Recent content by OrderBlaster

Just curious. How would you rate/compare PhotonTrader to NinjaTrader?

You can always start with CQGTrader and see how you get on. If it meets your needs then it's an excellent platform reliability wise. One other factor is cost. My broker charges $0.50 more per round turn to use CQGTrader but then there is no platform fee. TradeMaven costs $50/month but then my...

I presume you are talking about CQGTrader? I've used it and it's a simple DOME interface. The biggest thing it has going for it is simplicity and excellent reliability. The downside is that it's quite limited in features. Order placement and manipulation is 100% manual. I just switched to the...

If the IRA custodian is not broker-affiliated then I see no reason why you couldn't have multiple brokerage accounts. For example, North Star Trust Company lets you open brokerage accounts with a ton of different brokers. You can hold your IRA investments in cash, a commodities account...

Who told you it wasn't OK? Seems to be enormous misinformation out there on this topic. I mean, has there EVER been a person who has had the tax-free or tax-deferred status of their IRA account called into question by the IRS, simply because they traded the account actively? Not to my knowledge.

My understanding is that (depending on the broker used), TradeMaven is available with one of three live datafeeds: - Best Direct - PATS - TransAct I posed the question once to the TradeMaven guys which datafeed they personally felt was the best (reliability, speed, etc.). But they were...

TradeMaven ButtonTrader Bracket-Trader Futures-Trader & others I have probably missed ...

Arrrrr ...ain't that sweet! You've traveled a "little bit" and hold in reverence the U.S. tax system? Where'd you go ...Nigeria? You wanna see a decent system? Try Switzerland. Low income tax and zero cap gains tax. Everywhere, clean and modern with low crime. Federal government irrelevant...

The Patriot Act was passed a few years ago and my British parents opened their account with Bank of America only about six months ago, so clearly it is still possible. I suspect that it depends on the situation with each "applicant". If you are overseas and the U.S. bank doesn't know you...

That's not true - yes they will. You just have to fill in a W8 or W8-BEN form as a foreigner which the bank will give you when you open the account. There is then no requirement to provide a social security number which a foreigner wouldn't be expected to have anyway. My retired British...

It's interesting to see the stats that relate to forums and threads etc., but my two cents is that any statistics about the posting of members should NOT be published. Why? Because too many people enjoy their celebrity status on this board, and too many posts are made just to keep up with the...

This is exactly what I'm beginning to think this is all about. The trader tax specialists are the ones saying that daytrading your IRA might be a problem - nobody else. Yet none of them have indicated any case precedent to back up their concerns. Seems to me that their concern stems not so much...

What you say makes complete sense to me. So I am perplexed why have we got TraderStatus on here (a specialist CPA on trader taxes) flagging this issue? And why is Greentrader, another trader tax specialist, flagging this issue on one of their web pages? That is what concerns me! Failing a clear...

Traderstatus, I'm not asking for advice just your personal opinion on this question: With regard to the above quote, how would you classify buying and selling futures contracts inside an IRA? We're not talking stocks here, only futures. Outside the IRA, let's say the person is...