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Human nature has not changed.

" Buy low sell high. Buy any dip add to my longs, sell any rally add to my shorts, regardless of where I got in or my average price." By the rules this is the required method of trading by specialists. Buy low and sell high. They are required to buy minuses and zero minuses, and sell pluses and...

Market makers are allowed to place hidden quotes up to four digits. If you see a transaction on the tape at $6.0671 that means a hidden from the public bid/offer from a registered market maker that resulted in a trade. A quote of $6.06-$6.07 does not mean there are not quotes between these...

Yes, people who pay with cash are paying the credit card merchant fee which is included in the retail price. The credit card companies have done an excellent job of marketing their product. Customers expect a retail merchant to accept credit cards. A merchant with any sales volume could not...

There are numerous financial advisors running around telling people to not use credit cards. Pay off your cards and use cash only. What most people do not realize is consumers are paying for the use of a credit card whether they even own a card. The merchant has gotten the expense of the card...

The most important aspect of learning how to trade is to learn how to mentally take a lost. A jealous man can't work and a scared man can't trade.

Here is an article that appeared in the New York Times Concerning INTEX. Futures/Options; Automation In Trading By H.J. Maidenberg Published: December 10, 1984 Is the ''electronic outcry'' system of futures trading the answer to the increasing congestion on exchange floors, the costly rise...

No I sold my membership prior to the name change and merger with CBOT. I later purchased a seat on the world's first electronic exchange The International Futures Exchange known as INTEX. They started out trading a gold futures contract. It never achieved sufficient volume. They were too far...

I was a member when it was known as the Chicago Open Board of Trade. Cleared through Collins & Greene who merged with Rosenthal. This was in early 1970-1971. Not a bad place to learn to trade. 1000 bushels in grains. Low volume and not much action until name changed to Mid-American.

I hope it was a more reliable poll than the recent presidential polls.

What effect will reducing the corporate tax rate to 15% and lowering the personal tax rate have on the economy? Will it be a boost to the economy by bringing $4 trillion off shore earning to the USA? What will it do to the economy by the Feds starting to creep up the interest rates? Both...

Trade like the rules require the professionals to trade and buy the minuses and zero minuses and sell the pluses and zero pluses.

Tax considerations are the most important aspect of trading the last week of the calendar year. All professional traders/marketmakers are preparing to mark their trading inventory to the market.

The bigger picture is that Congress never passes a law, especially concerning the tax code, unless the lobbyist are pushing for the passage. The Wall Street market makers/specialists wanted the provisions of this law, since it applies to active traders, for a reason.

Where? Is this an IRS ruling or a court decision?

Strange as it may seem, the IRS Code does not define who or what a securities trader is (but starting in 2000 the IRS form 1040 instructions do). To further guide us there are a number of Tax Court decisions which decided whether a taxpayer's transactions in securities constituted a bona-fide...

There is no specified number of trades required or a holding period.

I understand the deductions of expenses. You have misunderstood my posting. I was concerned about whether one normally would have sufficient expenses to justify filing for trader status above and beyond what one normally could deduct. Of course, that would depend on each individual and his...