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you have to file a form i think though. my accountants have done it for me. i am TTS qualified but i didn't elect MTM.

stock market almanac.

you miss out on deductions for market data and research.

that explains his attitude. He hasn’t been battle tested.

this is largey true, but you an segregate positions as long term that are not subject to mtm. you should talk to an accountant on how you would do it.

technically a split should not change anything. However the argument is that smaller investors can now buy the stock - which makes little sense to me because many of those investors can buy fractional shares.

Your going on block. Too many threads with less analysis than you would see on a Reddit stonks board.

so what does it correlate to?

it will be DOA. Most super wealthy are super illiquid. They will lobby it to the ground.

I look at it every few years and here were my conclusions: you can elect for trader status with mtm or without. I chose without because it fit my personal profile better. There are court cases that have set precedent as to who qualifies. It’s not enough that trading is your primary source of...

if you don’t have co-location you are leaving money on the table with your buywrites :)

always looking for another car.

like Aaron Hernandez. Your point is about nfl players, Not about blacks. Right?

You don’t know many top tier hedge fund managers if you think that way about their “15 percent” the markets aren’t scary. But you should be compensated for the risk you are taking. To do that you should be able to build geometric wealth over time. That’s been my point. To do that you need...

ive driven my Ferrari at 140mph. Both of them. :)

you don't understand how racism works. or you willfully choose to ignore it. i didn't read the article but i assume its about Aaron Hernandez.

You hit upon fallacy. The "best" money managers can't guarantee 15% but yet anyone with some good execution skills can beat that handedly. How can that be? Either these guys aren't the best managers, or their strategies are not nearly as levered, or their strategies scale and the day trader's...

it wasn't directed at anyone particularly other than the general title of the thread. This is the logical fallacy of day traders: "the best money managers may 15%, but i can make hundreds of percent day trading." Either they aren't the best, or the scale makes returns harder, or you can't make...

good point. why would you want to be friends with anyone whose so poor they have to reuse a helicopter.

I don’t think you can scale up intraday trading without adding substantial infrastructure (which is a huge fixed cost). what’s the point of making 500k/year with no hope of growing the account? Over time you will leave a lot of money on the table. Better to develop strategies that scale into...