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I would imagine you could.

No! And here's the reason. Leave it to the IRS to figure out a way. Your income is reported in Schedule D as cap gains/losses, but your expenses are deducted on Sched C. Therefore you're still limited to 3k a year in losses against other income or gains. Now if you want to make the...

Medved Quotetracker uses your broker's data feed and provicdes free charts. Not free data.

It's a mess. Buy the book "Capital Gains Minimal Taxes" and you'll have a better understanding that what I can provide. You have to essentially prove volume of trades over time, consistent trades (i.e. being in and out of the market many times a day or week as opposed to only a few trades a...

"Buy it! Buy it! Buy it's brains out!" Great movie

Today's been an easy day so far for the es. In the midst of a 16-point run right this moment.

For starters, what are the stoch settings? Also what is "forming" divergence, from a programmer's point of view?

You're limited to $3,000 per year in deductability for losses. If you've lost 12,000 then you can deduct 3000 a year (against ordinary income and investment gains) for the next 4 years. You can carry forward an unlimited amount of money, but can only deduct 3,000 per year. Some people will...

AFAIK yes.

I see it all the time. "Where can I get free intraday charts with my IB data . . . . " They don't think twice about risking 50-100k out in the market for a daytrade yet they won't spend the lousy 100-200 a month for reliable data. They want it for free. This is a business and it requires a...

Not even in the same league. QCharts is a toy.

P. Niss, are you related in any way to Tess T. Kuhl? Or do you two just hang around together? :D

Even to an experienced trader, having a 25k hard deck sucks. You have to have a few grand above that for drawdowns so your real minimum's closer to 30k. Then to show you how much they want to protect you, they allow 4:1 margin; 2x as much rope to hang yourself by.

AMTD used to let you daytrade all day in a cash account too, but this merger w/Datek got AMTD's nuts in a wringer with the SEC so that's history.

So THAT's why the premarket's been so quiet this morning. . . :D

GREAT post, OldTrader. And very true, especially the part about the horse better waiting days to place a bet. Often times my wife will ask why I didn't trade on a day like Monday when the market was up big and it was simply because I didn't feel comfortable trading "just because". Fact is...

. . . and let's not forget these gems: There are two beer's on the table. Take them off of there.

I'm from NY and what really bothers me is all these utes going around axe-ing questions about how to trade the markets:D

I can't stand English errors in printed and spoken media, either. What really gets me is the plural use of "couple" as in the couple WERE when it should be the couple WAS. Or center median. Well where the hell ELSE does one find a median? Off to the side?? :D Oh well. On message boards and...

I disagree Aphie. I think a mechanical system *is* a good way to start out. Lookit - it takes the emotions out of the game and emotional trading is what causes most new traders to fail. I use my own experience as an example. When I first started out I traded by the seat of my pants and made a...