BTW, regarding an earlier post, professional traders do not pay social security on their earnings (capital gains). The exemption is stated in IRS Topic 429, which explains the rules for "professional trader" tax status: "Gains and losses from selling securities as part of a trading business are not subject to selfâemployment tax." It is also a common (and often expensive) misperception that you have to make all (or even most) of your income trading to elect trader tax status. Lots of people have other jobs and W-2 income, especially when starting out. You simply have to meet the criteria in IRS 429. Good Trading, Jessie