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And, of course, capital gains are taxed at a lower rate than earned income.

Thanks, GWB!

Ah. You get to pick whether you will receive a 1099 or K1 from your trading firm? Hmmm. I can't think of any differences offhand. Capital gains will flow through your Sch. D in either case.

What?? K1's are reports to partners and 1099's are reports from brokers and banks. These reports also go to the IRS and contain income and loss items you need to include on your 1040. What are you asking?

There is an option for computing your penalty and interest based on when during the year you made your profits. The form splits out your profits and withholding by quarter and compares them quarter by quarter. It can be a money saver for traders with volatile income streams. Ask your...

Getting flat for an economic number release or Fed announcement can be a good idea.

Well, if you do short PALM, let me know how it works out. Even though I'm not betting on your horse, I still like to watch them race.

Thanks for your take on things. Very interesting. Palm's Zire looks like a good product. Retailers have been reporting PDA's are selling well this Christmas. I'm not going to join you in shorting Palm. (But as a value investor, I'm not going to be buying a company without earnings...

Why do you want to elect M2M status? Are you expecting a losing year? And even if you are expecting a losing year, will your spouse have earned income to write your losses off against? (I assume you won't because you are going to be trading exclusively.) I have one word for you... "Tesser"

Yeah, as I recall I had to override this myself in Turbotax. Bundlemaker has it right.

A strong equity price helps a company: -- employees are often compensated with options. A rising stock price helps a company acquire and retain employees without paying a lot of cash. -- companies often acquire other companies using their shares as the currency. A strong stock price...

Looks fantastic! Start trading it small, though, to be sure your transaction cost assumptions are correct. Please update us with actual results.

Baron, How about instead of having membership ranks (junior, senior, etc.) be based solely on number of posts, how about penalize those people that are ignored by lots of other members? Perhaps not a good idea... I'm just trying to think of a way to promote civility when with anonymous...

How did you decide to use Mobile Trader on your laptop? You could have used the usual TWS, right?