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You could certainly do that. However, it wouldn't help you if your intent is to capture dividends to benefit from the lower taxation of dividends at the expense of writing off the capital losses at the higher tax rate. The reason is that the lower dividend tax rates are only applied to...

Expensive housing, terrible traffic. Generally good schools and great selection of restaurants.

I would guess 40-100% per year for successful, long-term daytraders during a 'normal' year, and perhaps 100-300% during exceptional years such as 2007 or 2008. As the account balances grow much larger than the size you mentioned, these percentage returns become very difficult without taking...

BRK.B is supposed to be 1/30th of BRK.A. The A shares are convertable to the B shares at a 30x conversion, which ensures that the B shares never trade at a premium. Instead, the B shares typically trade at a 1-3% discount the A shares. In the last week, however, the B shares have plummeted...

The misleading part is in the last sentence: <i>If $9.00 x 3 = $27.00 and the room service boy kept $2.00 for the tip... $27.00 + $2.00 = $29.00 what happened to the other $1.00? Remember the bill was $30.00.</i> The correct way to look at it would be: <i>If $9.00 x 3 = $27.00 and the...

I would suggest you route via BATS for all thin stocks for best order execution performance on marketable orders. If it's a thick stock, then EDGX will be better, from my experience. I strongly suspect, but can't confirm, that some of the EDGX darkbooks will choose not to fill your order...

Baron, The problem I see is that when an otherwise good thread is started, it can turn into an immature pissing match that the OP has no way to control, making it frustrating to attempt to start a new quality thread. I started a feedback forum two months ago, pointing this out, but never...

Cool! I guess the next step will be to do the same thing with Presidential elections as well, right? No intimidation, no peer pressure... Local 'community activists' can volunteer their time to go door-to-door in the weeks before the election, and imagine how happy people will be to save the...

Seems like a few brilliant like-minded folks like yourself should band together and start your own company, a worker utopia, no doubt. Once bankrupted by the union, you might see things in a new light. I'm still waiting for shining examples of <i>successful</i> unionized industries. The big...

Reality check indeed. Union membership has collapsed since the 1970's, as their inefficient work rules and excessive compensation/benefit plans have forced their companies out of business. It's tough for a parasite, for once they kill their host, they have to find a new one to suck off of, or...

You might want to try joining or creating a small chatroom of your peers. Even if that means that you are in a group with 6-10 fellow traders who collectively don't have much of a clue about trading, you will still benefit from the collective experiences of the group. Over time, you will all...

Just curious... I lived in Houston from 1986 until mid 1988. While I was there, I was active in an organization called the "Houston Computer Investor's Association." Those were in the days when PC's were relatively new, and the internet was barely a dream. Do any of you Houston old-timers...

jem, I have to agree with you completely. I find chronic misspellings a bit annoying, but that's a written communitcations shortcoming and not a trading shortcoming. I'd like to think that I'm a decent enough speller, and a decent trader. That said, I don't see any relationship...

Good points, and good questions. Some of my (unorganized) thoughts on this are below: First, I've already linked my personal reasons for posting on the P&L thread earlier in this thread (http://www.elitetrader.com/vb/showthread.php?s=&postid=1572522#post1572522) Traders are an unusual...

This may be true for some systems traders, but not for others. A rigid systems trader would incorporate and implement methods to systematize the process of shutting off their systems in a drawdown, subsequent reactivation, etc. The following thread discusses one such way for systems traders to...

Mike, Your wife was right, you should tell it like it is (in a civilized manner, of course), and I personally welcome your thoughts/comments. While I agree with much of what you have said, I'll comment on some of the areas where I disagree. Probably the best way to sum up my thoughts are...

Merry Christmas, folks, and best wishes for your best year in history in 2009.

I would certainly think it would be easier if they were natural born traits, and the trader didn't need a major personality change to get there. Then again, I also don't want to imply that a trader must exhibit those traits to be successful. Those characteristics are just some things I've...

I agree with much/most of what you said. I'll plead guilty to owning a nice Lexus (and have previously owned a Toyota Corolla). The Lexus certainly offers a nicer ride, and is no doubt much safer, as well. I also agree with your comments on a house or gold, although I would counter that...

My thoughts on the blotter thread: http://www.elitetrader.com/vb/showthread.php?s=&postid=1572522#post1572522 Actually, I think the entire thread above, is worth a read. It's not a long thread, so not difficult, but some good thoughts/comments in there, as I recall.