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It probably won't IF gains from trading activities are entered on Sch C and the result is a net gain. However, traders do NOT report gains/losses on Sch C. Rather, traders' gains/losses are reported on Sch D or, in the case of traders who have made an MTM election, on Form 4797. Either way, Sch...

Okay, but why (what appears to be) a relatively expensive, 3rd tier, liberal arts college? Couldn't one could get a similar (perhaps better) education at a state school for considerably less money? Also, I find the liberal arts thing a little bizarre coming from Munger (who got a Bachelor's...

Actually, a whole bunch of stuff is deductible. What is problematic for "investors" is the 2% AGI floor that applies to miscellaneous itemized deductions. "Traders" don't encounter the floor since they report their expenses on Sch C.

Any expenses (e.g. books) must be "ordinary and necessary" in order to be deductible. Further, if the books have a useful life in excess of one year, then (assuming they're deductible), they must either be depreciated per I.R.C. §167(a) or expensed per §179. Deducting expenses for attending...

A few further points: "Investing" is considered to be an activity engaged in for profit. Therefore, even if you were to walk into an audit and scream, "Investing is my hobby", the IRS simply can't disallow the $3000 ($1500 if married filling separately) capital loss deduction you might have...

Take a peek at the following IRS publication: http://www.irs.gov/pub/irs-pdf/p519.pdf

I believe that would be buying or selling calls or puts (simultaneously) with the same expiration but different strikes (e.g. long Jan 50 call, long Jan 55 call). All time favorite is the "Buttafuoco".......a screwed up Pregnant Butterfly.

For the love of God! I retrieved the summary (which appears below) from the USPTO web site. If they can get away with this, perhaps I should file an application for my "new" invention; a hollowed-out, conically or cylindrically shaped device, made from ceramic, plastic, metal, or other...

>>.....(ignoring management fees here which are typically 1-2% of assets).....<< I sincerely hope this doesn't spontaneously combust, but why would anyone "ignore" those fees? Fidelity, Vanguard, Putnam, et al, have grown absolutely huge from them. For that matter, many HF managers have grown...

Try calling 312-637-7090 and visit the following web site: http://www.ffasttrade.com

So, in other words, as traders we serve the same function as Democrats?

I have (actually had) a Sony display and it sounds like the same problem. I heard a quick and rather disturbing "pop", the image would flicker and then return to normal. The only forewarning was, sometime prior to the popping sound, the image would have degraded slightly (i.e. become blurry)...

I, for one, would like it to be noted that the IB coverage, in large part, is what drew my attention to ET. If Baron has made a personal decision to reduce commercialization in the threads, that's one thing. It's quite another, IMHO, if the deletion of threads and censorship of certain...

Baron, Although I realize this is somewhat like the proverbial dog biting the proverbial hand, I think there has to be some perspective. There may not be a substantial difference between 1 million and 1.5 million page views per month but, come on, there =has= to be a difference between 1...

Yes, as in an =MBA from a top school= (e.g. Stanford, Columbia, Harvard, NU, Penn). Goldman, in particular, is =very= fussy.

I'm anxious to see when (and if) I receive it. One thing I can say for these folks is that they sure are responsive. I sent checks to IB and TOS on the same day. I was a bit surprised when I logged into TOS earlier; my funds were already available. OTOH, I received an e-mail from IB stating they...

From what you've stated, I have to wonder whether it's some sort of "IB thing". I've never seen that behavior anywhere else.

So, if I've got this correct, your INDU and NDX symbols are actually changing on your IB quote screen? Sorry to say I've also been awake at those wee hours and, on my machine running TS6, those indices do =not= change. Of course, I do see changes in various NAz stocks as well as Globex...

Thanks for the warning. Personally, I have no plans to join. The ad on monster.com and the apparent lack of information picqued my interest. There is no other (readily available) information on H&H other than what I found on the FL Dept of State web site. Obviously, the affiliation with Momentum...

As Pabst's post implied, Refco F/X is unregulated because the transactions are outside the scope of the CEA. In a reparations case, the CFTC agreed.