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Ugggg.... Why does our IRS hate us?

I should point out that I'm looking for an income tax-free living without breaking any laws. I realize there are many ways to skirt taxes - but then you're left looking over your shoulder at every turn. This is not what I'm looking for. I want to know if it is possible - in this world - to be...

Indeed, this is something that concerns me as well.

Thanks Trvlwanderer - Things that aren't clear in what I've read since your suggestion is... Do I have to become a citizen of Cayman to achieve the tax benefit? Do I have to spend a minimum amount of time on location there? (for example, must I be there at leave 7 months out of the...

Are there any countries on this planet that don't impose income taxes on its citizens? As a Trader who can live and work anywhere, I would give serious consideration to relocating if it is possible to trade US Markets in a tax-free way. I'm aware of trading inside a ROTH IRA or other type...

thursday, december 10, 2009 *Breaking out of the range, finally?* I have no idea. I gave up on the prediction business a long time ago. It hasn't served me well. However, with the $SPY trading north of 111.00 briefly this morning, I put our available cash into a Feb/Jan 111 Calendar...

wednesday, december 9, 2009 *Exited last December position* This morning, we exited the $IWM Feb/Dec 59 call calendar spread at 1.80. This trade was originally entered on November 9 @ 1.29. After commissions, this trade netted us a 35% gain. Nice. We will look to enter a new position...

tuesday, december 8, 2009 *New SPY Trade entered this morning* This morning, we took the available cash in the account and put it to work in a $SPY Feb/Jan 110 Put Calendar Spread @ 1.34. The net cost of this trade was $136.52 after commissions, which leaves just $2.68 left over in cash...

monday, december 7, 2009 *Exited trades that were getting away* Today, near the close, we closed out of our 2 $IWM Jan/Dec 58 Call Calendar spreads @ .70. With $IWM trading around $60.50, the position was getting a bit far from our sweet-spot and we were at risk of turning a nice winner...

I'm enjoying this thread. Thanks for starting it. It's a shame though that we have to sift through the flamers and malcontents to get to the constructive discussion. Anyway, I found these sentences from Jeff to be the most valuable points made on this thread: "If you want my "old school"...

Just dug up the old emails for your entertainment. There were also a couple phone calls from Eli mixed in here as well... Eli - It was great to meet you and Ira today. I enjoyed learning about you and your business. Thanks for reaching out to me this afternoon to meet me halfway on the...

When I met with these guys, they seemed nice enough. However, for me, usually the biggest reg flag is when someone tells you: "we wanna train you and give you firm capital and make you the best trader you can be - but you need to put some money up". This clearly means that as soon as you lose...

I've met with those guys. They want you to trader futures. You put up cash. And no doubt if/when you lose your "skin in the game" money, they'll kick you to the curb.

TZ - Thanks for adding value. Your comments are clearly in the spirit of good sportsmanship and supportive adherence to the goals of the Elite Trader community.

I should mention that I'm restricting my trading to index ETFs (SPY, IWM, QQQQ, DIA) at the moment. This doesn't eliminate risk, but it dramatically reduces the risk of huge overnight gaps that are common in equities after earnings announcements, news, etc. I'm also aware that I'm...

Foo, sorry for the post-splash. I was just posting all the previous trades that got us to this point. All of these previous posts where first broadcast on my blog [which ET prevents me from listing here due to google ads on it]. Anyway, here is what my blog - and this thread is all about...

tuesday, december 1, 2009 *Moving Profit Target Up* This morning, with $IWM trading around $59.00, our Feb/Dec 59 Call Calendar hit our 2nd price target at 1.63. Instead of closing, I'm just setting another 10% target on this trade, and now our new profit target is 1.80. This trade was...

MTE - I've been trading on this strategy for 3 months now. And I totally agree with you. While I've had great results so far, I worry that it might be because I've had a very acommodating market to operate in. I am certainly aware of this issue and haven't convinced myself that I've found the...

monday, november 30, 2009 *Dubai Be Damned. Profit Target Adjusted Up* The Thanksgiving Surprise regarding Dubai asking for a stay of interest payments on its debts may have spooked investors and traders around the world. However, over here, we're just sticking to the plan and making...

friday, november 20, 2009 *Adjusted profit target up* Good morning. With $IWM trading slightly below $59.00, our Feb/Dec 59 Call Calendar hit our profit target of 1.48. Since the underlying is trading right near the strike price, it makes sense to move the profit target up another 10%...