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And sorry for being dense, but "provisioning" means providing liquidity (ie putting orders on the board)? Do you mean that a strategy that provides liquidity is valuable because so many strategies now rely on taking liquidity and those in a position to provide are collecting the spread +...

Thanks for really helpful perspective. A few more details & responses: I don't usually scale in and out in any systematic way. Sometimes I'll take a full position, decide I REALLY like the signal so double the position a few days later, and occasionally I'll take half off the table...

Granted, fundraising is tough. Really tough. I know just believing it doesn't make it so. That said, me believing that a strategy scales 10x or 100x from where it is (currently about $500K in gross exposure) is a necessary but not sufficient condition to grow. Put another way, I'm not...

I've got a mechanical stock rotation strategy focused on a specific and somewhat illiquid set of stock tickers. It backtests well, it's performed equally well in the past 11 months of live trading, and I've looked at it from enough different angles to be confident that it contains a source of...

To bmm's earlier question: yes you need to set up an account for the LLC. Don't think there's any way around that, your logic about it being solely yours notwithstanding.

Thanks SSB - that's encouraging. I'm not planning to charge fees at all so it's only the existence of an LLC account being controlled by a non-pro FFA account. I really don't want to pay $150 / mo or change brokers.

Bumping this thread up a few years... I'm in this exact spot today - setting up an LLC, already have a FFA that I use for my current accounts (non-pro, no fees charged, no RIA, etc...). Could anyone with recent experience like this verify whether I will still likely be able to not pay pro...

No idea. That'd be up to your trading LLC contract I think

Not a tax expert/lawyer/CPA etc... but I think: Only trades made thru the LLC would be part of the entity. Thus you could elect MTM within 70 days but that would only count towards the Dec-09 trades and onward. You could choose to claim trader tax status on your 2009 return for 2009...

A couple of thoughts after two days working with TradingDiaryPro. Initial imrpessions were good, not great. It had a number of handy views (win/loss %, expectancy, etc...) but lacked a lot of refinements, like being able to click to drill down into a chart bar, see portfolio measures like...

Before enduring a flaming wrath, let me say that I've read up on the nuances of trader tax status, MTM elections, entity formations, etc... I've even spoken with a very knowledgeable trader tax expert about my options for filing TT status. He's recommended that I set up an SMLLC S Corp and go...

This is the best yet - supports Interactive Brokers with bulk downloads, <$100 a year, just what I was looking for. Going to trial it now

Incredibly useful list - thanks for sharing!

I'll add to this crowd. I'm looking for a nice package that will import my historical trades from IB, plot them visibly on a chart that hopefully I can customize to evaluate my past performance. I'm currently looking at Amibroker, but unclear how to import my significant trading history...