What is allowed to do on this visa? Can I do 5-6 trades per day? No day trading but buy some sell other etc. Have you talked to a lawyer? How many trades per day, per week are allowed? How many trades do you do per day? (A Trade is either buying or selling. So if you buy X and Y, sell Z. These will be 3 trades) Please choose your closest option.
Unlimited. Passive income is totally fine
Are you sure? Because I am reading it at multiple places where it says it should be passive and should not interfere with day job. So more trades would mean it's not passive etc. It's very subjective and hence I am confused. Thanks for your input though.
Unlimited
Are you sure? Because I am reading it at multiple places where it says it should be passive and should not interfere with day job. So more trades would mean it's not passive etc. It's very subjective and hence I am confused. Thanks for your input though.
Good work Facebook
Was on F1, then OPT, now H1B. As far as I know, there's no limit. You just file the 1099-B taxes and you're golden
unlimited. i have a 25KUSD pattern day trading account w/ tradestation when i was on h1b. i just declare my earnings/losses at end of the year together with my W2. i now have my gc and i stopped day trading. back then i had 30-50 trades per week
USCIS likely had no way to know you were doing that, but if they did know they might have had a problem with it. Specifically if it counted as active participation as opposed to passive investment. Anyway, not clear how they would ever know.
Curious to know why you quit. Was it not profitable ? Or it was stressful
Wow, the amount of misinformation here is insane. Anything over 3 trades a week will flag your brokerage account as a "day trading" account. For the average US citizen, this is a non issue because it only really means that he/she would have to pay more taxes. For an immigrant however, it can be interpreted in a different way. While the SEC doesn't really bother reporting day trading immigrants, you're probably fine but if the USCIS audits you, you'll be on the next flight back to your home country (or jail and then on a flight). This is not really "passive" income if you're actively spending time in doing this. H1b is all about intent.
not really flag, more of you can't execute trades anymore. it's the limit of your account. in tradestation the entry level account is 5KUSD which has that weekly limit. once you reach that limit your only option is to go back to simulated mode (but still live data) and paper trade.
@Dr Root, that wasn’t the question and any day tracer already knows about the 25k limit. That’s a consumer protection rule that has nothing to do with immigration.
Unlimited are allowed if you’re trading your own money
Are you sure? Because I am reading it at multiple places where it says it should be passive and should not interfere with day job. So more trades would mean it's not passive etc. It's very subjective and hence I am confused. Thanks for your input though.
Completely sure. Trading your own money on the stock market isn’t a job. You can’t trade other people’s money for a personal profit.