Going full time.
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peterb1129
- Posts: 25
- Joined: Sat Dec 24, 2016 4:56 pm
I envisage this will be directed more towards the full time traders in the forum, however, when taking the plunge to go full time, how does it actually work on the other side in regards to your job title? Is It unemployed? Self employed trader? Do you have to declare your yearly profit and loss to HMRC? It would be good to know as many facts as possible, sorry if this is to personal of a question. Thank you.
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jamesedwards
- Posts: 4347
- Joined: Wed Nov 21, 2018 6:16 pm
Here's a couple of previous threads on this:
viewtopic.php?f=2&t=19828&hilit=hmrc
viewtopic.php?f=2&t=17880
viewtopic.php?f=2&t=19828&hilit=hmrc
viewtopic.php?f=2&t=17880
You can pick and choose whatever title you want, but as far as the outside world is concerned for the most part you're just a very lucky gambling degenerate
And if you have all of the credibility in the world and are a licensed trading software vendor with a big social media presence then you're probably a scammer as well!
One should never run out of titles Derek, my latest one is a self-employed memer with a trading hobby on the side.
Full time trading has its perks and it does pay the bills much better compared to my old day job as a full time professional procrastinator, but it's nowhere near as fun and social!
If OP really wants to join this band of misfits he needs to stop being a normie and should embrace the stigma instead. I hope this clarifies the issue.
Fine, I'll let you borrow one of my old job titles if you completely ran out. How about Recreational Swinger?
You can't beat getting paid to have two-and-a-half-hour lunch breaks and then spend the afternoon sitting in front of a computer terminal too drunk to work.
