Its not hard to do 1billion $ worth of trades per year. (and yes that is per year). Many high end traders would do this easily if not more.
I am a daytrader. I day trade the blue chip using 2min charts and a trading system that I developed.
I do around $4mill a day, trading the likes of bhp, cba, wbc etc. Large amounts of $ for small returns over and over. Like hundreds of trades. THe profit margins are small though but they all add up to a decent wage. Playing the spreads its quiet simple.
My accountant is ultra conservative, and by the sounds of the feedback I shouldn't be just wearing the tax payments on the chin but like one posted above stated "it is my duty to minimise."
I Have an appointment with another accountant this week, but thought I would see what other high end traders setups are like. E.g do they use a trust, and pay income to sibblings.
Will continue to read around. Would like to prep myself before I put my trust in another "proffessional"
