HeavysetAphid59
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I understand what you are trying to say here, but it makes no sense to get yourself in trouble by using high leverage just because of tax, knowing fully well that you are in charge of your margin, and if you lose everything in the process, the government wouldn't reimburse you for your losses, so too much high leverage makes no sense to me no matter what. It definitely makes more sense to stay away from leverage if you have another way to benefit from the compounding effect. Most people rather prefer to change their tax residency than yoloing their income on leveraged bets. Not everyone has that option though. Some people are stuck in those shitty countries that tax unrealized gains and they have no other choice than to go big or go home. Soon the Netherlands will also join that shitty countries club since they recently passed the law on taxation of unrealized gains. It is becoming hard to follow the steps of good old warren b. This is not just fair to those people residing in those countries because I believe that the government will never compensate them for their losses, but will want to benefit from their winning, that's crazy actually, but regardless of that, I still think that as a right thinking person, your interest should come first, that's why they should not let that to spur them into using higher leverage that may be costly to them, whereby they lost all their margin in the process of using higher leverage. Trading with higher leverage can make a lot of money for you very fast, and it can also take a lot of money from you very fast, and the due to how volatile the market are this days, it's not logical to be trading with higher leverage if you want to stay long in the market.
I understand what you are trying to say here, but it makes no sense to get yourself in trouble by using high leverage just because of tax, knowing fully well that you are in charge of your margin, and if you lose everything in the process, the government wouldn't reimburse you for your losses, so too much high leverage makes no sense to me no matter what. It definitely makes more sense to stay away from leverage if you have another way to benefit from the compounding effect. Most people rather prefer to change their tax residency than yoloing their income on leveraged bets. Not everyone has that option though. Some people are stuck in those shitty countries that tax unrealized gains and they have no other choice than to go big or go home. Soon the Netherlands will also join that shitty countries club since they recently passed the law on taxation of unrealized gains. It is becoming hard to follow the steps of good old warren b. This is not just fair to those people residing in those countries because I believe that the government will never compensate them for their losses, but will want to benefit from their winning, that's crazy actually, but regardless of that, I still think that as a right thinking person, your interest should come first, that's why they should not let that to spur them into using higher leverage that may be costly to them, whereby they lost all their margin in the process of using higher leverage. Trading with higher leverage can make a lot of money for you very fast, and it can also take a lot of money from you very fast, and the due to how volatile the market are this days, it's not logical to be trading with higher leverage if you want to stay long in the market.
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Noitosfera(Guzz)
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I understand what you are trying to say here, but it makes no sense to get yourself in trouble by using high leverage just because of tax, knowing fully well that you are in charge of your margin, and if you lose everything in the process, the government wouldn't reimburse you for your losses, so too much high leverage makes no sense to me no matter what. It definitely makes more sense to stay away from leverage if you have another way to benefit from the compounding effect. Most people rather prefer to change their tax residency than yoloing their income on leveraged bets. Not everyone has that option though. Some people are stuck in those shitty countries that tax unrealized gains and they have no other choice than to go big or go home. Soon the Netherlands will also join that shitty countries club since they recently passed the law on taxation of unrealized gains. It is becoming hard to follow the steps of good old warren b. This is not just fair to those people residing in those countries because I believe that the government will never compensate them for their losses, but will want to benefit from their winning, that's crazy actually, but regardless of that, I still think that as a right thinking person, your interest should come first, that's why they should not let that to spur them into using higher leverage that may be costly to them, whereby they lost all their margin in the process of using higher leverage. Trading with higher leverage can make a lot of money for you very fast, and it can also take a lot of money from you very fast, and the due to how volatile the market are this days, it's not logical to be trading with higher leverage if you want to stay long in the market.
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darkiziinh0o
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I understand what you are trying to say here, but it makes no sense to get yourself in trouble by using high leverage just because of tax, knowing fully well that you are in charge of your margin, and if you lose everything in the process, the government wouldn't reimburse you for your losses, so too much high leverage makes no sense to me no matter what. It definitely makes more sense to stay away from leverage if you have another way to benefit from the compounding effect. Most people rather prefer to change their tax residency than yoloing their income on leveraged bets. Not everyone has that option though. Some people are stuck in those shitty countries that tax unrealized gains and they have no other choice than to go big or go home. Soon the Netherlands will also join that shitty countries club since they recently passed the law on taxation of unrealized gains. It is becoming hard to follow the steps of good old warren b. This is not just fair to those people residing in those countries because I believe that the government will never compensate them for their losses, but will want to benefit from their winning, that's crazy actually, but regardless of that, I still think that as a right thinking person, your interest should come first, that's why they should not let that to spur them into using higher leverage that may be costly to them, whereby they lost all their margin in the process of using higher leverage. Trading with higher leverage can make a lot of money for you very fast, and it can also take a lot of money from you very fast, and the due to how volatile the market are this days, it's not logical to be trading with higher leverage if you want to stay long in the market.
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by 605 people