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How about becoming a pro and trade through a US company, such as Echo, Bright, LWS etc. I would seem you only had to pay taxes on your net-proceeds then. Good thread: http://www.elitetrader.com/vb/showthread.php?threadid=3098 Edit: Finally, I you really want to make money, find some way to...

Ditto here. It appears that the DataManager counts all unique symbols you've looked at during the day. It doesn't matter if you're not looking at it any more - it still is being counted. This is clearly not a resonable interpretation of the "100 symbols" we're paying for. I'm considering ATFI...

Schwab, a few years ago, used to have similar rules/wording like this. The reason is simple. As you short (which is a sell) the proceeds goes into the account. They want to make sure that the proceeds doesn't count towards your account margin balance; so they count a short as 150% margin to...

Bilbo, usenet most often refers to the old usenet news groups. The best place to search them is: www.dejanews.com This site now is hosted by Google, so that should make searching easy. If you use Outlook (Express) or Netscape it's the newsgroups you see under "news". But since news...

I guess I'm a bit mystified by this pissing contest. We all know that Don Bright is a promoter of his company. Bright even sponsors EliteTrader. I have no issue with Don having a Bright "perspective" on his company and his competition. If he wasn't convinced that he was promoting the best...

Be very careful with Kent Calhoun. He has CFTC actions/lawsuits against him. Here is one of the many links to him at the CFTC: http://www.cftc.gov/enf/99orders/enfkentcalhoun.htm Nice to see a hobbit on Elite :)

Jem, do a search on MetaStock. There was an extensive discussion on MetaStock a month or two back. Also contains lots of good data on eSignal vs Quote.com

You have to be careful with "market orders". Depending on your routing, market orders may not even be accepted ! As an example ISLD only accepts Limit orders, but simulates market orders by placing a limit order above/below the market. You also have to understand how your broker deals...

If ARCA can figure out how to trade listed stocks as efficiently as Island, I suspect they will attract volume. Personally, I just don't like the thought of having a middleman - there is nothing as fair as an open central limit book you can execute against with no-one in between. At least...

for those with a fast trigger finger, there is often a small reversal in individual stocks about 3 minutes into the day

just train with the demo as much as you can. You can figure out how to configure it (keyboard setup, colors, columns etc). The demo has no limitations.

Two things I can think of: 1. does your LLC allow non-citizens or non-residents to join? 2. if you allow non-residents to join, you would likely be responsible for filing the appropriate tax documents in the country of the traders residence. With labor laws in Europe being what they are...

I've actually been a citizen for a few months now, but I know the process well. I immigrated from Denmark on a visa in 1991. The process usually involves applying for an H1 or L1 visa. Since this would be a new employee (not a transfer), H1 is the correct one. There are also student visa, but...

Genesis Financial Data is the best I've found. Don't let the fact that they also sell Jake Bernstein and Larry Williams stuff deter you. I have bought several complete contracts from them in the past. Good data and good software. No affiliation other than a customer. Haven't bought from them...

dufferdon, Not quite. Quicken will give you a list of trades that you can match against. E.g. you bought ABC at several prices and sold ABC at several price. As soon as you start accepting the SELL orders Quicken will list all the buys and you get to match the exact shares you want the sell...

I guess I'm not getting it. How is the fair value for a futures contract related to the trading any particular stock?

some of my systems do better on certain sectors than the overall market. So I'm not surprised if you have a system that works better on certain stocks than the ES/SPX. That being said, make sure you don't "optimize" your stock selection. It's not a surprise that you can find e.g. 5 out of...

Praetorian2: for the record I'm not a CPA - just a trader who've talked to my CPA. Also, There is an excellent series of articles by Green (http://www.greentradertax.com) in ActiveTrader Magazine (http:www.activetradermag.com). My understanding is as follows: Anyone in business for himself...

The two patterns that I've seen work over time are: 1. market tend to go up the last few days of the month and the first few days of the new month. 2. sectors that had a good month, tends to be extra strong the last week of the month and quarter.

I probably have a somewhat simplistic view on this, but I really feel that MTM and electing trader status easily can become an expensive proposition. If you don't elect MTM accounting all profit/losses are on schedule D and are not subject to self-employment tax/social security. That's a 15%...