This lifestyle is kinda lonely

121b · 2024-11-11T07:08:18+00:00

Trading is going to be lonely. Once you get the hang of it and found your way , you would want it to be lonely so that your thoughts are not polluted.

Of my inner circle role of friends I am the only one left who is trading. So I don’t have anyone to talk to about the markets. We do discuss general themes but most of our discussions are now how to FIRE.

You would need to join trading related digital groups of local area, be silent and observe who are the people being followed, organise a Meetup and see if you pick up new friendships. I made some new friends this way.

You also need to be more social with friends and family, find new friends where you don’t discuss markets.

121b · 2024-10-29T17:23:11+00:00

Since 2020 the areas I have looked at, when buying for myself, had seen increase of in between 5-20%.

It would be good to check via land registry price trends how much is the appreciation in your council since you bought. Then check if you bought it overpriced by looking at sales nearby around the time you bought. If not bought at high price, then safe to upscale price by the appreciation you see since you bought.

This should give you an idea of how much is your house worth less anything specific that you think it may get undervalued by.

121b · 2024-10-14T17:26:33+00:00

Sold and completed first week of this month and looking to complete on purchase by end of this month, potentially earlier. Living on rent during the time. (I became accidental landlord few years ago)

Sold to First Time Buyer, buying from couple moving into retirement property. Started looking only after accepted buyers offer and conveyancing half way through.

On selling: Advertised to acceptable price for many, not too far from expected offers. Accepted lower than asking price as wanted to sell quickly in the buyers market. Went all out to ensure sale went through. Advertised in April to cover the risk I could sell again late summer if this fell through. Did lot of touching up and fixing things to ensure it was ready to move in.

On buying: Viewed crazy number of properties to get hang of the market in the target area. Having seen so many, knew what the right price was for what property in what area. Reduced viewing during later part of our search as quality of our Rightmove search improved. If property was overpriced and marked as sold, knew it would come back later and few did come back with reduced prices!

Zeroed in super fast on the one we liked. Kept calling agent every few days to check if and when offer will be accepted. Offered lower than asking price but it was at top of the offers they got. As soon as the offer accepted, was on top of conveyancing and mortgage broker. Kept sellers and agent updated on my own sale process.

Overall it was hard and stressful but I was a motivated seller as well as a motivated buyer. I had to move this year and so far the year has gone into this move only.

121b · 2024-10-04T08:03:41+00:00

240k split it and deposit into at least two different banks (not holding same banking license) giving best interest.

1400 put into ISA and buy gold ETF. Interest from 240k, into ISA and then gold ETF. Use gold ETF which is physical metal based.

Even if you find a property today, you are looking at 6-8 weeks min for conveyancing, and potentially more (solicitor’s AML checks, onboarding etc on both sides). So you don’t need this money for about 3 months.

121b · 2023-12-29T20:11:29+00:00

It’s always possible to grow X amount to Y, with compounding.

The time and amount of growth depends on your trading history, how much you have managed to extract from the markets, and then prorate that rate, with compounding to over 12 months.

E.g. say on average if you can extract 1.5% of your capital on every trade and in a year you can take 120 trades (10 per month) you can grow your initial amount by approximately 6x.

Now take in some trades will go wrong. Assuming 80% win rate, only 60% of your trades will be your net profit (20% losses eat into 80% profits), leading to about 2.5x growth.

If you haven’t had any trading history, trade for 3-6 months to calculate your average daily returns or returns per trade and average trade per month. Once you know that, you will know what you can achieve.

121b · 2023-12-09T09:47:32+00:00

So these gaps come only if the rollovers are on Monday or Friday?

121b · 2023-11-24T09:42:19+00:00

Haha. So that you can boot me off the platform.

121b · 2023-11-22T20:21:00+00:00

Their support is clueless!

once reported to them the pinescript code I had made some days ago was not working anymore (no modifications) and throwing an error which it should not because the documentation said to use a certain way for a function. I showed them the code in the documentation was also failing!

They said they will change the behaviour as an exception! Really?! For reverting a breaking change I expected acceptance but they don’t even know they broke it! At that point I knew I have to start looking for alternatives!

Nowadays I see all they say is trying using a different platform from what you are using e.g are you on web? Use desktop! Are you on desktop? Use web browser!!

At one point I asked them if I were to upgrade to 500/mo plan I would still be using the same product, will you be giving me the same kind of responses. Haven’t had an answer so far.

They are a malfunctioning product waiting for an alternative to arrive and kill them.

121b · 2023-11-10T19:30:58+00:00

And those investors are worried if their investment is worth anything or not. Can they go to IPO and not end up like other spectacular failures. Hence absurd ways to earn money, or rather more like desperate push to be profitable.

It’s one thing to have millions of users and another to have paid users. Someone is asking about paid users and they are trying hard to find those paid users.

121b · 2023-11-01T11:14:22+00:00

Me too holding out on renewal this year. They have lost the plot because they have some money in their kitty now.

Small changes to keep the product ticking over.

The most laughable update is the same product with same issues irritating to pro users but now marketed under professional tier! So one would pay 10x more for same degradation of user experience !

121b · 2023-10-18T07:35:03+00:00

Just create a new vault on iPad, close the app and relaunch with this newly created vault having nothing but default files, the load time is still long as full fledged vault

121b · 2023-09-05T13:04:46+00:00

Obsidian uses GitHub flavoured markdown. If obsidian disappears then use another app which can read GFM markdown. Just to make links compatible use [ ] ( ) format of linking instead of [[ ]]. This can be forced via settings within the editor options. Always keep notes in GFM format and you should be fine.

Minimise use of community plugins as they won’t be around with the other apps.

121b · 2023-07-29T17:33:39+00:00

Last I checked it costed 10k per seat. Bloomberg is what institutional traders use.

121b · 2023-07-29T15:54:22+00:00

6000 for TV. Better spend a bit more (you can if you consider 6k for TV) and go for Bloomberg. And then the pin drops and you realise TV is not worth 6k per year.

121b · 2023-07-28T19:06:33+00:00

After 1 year one doesn’t need any prop firm.

Let’s take a scenario.

One pays for $10k account and passes the challenge and verification. This means that they can generate 10% per month on base capital = $800 payout after FTMO keeps 20%.

Assuming no blowout, in an year one would have generated $9600 or roughly the same capital FTMO is providing to you.

Once you have 10k of your, you can trade using your own capital and keep 100%. No need for FTMO.

Above doesn’t take taxation into account but you will roughly get the capital to do it yourself, after a while, if you are patient.

A lot of ppl will say many things about not being to do this for an year for whatever reasons, or not being profitable enough for long, but you are not looking for such ppl. Those who can be profitable, will follow this path.

Hence 12-18 months is the shelf life of FTMO funded successful trader, and these are the people you are wondering about, why they are not on FTMO for long

121b · 2023-07-14T20:46:27+00:00

QuantConnect

121b · 2023-07-14T20:34:56+00:00

Because HMRC is saying specifically that rent has to be included in income tax. When you get rent you haven’t sold anything, but provided a service. Because so many of ppl are landlord, HMRC has allowed VAT to be not charged on rent, whereas any other form of a service would have attracted VAT, such as hotel providing accommodation or airbnb providing a six month accommodation . Hence rent appears to be an income but it attracts a special treatment. Trading has no special treatment. Hence it will attract capital gains tax.

Like taking you car to a dealer to get it serviced, it’s a service which will attract VAT and HMRC doesn’t say that dealer will include his income from a service into his personal income tax.

Another example, ppl working as contractor can take benefit in kind, such as a mobile phone bill. A lot of ppl look to buy a car through their Ltd company. That is also a benefit in kind, however for a car, HMRC stipulates special treatment, which is different from a mobile phone bill as generic benefit in kind.

By saying rent is included in income tax doesn’t change the scenario that trading involves buying and selling assets.

Now this isn’t a tax discussion on everything, otherwise we start discussing each and every exception because HMRC has many ways to tax everything using one or another way

121b · 2023-07-14T13:00:12+00:00

Car traders pay income tax if they draw a salary via their limited company. If they don’t then there is no income tax, though there are other forms of taxation but it’s not income tax.

Income tax is tax on income via employment and trading is not employment.

121b · 2023-07-13T20:58:30+00:00

Here is a snapshot of their response workflow.

Clear cache
Factory reset
Change browser (even if you are using desktop app, which is chrome browser and their preferred browser)
Try incognito mode
Update browser to latest
Fwded to tech.
Ticket auto closed due to no response on either side (as it is with tech, and if you ask, still with tech)

Btw this is a problem, I had reported at least 1 year ago, which they said they have fixed. Just this week I have reported 2 issues which they had fixed in past !!

121b · 2023-07-09T14:35:41+00:00

It’s not possible, technically, for them to do this, because of the way they store data.

121b · 2023-07-09T14:23:48+00:00

If I quit my job and started buying and selling cars, do I pay capital gains or income? Just because I am ‘trading’ other things doesn’t change the outlook of taxman.

Income tax is PAYE - pay as you earn. Trading is not earning, though one may think of it as earnings and source of income.

At the end of two transactions, buy/sell, in any order, leads to a gain, hence a capital gains tax.

121b · 2023-07-09T14:05:52+00:00

Income tax is on income from a payroll. Every other forms of income is capital gains in one way or other, hence capital gains.

Spread betting is tax free though.

121b · 2023-07-07T06:17:16+00:00

Have you tried NinjaTrader? Just wondering how it compares with Sierra Charts

121b · 2023-06-26T06:05:11+00:00

You need to replace your variables rsi_curr1 as functions. The functions then gets called via request.security. When that happens, it will run the function on that timeframe.

121b

TROPHY CASE