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Beautiful stats chart! Congrats and also thank you for running this journal -- I think I got good information regarding E2T from your journal where you and others discussed their rules. Your argument in favor of E2T over TST was quite convincing and in fact I started a Gauntlet for the first time (after dumping a lot of money with TST) just over a week ago and so far so good. You provided a good example as to how stats should look like for someone who wants to aim the best offer. I wish you the greatest success down the road with Helios.
The Live Sim is an interesting twist. Does that mean the first $5,000 is considered regular contractor income like TST, and then once you are with Helios whatever you make is then partnership income taxed at 40/60?
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but for non-US-resident aliens like yourself (and me), it makes no difference whether it's taxed as contractor vs 60/40 right?
for non-resident aliens like us, we just submit a W8-BEN which means w/e futures profits we receive from Earn2Trade, TST, OUT, etc. aren't taxed by the US. they're taxed at w/e rate our own country taxes for foreign income.
so that's why it would make no difference for you whether you start LIVE right away or start with LIVE SIM first?
There is a reason for me for why i would prefer to get the first 5K with E2T instead of with Helios.
I can't really go in to much detail, however if Ryan is unable to find a solution i will probably just start with Helios and skip the live sim.
Nicely done. I assume that means they have offered you the full 80% profit split? (Looking at their website it seems an offer has a potential range of 60 - 80%, if I understood it correctly).
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden