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In 2021, day trading in Germany will be dead

  • #241
  • Feb 9, 2020 3:14pm Feb 9, 2020 3:14pm
Quoting mankindeg
{quote} True. We here are a bit smarter. And even if trading for some of us never works out, we atleast learn a lot about the markets and finances. Trading isn't the only thing right? Atleast for me personally, I also invest in index funds and other stuff. I don't rely on the state too much.
Trading doesn't work out for everyone usually because the system doesn't meet the expectation of the trader so he quits using it. I did that a few times I think that a good system doesn't work for a trader because he did not give the system the chance it deserves usually because of impatience, not following the rules of the system or the trader making new rules. One of my friend has 3 rules for trading: Patience, patience and more patience You are totally correct trading isn't everything but since I don't trust stock markets, especially these days with its high valuation, I prefer investing in physical assets such as real estate and in the company of a member of my family.
  • #242
  • Feb 9, 2020 3:21pm Feb 9, 2020 3:21pm
No wonder Olaf Scholz is trying to get more sources of taxation even if they don't make sense to us traders. This is because German firms don't make as much profits as in the past due to a large decline in factory orders since 2017. Less factory orders = less business profits = less business taxes I hope the economy will improve.
Attached Image (click to enlarge)
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  • #243
  • Feb 9, 2020 4:35pm Feb 9, 2020 4:35pm
Quoting Hutch
No wonder Olaf Scholz is trying to get more sources of taxation even if they don't make sense to us traders. This is because German firms don't make as much profits as in the past due to a large decline in factory orders since 2017. Less factory orders = less business profits = less business taxes I hope the economy will improve. {image}
Not only that Germany is spending around 100 billion + per year on refugees that don't want to work
  • #244
  • Feb 15, 2020 1:49pm Feb 15, 2020 1:49pm
Godmode hat eine Petition gestartet:

https://www.godmode-trader.de/analys...rrsinn,8115567

Ist zumindest mal ein Schritt.
  • #245
  • Mar 1, 2020 8:17am Mar 1, 2020 8:17am
Another petition...

https://www.change.org/p/bundesregie...ktur-estg-2021
  • #246
  • Mar 1, 2020 9:36am Mar 1, 2020 9:36am
Quoting Baboonic
{quote} Not only that Germany is spending around 100 billion + per year on refugees that don't want to work
.........and there's a lot more coming your way my friend now turkey has opened the border to try and flush them into europe!
  • #247
  • Mar 1, 2020 12:06pm Mar 1, 2020 12:06pm
Quoting chipsngravey
{quote} .........and there's a lot more coming your way my friend now turkey has opened the border to try and flush them into europe!
Europe already sent hundreds of millions of € to Turkey to take care of migrants and now Erdogan is breaking the agreement and try to pressure Europe probably to get more money to fight his unjustified war with Syria
  • #248
  • Mar 2, 2020 12:25pm Mar 2, 2020 12:25pm
Quoting mselvi
Try this EA weekly 10% and max DD 20% all time {file}
its expired

Not working Please Post Thats working ...
Thanks
  • #249
  • Mar 3, 2020 7:28am Mar 3, 2020 7:28am
Quoting Hutch
{quote} Europe already sent hundreds of millions of € to Turkey to take care of migrants and now Erdogan is breaking the agreement and try to pressure Europe probably to get more money to fight his unjustified war with Syria
to be precise, we sent billions. btw, great action from greece and superb statement from mitsotakis.
fortis fortuna adiuvat
  • #250
  • Mar 4, 2020 5:45pm Mar 4, 2020 5:45pm
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  • #251
  • Mar 6, 2020 2:20pm Mar 6, 2020 2:20pm
Leftist governments are evil. They want people poor and dependent. This is only more proof. Any one with a brain can see that the entire point of the new tax law is to make trading entirely obsolete (a low cost barrier to creating additional sources of income).

I'd say if you are the kind of person who wants to restrict someones opportunity to earn additional income in a way that does not violate any one else's property rights, you are pure evil.

Germany is fucked anyway from the migration. I went there a couple years ago (not the first time I was there but it will be my last) and it was pretty bad. Ironically, the nicest parts were the concentration camp tours and the really small towns. The major cities were gross and dull. You wouldn't know you were germany unless you were at a concentration camp. Literally no national pride at all.

Prague was 10000000x better than anywhere I went in Germany. Extremely beautiful. Tons of national pride and religious pride. Large disdain for leftist governments. It was nice.

It will most likely become a failed state in 10-15 years if they don't leave the EU, cut out all the unlimited welfare + unlimited migration bullshit and start focusing on equal opportunity instead of equal outcomes.
  • #252
  • Edited 2:55pm Mar 6, 2020 2:41pm | Edited 2:55pm
Quoting StormpikeT
Leftist governments are evil. They want people poor and dependent. This is only more proof. Any one with a brain can see that the entire point of the new tax law is to make trading entirely obsolete (a low cost barrier to creating additional sources of income). I'd say if you are the kind of person who wants to restrict someones opportunity to earn additional income in a way that does not violate any one else's property rights, you are pure evil. Germany is fucked anyway from the migration. I went there a couple years ago (not the first time I was...
You are right. If the many thousands people in turkey make on the way to europe (what do you think they want reach?), we also near the collapse. But look what is going on in german poltic discussions, free speek is tollerate as long you say nothing against the migration and other critical things. Very fast they label people bad misleading if you point these things out.
They want most of the people are poor and let them as much money as living need. The most do not get this, as long as the entertainment is stable. This system is really great constructed to make people here blind.

We can not take all people from country who are bombed.

Edit:
It is not possible to mix cultures to the end. If you will a clue how this turn to a disaster, go to the big cities like cologne, dortmund and so on.
Perfection is the enemy of good enough!
  • #253
  • Mar 6, 2020 2:42pm Mar 6, 2020 2:42pm
Quoting StormpikeT
Leftist governments are evil. They want people poor and dependent. This is only more proof. Any one with a brain can see that the entire point of the new tax law is to make trading entirely obsolete (a low cost barrier to creating additional sources of income). I'd say if you are the kind of person who wants to restrict someones opportunity to earn additional income in a way that does not violate any one else's property rights, you are pure evil. Germany is fucked anyway from the migration. I went there a couple years ago (not the first time I was...
I'm a full time trader and left the US because of the taxing of capital gains from trading as normal income. Now I live much better because I live in a country that doesn't tax trading capital gains. The US also screwed traders with the CFTC/NFA introducing stupid rules such as no hedging, FIFO and banning US residents from trading outside the US. These rules are supposed to protect investors but, as we all know, they were made only to maximize the profits of trading firms.
  • #254
  • Mar 6, 2020 3:13pm Mar 6, 2020 3:13pm
Quoting Hutch
{quote} I'm a full time trader and left the US because of the taxing of capital gains from trading as normal income. Now I live much better because I live in a country that doesn't tax trading capital gains. The US also screwed traders with the CFTC/NFA introducing stupid rules such as no hedging, FIFO and banning US residents from trading outside the US. These rules are supposed to protect investors but, as we all know, they were made only to maximize the profits of trading firms.

I'm not against Taxation in general. I think taxation is needed, because of... roads and stuff.

Anyway, the leftists are always taking it a step too far. With the idea of the leftist in germany, taxation of over 100% is possible and that is definitely where I draw the line. Taxation is one thing, but taxation rates of over 100%? That's just stupid.
  • #255
  • Mar 6, 2020 4:08pm Mar 6, 2020 4:08pm
Quoting Hutch
{quote} I'm a full time trader and left the US because of the taxing of capital gains from trading as normal income. Now I live much better because I live in a country that doesn't tax trading capital gains. The US also screwed traders with the CFTC/NFA introducing stupid rules such as no hedging, FIFO and banning US residents from trading outside the US. These rules are supposed to protect investors but, as we all know, they were made only to maximize the profits of trading firms.
100% agree. Dodd-frank basically cut everyone off at the knee. Really sucked.
  • #256
  • Mar 6, 2020 4:11pm Mar 6, 2020 4:11pm
Quoting mankindeg
{quote} I'm not against Taxation in general. I think taxation is needed, because of... roads and stuff. Anyway, the leftists are always taking it a step too far. With the idea of the leftist in germany, taxation of over 100% is possible and that is definitely where I draw the line. Taxation is one thing, but taxation rates of over 100%? That's just stupid.
come on man! you really think people collectively wouldn’t be able to build a road without the government using guns to confiscate money from people?

I am happy to pay taxes. They just need to be extremely low.

During the peak of Rome you could pay your entire years worth of taxes in 12 working days.

Fast forward to modern America/Western World. 3-6 months of the year you are working just to pay the taxes.

it sucks. I don’t have a solution. I am just bitching haha
  • #257
  • Mar 6, 2020 4:16pm Mar 6, 2020 4:16pm
Quoting MichaelSch
{quote} You are right. If the many thousands people in turkey make on the way to europe (what do you think they want reach?), we also near the collapse. But look what is going on in german poltic discussions, free speek is tollerate as long you say nothing against the migration and other critical things. Very fast they label people bad misleading if you point these things out. They want most of the people are poor and let them as much money as living need. The most do not get this, as long as the entertainment is stable. This system is really great...
it is possible to mix cultures if they all have a relatively equal amount of in/out group preference.

It’s when you mix cultures like the west (not much in group preference at all) with cultures from the developing world (who often have extreme in group preferences, to the point that certain % of the countries population must remain that race/culture) that problems arise.


You can’t pass the ball to one group if they won’t ever pass it to another and only pass it to this amongst themselves.
  • #258
  • Edited 1:15pm Mar 8, 2020 10:09am | Edited 1:15pm
Quoting Hutch
{quote} I'm a full time trader and left the US because of the taxing of capital gains from trading as normal income. Now I live much better because I live in a country that doesn't tax trading capital gains. The US also screwed traders with the CFTC/NFA introducing stupid rules such as no hedging, FIFO and banning US residents from trading outside the US. These rules are supposed to protect investors but, as we all know, they were made only to maximize the profits of trading firms.
you now are living in China???
come on...for me the worst place to be..horrible...
and yes, i've visited China...
  • #259
  • Mar 9, 2020 5:13pm Mar 9, 2020 5:13pm
Quoting thevisitor
{quote} you now are living in China??? come on...for me the worst place to be..horrible... and yes, i've visited China...
Believe me there are many countries worse than China. From May to September I live in China and from October to April I live in Cyprus because it's too darn cold in winter in the Liaoning province. China is quite nice in summer and you can visit lots of places for cheap. It's also a good place to start if you want to visit other Asian countries without spending a lot on flights
  • #260
  • Edited 3:10am Mar 10, 2020 1:57am | Edited 3:10am
Quoting Hutch
{quote} Believe me there are many countries worse than China. From May to September I live in China and from October to April I live in Cyprus because it's too darn cold in winter in the Liaoning province. China is quite nice in summer and you can visit lots of places for cheap. It's also a good place to start if you want to visit other Asian countries without spending a lot on flights
Cyprus, interesting for tax purposes
Looking for opportunities because of the new trading tax in Germany from 2021.
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