Michael, Very true, however, one can avail oneself of so much more than is available to the general public. Best, Hardrock P.S. But, what do I know, I am just the general public as far as you are concerned, right?
There was a time when you could move profits from one year to another by putting on a straddle position say in silver and just before the end of the year liquidated which ever side that had a loss to offset trading profits you had taken during the year. If silver had been moving up then you would cover the short side of the straddle taking a loss. Establish a new short position in another month, then undo the straddle after Jan 1. IRS decided should be marked to the market, left everyone that was doing them with huge tax liabilities. Was not pretty. No one likes Bermuda? I thought tax laws were good there, golf courses are nice.
well, i remember you boasting on another thread how important each millisecond is to your style of trading. if that's true, then the answer to your question must be long island, because for each 300km you move away from the stock exchange you lose at least 1ms. that's the speed of light, you know. of course, you could setup proxy machines in the US... that's what we - being in europe - considered at one point. - jaan