Over the last 6 months I’ve been looking closely at some trading opportunities
With leverage
It’s speculative
High-risk
And something to only consider with a small allocation
But it’s been fun
Lots of dead-ends
Not enough time to truly concentrate on bringing it to life
Anyways, q1 this year I am going to make it happen
Woodhouse Trading Pty Ltd
Initial entry looks to be Bitcoin futures
But I also like the covered calls strategy people talk about such as
@Caleb Gregory
The hardest part has been the borrowing. How to do a director loan with Bitcoin, without a taxable gain on your personal account
Co-mingling funds or transfer of ownership in small print is a risk from the ATO taxation lens of capital disposal
You don’t want to get that wrong
Indeed get bespoke tax advice
Anyways, I am looking at this as a way to “get my money to work for me”
Bitcoin already does this ofc, but this is a potential angle to earn “yield”
Position sizing is key to minimise risk. Whilst counter-party choice of trading exchange is also important
Lots to learn
Could be the digital equivalent of passive income akin to real estate investment, but more sovereign, decentralised, with better capital growth potential, and better property rights
💪🏻
