Recent content by fishtrader

We can't even use our trading platform on ipad. What's the deal?

I've read your trades for a couple of months now... keep up the good work!!

Agree with you 100,000,000%. Back test and see how many points you can gain for each month - and see for the whole year. Do it at least 2 years. If your back test works, then practice your mentallity.

Find a strategy then back test if for 6 months to 2 years. If it works then start paper trading on your brokers demo account for 1 month. Do it without emotion. The most important part is find a strategy that really works. Do that by back testing for at least 6 months. Doesn't matter...

So what's the difference if my last trade of the year is on Dec?? What if my last trade if the year is on July??? What makes it different? As I said, I trade BAC, RIMM everyday, same pattern (strategy) everyday.

Cool..! Got it...!!!

Thanks TakeAChance, My question is very straight forward with an example. All I need is a straight forward answer, either yes or no with a explanation. Which that is what you gave me. I've seen in another forum about this topic and there wasn't any clear answer at all. Just running...

Thks Bob, Appreciate that....

Thanks Free Thinker. Some months I trade so frequently. But at the end of the month I ended up making only less than 1 point. Think about it how frustrated it is. Sometimes I win 12 points and lose 11 points for that month, ended up making profit only 1 point. If I would have to pay tax...

Still confused. Ok lets make it plain and simple. Let's say for the whole year of 2010. I trade BAC for hundreds of trades, I made money on my wins = $100,000. I lose money on my loses = $40,000. So I finally made a profit...

SPRSTPD... Why only for December? I don't understand. But looks like I and my accountant don't really know anything about tax in this situation. http://www.elitetrader.com/vb/showthread.php?threadid=210387

I read that link. I'm glad that i'm wrong. I'm glad that my accountant is wrong and doesn't know anything. Think i'm gonna find a accountant who really knows clearly about tax for day traders. Still confused about taxes on my trades. I buy - sell, short - cover BAC and RIMM all day everyday...

SPRSPTD I can't stop trading the same stock for another 30 days. I use the same strategy everyday on the same stock (BAC, RIMM) I really wonder about other traders in here how they handle it. Because I gaurantee for sure that most of the traders do trade the same stock within +/- 30...

Just wanna share another topic on my experience. During the last 2 weeks I traded BAC for 80 trades (both enter and exit). I made a total of Wins $5880 Lost $2160 Overall I made $3720 My Commissions on bundled with IB was $1200 (80 trades x 3000 shares per trade (comm = 0.005))...