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    Educate me. I thought 50% a year was good

    I'm assuming that if he was trading as a fulltime gig, then he would need his profits to cover his living expenses. 100k would only yield him 50k for the first year (assuming that it was all his money), leaving only enough to live a minimalist lifestyle and keep the account growing. Obviously...
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    Educate me. I thought 50% a year was good

    Sorry, Savant, I didn't know I was asking such an idiotic question. I trade equities, where slippage grows with scale, and the spot forex is foreign to me. I was just commenting on the fact that anyone who is confident that their returns were scalable based only on data from a 5k account was...
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    Tax Question -- Joint Tenants in Common

    Thanks kjkent. Those are the issues I was referring to. Would you agree then that a Joint Tenants in Common approach is the most hassle free way to go? I'm thinking I might clear about 150k-250k in profits this year.
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    Tax Question -- Joint Tenants in Common

    It's only six figures, but aren't there many disadvantages with S-Corps, especially since I'm based in CA?
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    Shortable Stocks -- IB vs. Cybertrader

    Is there noone here that can drop me some knowledge? :)
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    Educate me. I thought 50% a year was good

    Fair enough. So, you're as confident making a thousand times the same bet (assuming you somehow raised $5m)?
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    Tax Question -- Joint Tenants in Common

    Unfortunately I'm not a licensed professional, and I believe that living in CA, the state requires me to be licensed before setting up something that has me listed as an "advisor".
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    Educate me. I thought 50% a year was good

    Rufus. You've provided probably the most insight I've ever read into the workings of the HF industry. Thanks so much for your postings!
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    Tax Question -- Joint Tenants in Common

    Are there any ETers who are doing this? A couple of relatives asked me to trade some of their money in my account in exchange for a cut of the after-tax profits. At the time we all thought it would be easiest to just treat all the profit as my own for tax purposes and then not bother my...
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    Educate me. I thought 50% a year was good

    Wow. I would say 50% on 5k is not going to turn anyone's heads. Do you have any guess as to how much you can scale up your system before slippage eliminates your profits? Even for the most widely traded assets, if your system requires that you get in/out completely and immediately upon...
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    Shortable Stocks -- IB vs. Cybertrader

    Anyone know which one's better? I short a lot of stocks (NYSE, Nasdaq & AMEX). I currently use IB but am considering a switch to Cybertrader. The salesman says that people tell him all the time that Cybertrader's short list is much better than IB, but I want to hear from the elite traders out...
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    Good API's

    Even Paypal would be a better payment method than actually emailing your cc info. At worst you can be defrauded out of the price of the s/w instead of the credit limit on your cc!
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    Spydertrader's Jack Hershey Equities Journal

    One other thing that needs to be pointed out about Odelys' wealth lab results. Not sure what the bet size was, but assuming that it was kept fixed, there's a 1 1/2 yr stretch starting on 8/2000 where the strategy lost 267k. If the strategy was started on that date with 100k, that would've been...
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    Is Momentum Trading Inherently a Low Success Rate Play?

    That's funny that such a quote would come from someone named "TrendFader"! :D
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    Is Momentum Trading Inherently a Low Success Rate Play?

    I've tried to devise some momentum swing plays, and they always seem to rely on a low success rate with the few winners carrying the majority losers. Is there such a thing as a momentum swing play that can succeed >50% of the time? I think that if I knew that by definition a momentum swing...
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    traderhr

    traderhr, Thanks for all your posts. I was looking through the list of posts and saw that you recommended MANT on 5/22. Four days later they downward-adjusted their full year guidance, resulting in a 30% drop in the stock price. I also saw on a subsequent post on 9/24 that you didn't...
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    What cost should I assume for my backtesting?

    I was suggesting 6 pips for a RT trade, meaning 3 pips per trade. Thanks for the advice on a mini account. Makes sense to me. Anyone else have any insight? Does 3 pips per trade sound about right, or should it be closer to 1-2 pips?
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    What cost should I assume for my backtesting?

    I'm trying to develop a system for trading the forex and am wondering what number should I plug into my backtesting for total costs (slippage and transaction fees) per round trip. I was thinking 6 pips per RT. Can anyone else provide some insight into what they assume for backtesting? btw...
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    Financial Futures Newbie Question

    I'm interested in trading financial futures, and would like to know from people which tickers have the best liquidity? I looked at cme's monthly volume report, and the EuroFX (EC) has the best liquidity out of all the currency futures at 1.3mm/month. But, looking at the interest rate futures...
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    Genesis Q&A

    I'd like to know the answer to this as well. Also, does your API support DDE with Excel? Thanks!
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