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Bet if they tried that against Liechtenstein they would get short shift
<p>There is a good book on all the offshore havens which is published in
Canada. I purchased it in the UK
<p>Investing Offshore
<br>Author Peter Sabourin (plus 2 others)
<p>Self-Council Press (offices in US and Canada)
<p>Probably get it through Amazon
<p>A good guide
<p>Doug
<p>Andrew Nopper wrote:
<blockquote TYPE=CITE><style></style>
<font face="Comic Sans MS"><font size=-1>Not
true Gram, unfortunately. A Caribbean registered subsidiary of the Bank
of Nova Scotia, Canada's 2nd largest bank, was forced to divulge information
recently on one of its corporate customers, despite that country's very
stringent secrecy laws.</font></font> <font face="Comic Sans MS">How was
it done? Well, a judge in New York just slapped a HUGE daily fine on a
U.S. subsidiary of the Canadian bank, until the offshore bank complied.
Unfair? Absolutely! Effective? For sure! Needless to say, the Bank of Nova
Scotia no longer accepts any U.S. customers throughout the Caribbean.Never
underestimate the power of the IRS and the U.S. government.</font> <font face="Comic Sans MS">Canadially
:)Andrew</font>
<blockquote
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<div style="FONT: 10pt arial">----- Original Message -----</div>
<div
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b>Gram</div>
<div style="FONT: 10pt arial"><b>To:</b> realtraders@xxxxxxxxxxxxxxx</div>
<div style="FONT: 10pt arial"><b>Sent:</b> Tuesday, April 04, 2000 9:56
AM</div>
<div style="FONT: 10pt arial"><b>Subject:</b> [RT] realtraders@xxxxxxxxxxxxxxx</div>
What is erroneous is the notion that the IRS (or anyone else) can stick
its
<br>nose, willy nilly, into the running of a company based in another country,
<br>especially if it is run in line with that country's laws.
<br> </blockquote>
</blockquote>
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</x-html>From ???@??? Wed Apr 05 07:28:49 2000
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Subject: [RT] Re: Advice: Draw-Downs for S&P Day Trading System
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Status:
Draw a graph of your P&L on a daily basis or weekly basis. The graph should look
just like the chart you are trading. when It is ratcheting up you are OK. When the
trend turns down. It should trigger a stop just like a trade. Exit everything and
step back and take a look at what you are doing and what has changed. Is it you or
your system?
nwinski wrote:
> Bob simms wrote:
>
> > I have had a similar problem with my system. It had a very bad week,
> > however, it kicked butt today:) My system depend on trends on the Spoos. I
> > am a new trader too.
> >
> > Bob,
>
> Don't mean to rain on your parade, but every veteran trader knows that big
> profits for a new
> trader are like free drinks at the casino in Vegas. If you find yourself
> annualizing one day's or one month's earnings, its time to take a vacation. This
> is a sign of overconfidence. "There is plenty of time
> for countin', when the dealings done".
>
> Best Wishes,
>
> Norman
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