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It must have been one hell of a cake tray.

Your CPA is apparently incompetent. Therefore, your incredulousness is justified. The correct result is 60/40 treatment under section 1256(a)(3) and SE tax under section 1402(i).

SimpleMeLike, There is nothing complicated in my post. But I accept that what is simple to one person may not be to another. Creating frustration was not my intent. You are happy with your results and having fun. That's all that matters. Cheers.

SimpleMeLike, Here is one of my secrets to juxtapose with yours. Consider trading as a partnership between you and the market. The purpose of the partnership is to extract profits into your account. It turns out the market is an ideal partner: The market always performs its duties in the...

SimpleMeLike, Here are my answers. 1. I have not come across a book about trading that guarantees making money instantly after reading it. At least not one that can be taken seriously. Therefore, I have no book to recommend that would meet your requirement. 2. Since I have no book to...

SimpleMeLike, your logic and sentiment are hard to disagree with. In a zero-sum game like the derivatives markets, the more losers there are the easier it is to extract profits from the game. Picture how difficult it would be to make substantial money if the percentages were the other way...

I get the gist of what you're saying, murray t, and I'm with you about the doctor making up numbers to fit his equation. In the interview clip, he can't even explain it himself without stumbling and bumbling. The doctor is plain goofy.

Trader's equation, murray, trader's equation. Al says 50/50 is okay because distance to profit target = 2x distance to stop loss. You seem unconvinced but you can't argue with gravity.

You are welcome. Acknowledging a parasitic role is just matter of fact and has no negative connotation. The markets are there for most anyone to participate and enrich himself. In terms of trading volume, people who trade their own money for themselves are in the minority. Large capital pools...

Good comments, murray t. If you want to count vicarious benefits, you can expand the list of beneficiaries to my data provider, charting software company, internet provider, utility company, and so on. I'm not that philosophical. Vis-a-vis other market participants, I'm solely a taker.

Are you joking? I searched Google and min. wage in OKC is $7.25 per hour. Leave the fast food jobs to teens and retirees needing to supplement SSI income. It's hard to fathom that at your age and with your experience you can't do much better. Regarding your original post, the market index is...

Maybe you should watch the short clip because you seem to be saying the Trader's Equation is the same thing as averages of all your trades completed. The equation is conventional wisdom and who cares about new traders or not new traders. Everyone has a mind. They should build it and use it for...

Every trader is subject to the Trader's Equation? You mean like gravity? I know you like to compile stats and make predictions. Do you think the probabilities you assign are more rigorous than Al's 60/40?

Oh really? I had no idea a futures contract and an insurance contract were equivalent. I considered my activity in the market as parasitic. It's good to know I'm providing a valuable service to the counterparties I'm taking money from.

Trading is a game. You are not producing anything or providing a service. If you are providing liquidity to others, unless you are a market maker capturing the spread, you are what is called in the academic literature a futile trader, which is a nice way of saying you're a loser. To play the...

ROFLMAO? Jesus, talk about outdated. Here's an upgrade. You're welcome.

Got zero sympathy for suckers in this game but occasionally it's hard to pass by without remarking on the bullshit. Continue shoveling. You ain't got much time remaining.

Trader's equation = the dumbest made-up concept that has taken hold in the retail trading world.

It's your poll. Are you now saying you shouldn't try to predict the next bar?

This thread is another ET Special started by an ET All-Star. The unintentional humor is entertaining but admittedly getting a bit stale. So let me ask the obvious question: How do you KNOW what the next bar is? Let's use simple logic to think this through. If you were able to KNOW, then by...