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By the way, does anyone have any idea why profit.ly has a "Libyan" domain name? The "ly" domain is supposed to be for Libya. I'm not saying profit.ly is located in Libya (I really have no idea) but it just seems weird to me.

Nobel prize? True American Hero? LMAO!

That's exactly my point.

Even if it is really a documented fact, then it doesn't necessarily follow that he could continue that type of success on his own without having suckers to front-run or sell subscriptions to. In other words, just because someone is able to do well in the market for a few years with high...

LOL...I agree with your point...also Tim Sykes runs profit.ly as well. That makes me suspicious that any favorable information about him on those sites may not exactly be the unbiased truth...LOL. (even though I do like Investimonials in general). My opinion is that Sykes is taking...

I realize I am allowed to adjust my UUP cost basis upwardly to reflect this so-called income, as stated on the Sales Schedule. However, that doesn't help me in 2012, since I already have a capital loss carryover that is greater than my 2012 gains, and so I have a loss of 3K in 2012 for federal...

Workingslave, My advice, from this point forward, is stop trying to daytrade. It's obviously not working, and you're just wasting your time. I have given up on daytrading myself. It's too stressful, and results in too many trades that need to be reported. You COULD trade futures and...

Isn't the Money Flow indicator really just based on a moving average crossover? Even if not, is it really proven to work any better than an ordinary MA crossover? I have my doubts as to whether any of his so-called proprietary indicators are any better than garden variety indicators. There...

It doesn't really matter. I'm just curious. I always thought that, even if his trading method were profitable for himself, it wouldn't work well for most people (too stressful and too risky).

Does anyone know if he ever traded his way back and recovered the 312K he lost from that trade? (and not just recovered it from collecting subscription fees)

Robert Hoffman....LOL!

Actually, they still send me monthly statements via email, with all zeros even, even though I pulled the money out a long time ago. It is kind of strange to still be receiving statements.

I had no problems with them , but, after the MF Global debacle, I got nervous about "futures-only brokers" and I decided to close out my account at the beginning of the year. I was using NinjaTrader for free, with the Zen-Fire feed, which is more expensive than another feed that they started...

It seems to my my only options are: 1) Simply, do not take the wash sale(s) on the non-covered trades, since the 1099-B failed to upwardly adjust the cost basis of the covered trades involving replacement shares that caused the wash sale for the non-covered trades. If ever questioned about...

What kind of error(s) are on the 1099?

My request to have the trades classified as non-covered trades was denied. They say that the since the exchange treats the ETF as equity stock, the trades need to be reported as covered in 2011, although they have no explanation as to why a different broker (begins with an I) classified trades...

Covered means the cost basis has to be reported on the 1099-B, and non-covered means it doesn't have to be reported there. On an IRS page it says the following: "7. When do these reporting requirements go into effect? For stock in a corporation, the applicable date is January 1, 2011...

Okay, well, given that this securitiy is an ETF, and it is NOT a requirement that this particular ETF be classified as a covered transaction for trades made in 2011, then I am going to request that they re-issue me a corrected 1099-B with all my trades in that ETF be reclassified as non-covered...

P.S. No matter what I decide to do, I plan on including, with my tax return, a copy of an email sent from my broker which shows the clearing Agent's response indicating that they are unable to adjust covered shares to account for wash sales of non-covered shares, etc. J.

Clearing firm (name began with a P, now begins with an A) won't adjust cost basis of covered shares to account for wash sales of non-covered shares. I've been trying to get my 1099-B corrected since April, and was just ultimately told by my broker that the clearing firm (used to being with a...