i got play forex before la.

Too stressful. To me, this makes more sense because of something I'm very familiar with the "Martingale strategy".

dollar cost averaging is a strategy that cannot lose, if you have unlimited funding.

There are settings on these bots that can fully cover a 100% drop in value. And what is the likelihood that a coin will lose all of its value overnight?

Quite low.

The bots are also working best during high volatility markets but there are methods and strategy to also make profit from low volatile markets. And even those red bags you are holding, can be turned into profit. So there are multiple strategies and settings that you can use to make $$.

After seeing what others have achieved, I believe my $100 per day target can be done.

Afaik (but don’t quote me on this), what matters is from where you are operating/trading (where the majority of the decisions are made when deriving the income).

So even if you are say a SG PR but is operating in Malaysia when deriving the income, you are subject to the taxes in Malaysia.

It is not as simple as just choosing which country to pay tax as Liamness claimed when you have SG PR (although it does not matter in his case since capital gains tax is not taxable in both SG and Msia). But then the high frequency of trading would mean that his gains are considered as income which would be taxed normally.

So to answer your question, daily trading = income hence taxable. Holding gains = capital gains hence not taxable.

i used to dabble in mining too. Problem with mining is expected down time and you may need to actively manage it to ensure everything is running smoothly.

There are alot of educational youtube videos out there on this.

This guy is made 100k profit in 8 months. His capital was 30k.



Just like me, after testing the waters and learning for 1 month, he slowly started to increase his capital.

I sharing for knowledge purposes and awareness only la. It's up to ktards to do their own homework to see if want to play or not. 

Just curious

Are you aware of the amount of tax that luno charges when withdrawing to MYR

Im not adverse to paying tax or brokerage fees of the sort, just trying to gauge what the minimum would be to make even

i got play forex before la.

Too stressful. To me, this makes more sense because of something I'm very familiar with the "Martingale strategy".

dollar cost averaging is a strategy that cannot lose, if you have unlimited funding.

There are settings on these bots that can fully cover a 100% drop in value. And what is the likelihood that a coin will lose all of its value overnight?

Quite low.

The bots are also working best during high volatility markets but there are methods and strategy to also make profit from low volatile markets. And even those red bags you are holding, can be turned into profit. So there are multiple strategies and settings that you can use to make $$.

After seeing what others have achieved, I believe my $100 per day target can be done.

Unlimited double up, why not focus on long term investment? Or you just tangan gatal?

Not sure where you got this terminology from..

Trading isn't my full time job, and to me, it's just the same as capital gains. When I declare this income source, it's clear to me and the tax people that it coming from investment.

Understood, there is complication to day trading income then, just pay tax if necessary. Need to signup for CRS on SG bank side as well.

got la. I got play bursa and us stock markets too.    those buy and hold long term. No open see everyday too. haha.

Diversification yo! Road to retirement means you must keep on investing and ideally building multiple income streams. 

don't just be unker, rely on high flying corporate job. If you 45 year old suddenly made redundant, and you have high commitments. Die standing liao. 

invest whilst you still in your 20s & 30s. Then if reaching your 40s and you lose your job, you have passive income streams to lessen the burden

Is it only effective on Binance?Only worry about the SC try to cockblock binance.

Haha no offence bro I am just telling you and everyone else viewing this thread in case it comes back to bite you or them in the form of penalty.

Anyway I am not plucking it from nowhere.

https://www.theedgemarkets.com/article/thew...-need-pay-taxes

"The profits made by individuals who occasionally trade cryptocurrencies or shares may be viewed as capital gains, which is not taxable in Malaysia. But the profits earned by individuals who trade frequently may be viewed as revenue and thus, deemed as taxable income."

Bot or not, it's highly likely to be considered as "frequently trading".

Singapore's stance is more lax on individuals I guess since they are more focused on companies who do the above.

https://www.iras.gov.sg/irashome/Businesses...Digital-Tokens/

https://www.iras.gov.sg/irashome/Businesses...nce-of-a-Trade/

But tbh if you are operating the bot/viewing the bot activities/managing the bot in Malaysia, you cannot declare it as Singapore income lol.

Good luck!
If you are currently in Malaysia, then you have to pay taxes in Malaysia. If you are currently in Singapore, then I guess it's more of a grey area, so as long as your day trading income is not your sole income and just side income, IRAS will just close on eye (I think).

Everyone is an investing genius during up trend.

how long has this bot been running ? just one month or the whole year lioa ?

because if just one month, currently crypto is bullish mode... so abit easier but if sudden plunge how ? has the bot tested with these ?

Past 1 month, I have been playing crypto investing using resident investment sifu PrincZe advise and finding.

You can read more of his methods here: https://forum.lowyat.net/topic/5142831/+0
So far, playing this give me a profits of below:



Current average daily profits: 25usd/day

personal capital invested: $4800usd.

monthly rate of return: 44%    However, this is during what I feel is an extended bull run. I don't expect this kind of returns on monthly basis.

income tax paid : $0. (I can claim as SG income, which is tax free on all capital gains. Then I remit to MYR, at small forex fee.
One of the ONLY benefits of being a Singapore PR..)

Best performing pair:

Alice/busd.



Ayam Plans and Objectives.

So my plan is to set an average return of 100usd a day.
Based on my research and calculations, I will need at least US$20k capital. Over next few months, I will slowly building up towards this. I got other investments too, so this is just for fun and source of passive income.

I will update here if ayam managed to achieve this goal in next few months. Wish me luck.

Also, If you are interested, you can AMA on how to get started with this and the current strats Ayam is using. Just be warn, it can be abit technical if you have not play any day trading or forex before. But it's super fun to learn and relatively safe la..


**Disclaimer**