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Thanks, Mokwit!

Here's my reasons for shorting oil: Inventories are high, OPEC isn't reducing production this spring, and the SPR (strategic petroleum reserve) will be full in about 4 months (and the market will anticipate this weeks or months in advance). Gas prices are high enough to curb some demand...

Today's ERTS chart looks just like the SPX (or any index) the day the markets reopened after 9/11/01... Gapped lower at the open, recovered somewhat during the next hour (remember patriotic buying?), and then turned south again, went down gradually for the rest of the day, and closed below the...

I'm not so interested in the <b>Bill</b> Clinton hedge fund... What I want to invest in is the <b>Hillary</b> Clinton cattle futures fund! :D <a href="http://www.commodex.com/Hot_Story/Hillary.htm">Hillary Clinton Futures Trades Detailed</a>

My pleasure. I enjoyed the thread. Good trading to you, too!

Hi chinook, Schindler Trading is a sole proprietorship and the Schindler Fund is an LP -- no LLC's. The management fees from the Schindler Fund are earned income -- so I have to pay FICA but I get to contribute to a solo-401k. The Schindler Fund profits, both for me personally (I invest...

If you invest in a limited partnership as a limited partner, the "limited" part means your liabillity is limited to the amount of your investment. You can't be sued based on the activities of the general partner (the person who manages the partnership) and you are not liable for the debts of...

SSF's are the odd bird -- half security, half futures contract. They were the motivating factor behind the Commodity Futures Modernization Act of 2000. And then they ended up not being nearly as successful a product as many expected. :( I believe if you are a registered CTA you can...

Yeah, that's a complex issue and more than I can answer in a few paragraphs. A US domiciled LLC can elect to be taxed like a partnership, as a pass through entity. The LLC has to file an information-only return with the IRS and actually paying taxes is the responsibility of the investors...

Yes, the CFTC changed the CPO exemption limit from $200k to $400k in August, 2003.

Thanks for the heads up about our website. I'll check into it. Here're the CTA and CPO definitions from the NFA: A CTA basically either publishes trading signals with something like a newletter or chatroom, or else has power of attorney to actuallly make trades in a client's account for...

It used to be $200k when I started my fund, but now it is up to $400k: http://www.nfa.futures.org/registration/cpo.asp

Hi Manu, Not sure how you missed me or Schindler Trading in the NFA database. Just go to the NFA website (www.nfa.futures.org), select "Broker/Firm Information (BASIC)" from the menu at the top, and search on "Schindler" for either firm name or individual last name, and you'll see me. :-)...

Clause 29 in the Interactive Brokers customer agreement for individual accounts reads: I recommend creating a partnership and opening an account in the partnership's name rather than your own. The partnership will be the pool rather than you, personally. If your partnership is under $400k...

Yes, eSignal has their EFS scripting language that is a Javascript version of EasyLanguage. I agree that eSignal's website is difficult to navigate -- I've been there dozens of times and don't always know whether to look for an answer in the help files or the knowledge base or the forums or...

Today's Market Report Today in the markets, helium was up; feathers were down. Paper was stationary. Elevators rose, while escalators continued their slow descent. Mining equipment hit rock bottom. The market for raisins dried up. Coke fizzled. Balloon prices were inflated. And Scott...

Yeah, that sounds like a good solution for you, fastpenny. The cost basis and proceeds numbers from your Sch. D aren't used anywhere else, so just write them in by hand after you print. Just make sure your profit or loss column is correct within Turbotax because that is what gets used for...

Stock brokers have been getting into trouble for trading the same things their clients are trading for years. It is especially dangerous when a broker has discretion over client accounts. There have been cases of front running (buying in their personal account before entering the big client...

The question is, why do you want to? Why not invest in your own fund and eat your own cooking? Now, granted, there may be reasons for personal trading outside of your fund. As a CTA I trade futures for my partners and only futures. So if I think Google or Krispy Kreme are overvalued, I'm...

Anything that an individual can trade and invest in, can be traded and invested in by a partnership or LLC. So narcotics, endangered animals, and human organs are out, but South African debt, Israeli real estate, and fine art are all possibilities. Although you are stretching the definition...