Search results

some brokers do it as incentive to win the account, like a promo fee

right so that is how the locals used to speak, fair enough, i cease and desist -)

Should be careful using the word premium here as it's fundamentally wrong. Premium in market financialization has to do with an amount over fair value What governs the contract value is either supply/demand vs time value. It has nothing to do with premium. Furthermore, the current ES term...

Oh dear

Firstly, You can take the exams whenever you want, you don't need a broker to sponsor you However, if you want to be registered as a member after passing your test then you need to be affiliated with a firm. If this is what you mean by sponsored then I don't see why any brokerage would run...

Not me, I went long in early April but maybe for the wrong reasons but who cares, I was on the right side. I didn't do great but I at least beat the SnP https://www.elitetrader.com/et/threads/vaccine-progress.343314/ Now you can see I am sitting 80% on cash, one of the advantages not having...

ok, i think we are on the same page now :-)

i see the confusion - continuing status has nothing to do with quarterly reporting, you guys are getting confused here if you elect 475f, you report annually and have to be trader status it separate from the quarterly taxes if you just had regular status.... these are different schemes here

but i never commented on continuing status the gentlemen above stated from the article that you lose tax advantage of 1256 if you select 475f that sounds logical but may be true or not true the key feature of 475f is that you get offset business expenses against your futures trading on a...

i had elected 475 and still reported my 1256 contracts on the 6781 form and never had a problem so i am not sure you lose your tax advantage of 1256 we need to be carreful what's written on the internet especially when you just advised above we had to pay taxes quarterly

fair enuff, but on a separate matter, 1256 contracts, by default, report EoY 1256 contracts, by default, get mtm status 1256 contracts have different tax rates 60% long term 40% short term weighted avg of 23%

Section 1256 contracts and straddles are named for the section of the Internal Revenue Code that explains how investments like futures and options must be reported and taxed. Under the Code, Section 1256 investments are assigned a fair market value at the end of the year. If you have these types...

not for 1256 contract and if he has no other income, he should apply for trader status and elect 475f, why are we going into circles?

the mofo was just playful , that is why i used the word politely, I didn't mean to offend The assumption in the original query was that he had no other income. If he is day trading regular he should naturally apply for trader status

politely, he asked about 1256 contracts in the title i am 100% sure. If you don't want to report quartely, then you need to declare to the IRS that you want mtm election 475. you have to pass a certain test, then if so, you don't need to report quarterly

moreover, if you have a loss under the mtm election ( sec, 475) on open positions, then you can roll your loss forward into the next year, yall mofo's need to hire an accountant

mutual fund business is not 1256 contracts. under 1256 contracts you are eligible for mtm accounting election at which you only report at EoY

I always just closed the books at the end of the year and never got audited. The only time i got audited is when tax document from broker reported x and i accidentally reported y.

I think I understand what's happening with IB here, on US exchanges the calendar spreads are instantaneous. But on certain international changes, the execution latency that I notice I think has to do with order routing and server location. In any case, if you need lighting fast speed and you...

yup makes sense, so IB is only giving back like 60 % credit instead like 95% different span sensitivity