Recent content by Simmy

Thank you very very much for the information! I would normally have to pay for the kind of advice you're giving me here. If I am declaring a loss from 2005, can't I just amend that year's return and carry the 8k forward indefinitely? For example, instead of offsetting prior income, I...

Question that goes along with this thread.... In 2005, I lost $8,000 trading futures and did not deduct it from my ordinary income, I didn't even include it on my tax return (I believe I just put 0 for capital gains). Can I amend that tax return and report that loss now to deduct 3k from...

my test date is still open so i guess it should be ok, but obviously yes i will call them tomorrow. thanks very much for the reply.

Also, I'm supposed to take the Series 63 on Monday, how am I supposed to get licensed for that if they have already filed a U-5???

I am trying to have my series 7 license passed over to another employer and I received a U-5 notice from the place where my license is currently housed. Does this mean I will not be able to transfer the license now? Because it says termination on it. I'm confused, someone please help. Thanks.

What is this all about? Kick who when he's down? say hello to what man? Please explain, thanks.

Great advice. You're right about trying longer time frames, especially since my style is mechanical anyway. It should be easy for me to deal with the fact that I won't be watching the market all the time.

I have several friends that have traded prop for years and they aren't salaried. There's your proof.

What's really sad, disappointing and unfortunate is that I had $50k in savings and no debt just 3 years ago. I don't even know where it all went, but I certainly didn't lose it to the market.

Sorry but this isn't the case at all!! "top notch ivy people???"

Thanks for the advice everyone, I really really appreciate it. I guess I am not that surprised the opinions were unanimously in favor of getting the job. That is what I will do. Best of luck to everyone.

Hello, I could really use some advice from anyone willing to offer it. I am in the process of making an extremely important decision in my life and I think it would be valuable to get feedback from people who can relate. I am a former prop futures scalper (highly unprofitable) turned systems...