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  1. M

    Scalpers - Reporting your gain/loss to IRS

    You are correct. There are many other odds & ends points, but this major one I didn't tack on to the end of example #1. I've added an edit for clarification, to the previous post.
  2. M

    Scalpers - Reporting your gain/loss to IRS

    Correct. But to be more clear, it's a net year end LOSS & wash, for that security. #1 For instance you make $1,000 in GOOG on Jan 10, 2005, then trade it, every day that year, up thru Dec 31st, 2005. You lost ..... $-35,000 net doing it. Net loss is -$34,000 (+1000, -35000= -34,000)...
  3. M

    Trouble getting filled on nyse stocks

    I've noticed time and again that a mkt order does NOT give you priority! Here's why: The book locks up with limits, the clerk fills those limits, but then has to call over the spec for the markets. I've been filled hundreds of times with a market order (that SHOULD have priority over the...
  4. M

    Muni Bonds

    http://www.nuveen.com/ http://www.blackrock.com/indiv/products/products.html Both have great open end and closed end municipal products. They have a huge number of offerings between them, all with a different twist. Makes for an easy way to diversify, vs. individual muni bonds. Look...
  5. M

    Scalpers - Reporting your gain/loss to IRS

    Joeyata1 is showing how to use the "performance method" of accounting. This is different from recording the gain or loss of each transaction. Both ways of accounting may use the method of only showing 1 account per line item in the Sced. D. Both methods are IRS recognized and accepted.
  6. M

    Trader P/L 2005

    Very violent day for me. Missed a 10-15k giveaway this morning, right at the open from someone misskeying. Don't think it was broken either. :mad: Then got faked out about 4 diff. times in reit reversals, ate .05 on 10k shares ea. time......ouch. Was still able to get back in and ride those...
  7. M

    Trader P/L 2005

    Excellent day DT!
  8. M

    Trader P/L 2005

    Looks like a solid showing from the genesis boys today! Great job guys.
  9. M

    Trader P/L 2005

    Started out throwing away 1.5k, seems I couldn't trade my way out of a phone booth this morning. Got my act together, and went after brazil again, made good money there. Arbs got unwound today as well, nice profits there.....but shoulda gone for more. MTM, +11.4k, +6.7k realized, across...
  10. M

    Trader P/L 2005

    Couldn't get any discretionary trades goin', but the arbs came back in. +5.1k MTM across all accounts. $400 realized.
  11. M

    Trader P/L 2005

    Since I usually don't trade this security, I'll throw my trades out there. I didn't catch on to the dive until after getting some lowball fills. I missed the bottom, AMEX pulled the last ask I shoulda had at 25.12 for 5k shares....guess there coulda been shares ahead....but, well, you know...
  12. M

    Trader P/L 2005

    Came back with a vengeance after yesterday's losses. Tore the stuffing outta a lot of brazillian securities, during that mid morning drop. Did a bit in the reits, in the am as well. Nice way to end the week. MTM across all accounts is about $200 less than realized. Have a great...
  13. M

    Brazil Plunge

    Sorry, ADRs, & spdrs. They were down almost 6% for a bit.
  14. M

    Brazil Plunge

    Anyone getting part of this insane move?
  15. M

    Trader P/L 2005

    Drumroll please....... ........here's one for the away team. :( All my arbs widened again today, and my trading was off...just created a bunch of commissions. 351,000 shares. MTM -3.8k including about 2800+- in gains in my other acct., realized +5k in main account. Net net.....down...
  16. M

    Trader P/L 2005

    Sorry, guess I wasn't clear. $750k-1mm per side in basket size (all positions included, not ea. position in the basket). I've been turning these over 10-20x per day. I've never done that kinda volume before, I just needed to go after it. Yes, increased risk, but not by much....and I...
  17. M

    Trader P/L 2005

    Yeah, it's almost retarded. I don't have a problem with people doubting my numbers......I barely believe them myself. My VERY long term standard has been 3-5k/day....not these silly numbers I've been doing. With this many in a row, I know I'm gonna get knicked for -3 to -7k one of these...
  18. M

    Trader P/L 2005

    Outstanding numbers! What platform is that? I love all the statistics it gives you. That's a boat load of tickets, are you automated?
  19. M

    Trader P/L 2005

    I've sort of developed a new style of discretionary trading for myself (different from my usual), in the last month. This thread has gotten me motivated. I have no idea why I haven't torn things up like this earlier in my trading career. Better late than never, I guess. Did monster volume...
  20. M

    Trader P/L 2005

    Didn't make the beach, ISP came back up & saw a lot of stuff got executed, stuck around to keep an eye on it. Didn't really trade, too dicey to take on positions with my ISP (and TWS's) failures today. Managed to get outta the red at least. +3.1k MTM, +2.2k realized across all accounts.
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