. Thanks for understanding. And I cannot make more money on prop firms than what I could do on the hedge fund I am with, so no reason to do any prop firms from that point too.
so far today 5/24/23, i'm currently up $5.50 on door dash and $20,553 shorting the stonk market. how are u guys doing on this lovely day?
He has his own hedgefund; i.e. He trades his own money in his PA and likely his parents' in another (the fund).
Was there a zero too much there? Seems like an outlier profit compared to what you've posted earlier. Etiher way, nice job!
i surprise myself today...i think i'm gonna take tomorrow off from trading the stonk market. don't want to give back all those profit to mr. market...lol. did u made any trades today? i know u said u don't like to short futes. so i guess no trade for you today?
Could be a good idea. I always had my biggest losses following my best periods. 20K is a tremendous day. Congratulations. How many trades and average # of contracts per trade? NQ? ES? I have a day job, so I missed the morning sell-off. Got chopped up in all that noise, but captured the bulk of this late session rally, so it was a green day, although far from 20K. As for shorting, it's correct that it's not my preference, but I do short for sure and have taken many recently including today.
i guess a green day is a good day. i traded some cl, gc and es today. all 3 made a big ass move at some point today. what are the odds? traded these 3 today are like trading meme stonks like gme and amc a few years ago. wild time.
How would you compare/rate CL/GC versus say NQ? Feel free to answer in this thread instead: Which markets or instruments are you trading? | Page 2 | Elite Trader Back in the day when ES had extremely low volatility CL seemed to be very popular among day traders on ET. I'm more of a specialist with focus on ES, but I'm interested in adding a second market. It's quite possible I'll simply add NQ to the mix. Similar enough, yet different enough to make a difference. I can see myself both trading correlated positions, but also scalping NQ while holding ES for a larger swing.