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The IRS states in Pub 590: You can transfer, tax free, assets (money or property) from other retirement programs (including traditional IRAs) to a traditional IRA. You can make the following kinds of transfers. 1. Transfers from one trustee to another. 2. Rollovers. 3. Transfers incident to...

I believe your friend will pay the IRS for the distribution including a pile of penalties in back interest if the IRA money did not go back into another rollover account. I did this a couple of times prior to retiring. One option in IRA rollover transfers is a check for the IRA amount made out...

I enjoyed reading your eating lessons. I learned some new ideas. I hope it works great for you. It did for me until I ran into the wall we all do. It is call age. First it was pinched nerves in my back so doc said no lifting weights at the gym anymore. Then it was constant inflamed Achilles...

The dems have no interest in cutting anything with a major election next year. They believe for every dollar of the budget that is lost a vote for their reelection is gone. They do not want to lose their seats in government. They have all seen the can kicked down the road successfully for so...

Building solid trading rules, methods to control losses, practices for defeating reoccurring mistakes, defining prudent use of funds and maintaining a consistent pnl is your best mentor. Every time you argue with yourself against these practices and change your trading you lose the trading...

No, those are for witches!! This is the one to get http://www.amazon.com/The-Noble-Collection-Lord-Voldemorts/dp/B002V0EEHC/ref=sr_1_4?ie=UTF8&qid=1311337594&sr=8-4

Shortie, I thank you for the courage you show in posting your trading thoughts. You do well in suffering the slings and arrows from outrageous ET’ers. Here are a few thoughts from an old swing trader: 1. Summer time trading has not shown me much market volume conviction up or down. But...

I trade part of my automation in the winter on IB and Multicharts. MultiCharts allows you to use TradeStations EasyLanguage which many programmers can easily learn. TradeStation has a whole group of qualified programmers and there are numerous around. I was in IT for 35 years and have...

In stocks, the most commonly watched averages are 50 and 200 days. In commodities, most moving averages are under 40 days. A popular moving average combination in futures, for example, is for 4, 9, and 18 days in averages. Many old timers (like me) learned ancient TA with the 18 day SMA as a...

Wiesman02, Yes, on ET you are told you can’t trade, trading is too hard and to trade other instruments. But some of these traders are being honest with you because they understand the price you are going have to pay to get to your goal of being a successful full time ES trader. Trading for...

Trading knowledge is not king. It’s what you do with the knowledge that makes you king. Then there’s attitude. I love it when I’m wrong and realize it. Then I got a chance to succeed. If you can’t change the facts then bend the attitudes.

You want us to open an account at Smith Barney?

A little story recently brought to mind. At the end of the 90s I worked at a bank where the stock went up on a 45 degree angle for the first 5 years I worked there. People all around me marveled at the bank stock, called it “Safe” and had all of their 401k retirement savings in that bank...

http://www.investopedia.com/terms/s/sma.asp

I understand what you are saying. But, using “…coffee shop…” was not a good example. I sold computers to people in that industry and went to their food shows. All I ever heard from other vendors was “…sell it to them quick. Most restaurants don’t make it through the first year...

Good call so far.

Trading is a small business and small businesses have a 90% failure rate. Look for my post on the following page as to why both fail: http://www.elitetrader.com/vb/showthread.php?s=&postid=3187474&highlight=Small+Business+Administration+failure#post3187474 I have run a computer retail...

Never act on tips. You may get one that works. That is the worst thing that could happen. Because the next tip you take could crush you.:D

Xbaha, Current markets do have a great deal to do with the execution of a strategy. Price bars may have characteristics in the current market that match the trader’s strategy. But it is the change in these price bars characteristics that may stop the strategy dead in its tracks in the...