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1. Get a business license in your city and incorporate in your state as an LLC. You could go C-corp but it's too complicated for what you say you need. 2. Keep receipts and records in both hard copy and on a PC for any expense or income you derive from trading. If your home is your trading...

Wow. That pretty much says it.

yucca_mtn, You are a very brave man to trade options. Success.

A million won't last for life anymore. Make it ten.

I'll never tell.

We all pay our dues to live and save for trading. Some of us worked jobs (plural) we don't like, so we can save. Others played favorite to mom's compassionate checkbook. But I would never suggest someone trade out of desperation or necessity. Emotions cloud trading judgement. I could be wrong...

Separate post, too late to add to my first one in this thread... Some traders dropped out of high school, some spent their twenties in school, but none of them got a free education in trading. Those same two guys might now be driving the same model beemer but you can bet they had to dig and...

Can't help ya there. I can build capital with only $1,500 to start with. But I don't trade oil, I just burn it. Work a job and save. Live cheap until you are back in the driver's seat. We've all been there.

Agreed. Why do it if it does not allow you more time to enjoy a better lifestyle? No thanks...

I only know one kind of trading, the kind where we traders create a system or series of systems that tell us automatically whether or not to push the button and how. I think you were deceived.

I tried Sierra a while ago, so they might have improved, but I got more realistic fills and slippage with the IB sim hooked to Quote Tracker.

I sync my system time prior to every trading session to the market's clock, and have found no variance.

>>Quote from bbqbbq: basically the money you make comes solely from other traders making mistakes>> No trader is competing with any other individual trader, unless your instrument is so shallow in depth that you two are alone moving the price back and forth between yourselves. Further, no...

If trading required 80-90% from my system, I would have never started trading. I would still be punching a clock somewhere.

I don't live in-town, so the broadband pickins are slim. Cable is all we have out here, but on a 15dwn/7.5up connection, I have no complaints. I have lost out on maybe a dozen trades in a year's time due to signal issues, but it's not something to fume over because nothing can be done about it...

I use stockcharts.com when I'm on the road and my laptop is out of reach, especially when I'm overseas and internet cafes are the best way to ocassionally hook up. Obviously, they are a server-side program which makes it dependent on page updates, instead of faster data-only updates from a...

Agreed. Sounds like a port issue, not TWS.

+178 YM on Thursday, from two contracts. Next trading on Tuesday. Good weekend to all. Success.

Sorry guys, I cannot keep this speed of trading and typing. The 60-second posting limitation on ET makes it difficult to post scalping results timely. Was worth a try. I will continue posting daily results in the Trader P/L 2008 thread. Success.

Flat +18 @ 9:51.