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A more relevant word for energy in thermo is Enthalpy. It means heat or kinetic energy and it's ZERO at 0 degrees Kelvin which is minus 273 degrees C. How cold is that? Well it's so cold that nothing moves, not even subparticles.

Energy in a CLOSED system has to remain constant as defined by the 1st law of thermo. Entropy by definition is the randomness of a system (open or closed). Entropy of a closed system always increases if left alone. The odds of a closed system to remain orderly are nil because orderliness is...

You call that a lot better. I just checked their website. What a rip off.

Not knowing your experience or profitability, it's hard to tell if your deal is good or bad. Some firms I know charge even more. My deal is much better because I'm a very consistent trader. Consistency always buys you a better deal. 30-40 times of buying power is nothing to write home about...

I'm not a lawyer or CPA, but one thing I know for sure is that no prop firm can claim your own losses if those losses came from your capital at the firm. K-1's, 10999's and all other tax documnets are only references for you and the IRS. You can still claim the loss even HLV wouldn't let you...

I guess my original posting was a little off. My questionwas mainly on retirement plans. I've been filing Schedule E because I'm Class B prop trader at a day trading firm and all expenses are deducted before AGI. However, It's not very clear to me whether we are allowed to set up retirement...

I've been a day trader for over 5 years now and I always reported my K-1 gains on Schedule E. I never set up any retirement account because I was told day traders weren't eligible early on. But having talked to a few other traders at different firms and several accountant friends of mine, I...