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Take Barclay Hedge for example. Looking at their January monthly, top CTAs managing <$10M earned 8.93-38.76% while CTAs managing >$10M earned 6.74-14.33%.

Managing 2% monthly return on $100K vs $10M is a totally different ball game, both psychologically and in risk.

I don't really think it's about % earned more then money made. Making 2% a month on $100K isn't that hard. That's only $2,000. The big traders/investors manage $10s of millions. So 2% would be a huge deal. But what do I know.

I'm done for today. $720 net.

None the less, I turned over $608.75 net last night/this morning.

I'm not too sure either. I'm new to trading. The 50 trades has been since I begun, not tonight. I average $94/contract on /zb, $2.50/side commission.

Tonight has been much slower. New to futures. Figured trading at night would pose less risk. So far so good. 15 winning trade streak. My total W/L for trades is 43/7

From last night. I believe my commission left me at $460 net. Tonight, I'm $170 net. Will be $225 once my current contract fills.

I had to deposit $2500 to open the sub-account to cover any losses the firm gets from my trades. However in the section, it says this. To secure Your obligation for such Trader Losses, and secure the professional services of the Company, You must deposit into the Trader Sub-Account a minimum...

I have only spoken to 3 people. An inactive CPA SCORE mentor told me it's considered ordinary income since I am a contractor to the firm and they pay me. If the profits were going directly to an account in my name, it would be considered otherwise. However my friend whose an accounting student...

Basically I trade their capital in the sub-account created when I applied. The account, capital and stock purchases are their property. I was just issued a sub-account with buying power. So say I make $1K Monday then lose $500 Tuesday. The Net P/L is $500 and that's how much I'd get paid...

My name is on the sub-account, which the contract states is for accounting purposes only. All stocks and capital is owned by the broker.

Well I get paid a cut, which is a commission. This would be ordinary income, not capital gains.

And that was just an example.

I'm just trying to determine whether capital gains applies to me or not. I've gotten differentiating opinions from several CPAs. I reviewed my contract and it states all shares bought under my sub-account are property of the broker and not me, and that they are responsible for all trade...

So basically, traders never win. $78,000 GROSS -$15,356.25 Federal Income Tax -$19,500 Capital Gains Tax -$5,205 VA State Income Tax -$11,934 FICA $26,004.75 NET I thought I was doing great this past year.

I have an Indie Contractor status for an offshore firm trading with their capital and sub-account. I am a US resident. Should I pay capital gains tax or no? Technically the firm is paying me, and my income isn't directly from the profits of trading. I currently just have my employer information...

Is there anything illegal in using an offshore account? Or is it just the risk of the firm stealing my money?

I took that test 3 times and they all varied greatly. First was 92. Second was 131. Third was 122.

I smoke weed 30 minutes before market open and take some addy. I quit for the day when I make my goal. This is the only preparation I have mentally.