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Believe or not, but I still have this letter (it was a letter !) as response for my EIN application. Good thing about this is, at least I know that IRS treat also others this way. I thought that was only me having such bad luck. Thx so much Laz, this way it makes me better . :)

And last, but my favorite: :) What do You think is average in the market. I know profit based fees, but how about others ?

Right from the beginning ? No way, there is so much to learn first:D Another (para)legal issue: Do you do your corporate taxes yourself ? Corporate tax seems to be quite complicated, but CPA are not that costly as lawyers ? And one more: what about corporation S versus C, does it have...

So, the truth as usuall, is in the middle between two extremes. I agree, it all depends. If my fund has multiM assets I would go for legal help. There is too much risk then and legal expenses are easier to cover, otherwise you can always sacrifice your time to learn something new, and what is...

I absolutely agree, just asking. This would be another topic here, while at many times things are obvious, just messed up, giving room for some money to be made. Once You learn how to handle any legal procedure yourself, and compare to the price for such service you get the piece of biting reality.

Thanks. Once I tried to get another EIN from IRS, and was told that I have to use the one I got already no matter how many businesses I start. But I understand that was DBA, so another world, another story. One more Q: do You guys think, that a lawyer would be necessary ? Did You do your...

Canyonman, well You`re right, time runs fast. Just a while ago I asked about opening virtual biz account in NJ and I`ve got that look at the banking branch like someone trying to do anything tricky. It`s good to know, that the things have moved up a little.

This Vegas idea is so impressive... But seriously, looks like paper job is quite simple. BTW I already have EIN and as far as I know no matter how many businesses You have there, is only one EIN assigned to You (at least this is what I got from IRS regarding this matter, would You agree ?)...

Aaron, thanks again for your help. What specific about us is, that most our customers are from Europe, and I prefer to deal with US regulations, which I am more familiar with, so we want to establish partnership in US. The only problem I can see is that we need to open bank account and I don`t...

I understand that lawyer would have a lot to say about this, but I am very interested in practical side - advantages and disadvantages coming from your experience. Thx

This is big business brother, which means it needs a lot of fresh meat. And don`t expect them to understand what they`re doing. The difference between pro trader and average "customer investor" is dramatical. If You are pro, it means You`ve been through tons of educational garbage. From this...

By my experience, the reason is always the same, which is psychological. Most losers I know always look for something better (I was doing the same, so it`s very well remembered how it worked :) ). My belief is that, through the experience, market acceptance comes in. With all these "dos and...

I never wanted to say that those theories are wrong, buy through the years of trading I tested many sound concepts, not profitable though. I`m not saying they were wrong ! Just not suitable for real trading. For the markets I agree with the concept of living being. Thus long term prediction...

And all is clear so far. Thank You so much Paul, for all insights.

I trade also futures systems so I know the pain :) The last one thing which hits me in my studies: many times hedging on one side e.g. starting from long call gives almost same results as starting from straddle ???

Paul, this sounds very interesting and realistic. Thanks for all insights. How would You figure real expectations towards performance using this technique ? What ups and downs might be realistic to accept ?

BTW: how old are You, EF ?

Paul, that`s exactly what my studies show. I understand that expecting bigger moves is expecting volatility growing. But question in long term run is what is P/L ratio ? Hedging delta should give limited risk, but limited profits though. So, how would You define the art of adjustments ? Is...

Thank`s for all. So scalping from the floor gives again better results, due to spreads and commissions. But the question is whether doing this off-floor needs as many adjustments for the same reasons. Doing this right before expiration is very interesting idea, thanks.

Nothing. This means either: gamma scalping is a real money-maker secret or well known money-loser junk :)