Is Darwinia useful for traders to focus on?

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TrungLN

Active member
162 239
here in southern Germany (east excl.) you need atleast 2k per month. Even then, those 2k are taxed at about 35%
In VietNam, I can live well with 1k$.
300$ for apartment renting
300$ for food (good food/meal)
Still remain 400$ for entertaining.
11% is income tax.
The living cost in VietNam quite cheap comparing with yours.
 
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TrungLN

Active member
162 239
As comment of @ASGTrade , I completely agreed.
Darwinia is still good and is a great hope for retailed traders without big capital.
Here, it also is a place for new traders to focus, to practice, to be consistent in trading and develop their own strategy.
 

TrungLN

Active member
162 239
To be honest I thought it was even cheaper.
By the way now you need to trade at least 4k to trade to gather significant allocations. :)
Actually, I'm affordable for 10k$. Just, as I said, transfer money to outside VietNam is very complicated. Forex trading is illegal here.
Currently, I can only deposit with visa card. And, when Dscore reaches 60, I will do it.
 

Sterso7

Junior member
42 69
In VietNam, I can live well with 1k$.
300$ for apartment renting
300$ for food (good food/meal)
Still remain 400$ for entertaining.
11% is income tax.
The living cost in VietNam quite cheap comparing with yours.
for $300 you wouldn't even get a room here. It's about €15-50 per square meter living space here. So rent starts mostly at about €500 outside of citys and goes up very fast in Urban areas. Food is very cheap in germany, probably the cheapst country on the continent, so similar to your 300 quid. But taxes and scoial programs are very high. If you're earning about 4k before TAX & Social deductions after tax would be 2,5k so about 40%.
Taxes on Trading and Dividenden Income is 25% fix. But the SPD (left wing socialist party) passed a law on loss restrictions, where you now can only deduct a maximum of €10.000 per year of Trading loss with winnings. So for example if
I where to gross 30k and lose 40k within a year from Trading, due to the new law, I would have to pay taxes on 30k although I had a net loss of 10k. I would have to pay 7,5k in Taxes, its basically a Trading embargo. The bigger the numbers get the more abusred it gets. :LOL:(y)
 
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Gargamel

Active member
188 361
If you're going to be trading anyways, may as well have a little bonus dream. It's free extra bonus money you wouldn't have if you traded elsewhere.
That is a good point,but treat Darwinia as windfall and concentrate on real money/investors.Darwinia allocation is limited to 6 months and capped at 500k.
The disastrous state of collective AuM will not stay forever if you traders offer good stuff to investors,especially institutionalsWhat is good stuff?Well,it isn't 20%DD and it isn't 10% DD in one month.There is plenty of opportunities elsewhere where they can enjoy 20% DD and they will not allocate their money to Darwinex for that.
Once in a while Darwinex bosses did something smart:lowered risk in darwins.Take advantage of that.
There must be a group of investible darwins to make broad portfolios for institutionals.They are not going to invest into individual darwins or small portfolio of darwins because most of darwins have no hedges in place.They are horror stories for institutionals.
With high return you will attract dumb money.Smart money is preoccupied with risk.
There is not even 35 mil.AuM right now.Most of that money belongs to traders and their friends/relatives.If you continue chasing max.Return it will stay the same.
 
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CavaliereVerde

Established member
757 1,096
With high return you will attract dumb money.Smart money is preoccupied with risk.
The problem is that there is no smart money...
Darwinia demo money is smarter than the average investor.
90% of investors are a herd of brianless cows moving from the previous Grail to the next.
There are 30 smart investors in 600.
 
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CavaliereVerde

Established member
757 1,096
There are no 50 investable darwins, theare are 10 smart darwins for 30 smart investors. :ROFLMAO: :ROFLMAO:

By the way that is science fiction, I prefer to speak about real darwinia vs real investors.
 

CavaliereVerde

Established member
757 1,096
I dont' know... that is the point...
JHU : 500k aum 60k allocation
Investors seem to be more impressed by Grail return than darwinia.
Darwinia rewards consistent trading while investors reward charlatans and manipulated return.
You stick to an old idea that darwinia pushes traders to overtrade, it is not so and I was allocated more than 10 times with LSC and more than 10 times with KVL .
You shared a useful list of failures, do you think that happened because of Darwinia?
There is no 10x AUM and neither 10x maturity of investors.
Unfortunatelly Darwinia is the only option for traders with a solid trackrecord but not a Grail to impress the crowd.

Just bumped into this guy ->https://www.darwinex.com/darwin/GXO
A honest trackrecord prized by darwinia and totally ignored by investors.
 
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