Hmmm........ Not too sure I'd want to want to wade into that tub with the Bright brothers in it, bunch of babes notwithstanding even assuming they...
The stockcharts.com real time package is a bit of misnomer. The charts are not streaming charts, you update them by clicking your browser's...
It is an advantage -MTM converts capital gains and losses to ordinary gains and losses, so there is no limit on the amount of losses that can be...
The IRS depends mainly on case law to determine trader status. There are no specific rules laid out. However, the IRS website contains broad...
"That is what it boils down to. Can you perform under pressure? No amount of work will give you that. Very few people have that skill, very few....
I am skeptical about the 10 year period. It is the opinion of a single individual. To quote from the article: Simon coined a psychological law...
Not necessarily. This person says he will average 4 trades per month, 48 trades a year and make approximately $15,000 per annum which works out to...
The yearly statement will be acceptable if it contains all your trades and the profit or loss on each trade. The IRS prior to tax year 2005...
Too much data to be explained in a single post. You can go through the attached link for a detailed explanation and tax treatment:...
Don't hold your breath. After the NYSE goes fully electronic it will be very similar to the Nasdaq. There are very few edges to be had in this...
Effective tax year 2005, you just can't sum all your trades on line 1 but must also list each and every trade. Not only does the IRS care about...
Couldn't agree with you more. Look at what they are doing to the Nasdaq.
I don't agree First if he doesn't trade prop with $2,000 his maximum buying power will be $4,000 (2:1). This severely limits the quantity and...
All these posts are really funny. At the very least they make you laugh and make perfect sense compared to the run of the mill garbage and worse...
This is hilarious actually. The OP trades prop as I pointed out earlier.
All these are moot points as relating to the OP since he trades prop.
Meanwhile, I (not just me of course) am long on one trade from 3 weeks earlier and am ready to nail down profits You must be trading retail...
No, I wasn't referring to you.
Under the new IRS rules effective tax year 2005 all trades and the individual profit or loss on each trade will have to be reported to the IRS...
Separate names with a comma.