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Hi Spanish, no problem did take a long YM , did pretty good out of it not the few hundred points it went after I got out, but still a very good Friday to make up for mid week loss, finished week positive, which is amazing for what shape I was in Wednesday !! . Thank you for all your posts...

Sorry for taking up space on this thread, is this the symbol for oil ? WS - CRUDE OIL PENULTIMATE FINANCIAL FUTURES INDEX for IB ? Thanks.

Hi, would you be long the Dow now ? Also, what would be the symbol for to trade oil on IB, thanks.

Even after a bad day (my own fault) still so nice to be able to smile, yep life too short to worry about one bad trade when so many new opp's are out there. Thanks guys for the good humor :-) Love the swirching coffee to tea option :-)

BUT, because I need it to be it'll probably gap up and keep going:-(

Sure hope your right, well maybe not to big a cash reserve ;-) Fallen to bad trading again and holding short, choice while I try and sleep tonight is take the hit now or hold on and see what Friday brings.

Tell me it's going to put it's head in the ground !! Yes, I know it's a camel but they do that too before a storm, I hope :-) Whoops doesn't look good :-( Short too

Too funny I tell you though, some days I wonder ;-)

Sorry for not knowing, could somebody simply explain, thank you.

Not sure why not visiting B and N for the last two years, should stop me trading :-) Anyway, thank you all for the help, yes I know I need to probably see a CPA down the road, but was just quickly checking to see if I had read right about possibly no or very little capital gains concerning my...

Thank you all for the info' Biog the link you posted is close to what I'd read, I will run it through tax cut (what I have been using over the years, and if for some reason it gets to confusing will seek pro' help) BUT as your link shows I might actually have to pay only a minimal amount...

Hi, I was in Barns and Noble today, not been there for a couple of years and thought I'd check out some trading books. I guess the whole trading thing must be over, didn't see anything that looked good. I digress. While I was in the there I picked a big tax book for 2008. If I...

Hi NeoRio1 could you explain what you think may happen. Thanks in advance.

How many contracts did you sell ? Just wondering (misery loves company:-) ), don't answer if you don't want to. But why so many if you risk your whole account ?

Well I wouldn't say I feel "bullet proof", actually it's a bad habit , lazy and not doing what I know I should. I'm short YM, one at @8720 and the other at 8800, this is something I struggle with, one of my main rules is "NO" shorts over night (really I don't like to carry longs either...

Hi, good call on the short, could you explain, if/when you have time about "vix" and how you use it. Thank you.

Humm, I just looked at my end of month and see I traded close to 1000 round trips, I only just realized that IB has unbundled which will save me some nice change. I like the idea of just filing "Capital Gains" than filing a business etc and all the complications it could involve...

Hi, and thank you again. IB, if I remember from last year will send me the (well I print it out) Form 6781 then I just have to enter numbers into Tax cut and it'll take care of the 60% long term gains and 40% short term ? Anyway, just the fact from your answers that it does seem...

Thank you again, if I'm understanding rightly I'll also be in the lower capital gains tax range ?

Thanks appreciate the info'.