Recent content by Scalpomatic

You can say that again! I applied for the Sogo Elite Account on March 21st, and I haven't heard a word from them. They must really be back logged at setting up new accounts. I'm not giving up on them just yet. It may take another year or two before they really improve their...

Okay, I don't mind being wrong. If Old Trader is right, and the 4 accountants I have been using are all wrong, then maybe I should seek some new accountants. I'm really glad we are having this discussion -- I like learning knew things, and it's helping me generate new questions for my...

Thanks for the advice Old Trader, but I politely disagree. I've had several accountants over the years and they've all advised me the same way. Here's the part of Schedule D that allows me to do things a little differently (and more simply) than you have suggested: page D6 SPECIFIC...

I just filed my taxes again, and I'm a day trader who does hundreds of trades per year. I use H&R Block b/c it's only about $180 to have my taxes prepared. I've never had problems with the IRS, and I've been doing my daytrade taxes since 2000. Bottom line, you don't have to go nuts with...

I totally agree. We learn the most from our mistakes. Unfortunately, for people like me, I have to make the same mistake a dozen times before I start to truly understand the underlying causes of my mistake. Psychology plays a huge role in trading. EMOTION is a four-letter word to...

Best way to find out how long it takes to become profitable at trading... Save up $25,000 and... Blow out the account. That's your tuition to Wall Street. then... Save up another $25,000 and obey stop losses at all times, b/c disobeying them is what blew out your first $25k...

Quote from danimal84: anyone have a good method of differentiating between a support penetration (or institutional shakedown) and LASTING selling orders? for instance, let's say your long at 10.00 (which has chart support), and waiting to sell at 10.05. assuming you havent got long at an...

Giles, Thanks for including the link to sogoelite. i just checked it out, and it looks great. Now for the paperwork -- conversion of sogoinvest to sogoelite. im guessing that's going to take a week or so...maybe longer. Keep us informed on the sogoelite platform and how it performs...

I'm in the process of opening an account with Sogo, and I'm having a heck of a time finding info on their trading platform, order types, etc. I'm primarily a daytrader/scalper, and I execute approximately 153 trades per month through Scottrade. I've had excellent customer service with...