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I think the bird flu issue is overblown. May happen in Africa . Or Far East Asia. Remote possiblity. Probably will be contained well. But not everywhere else.

Well, I guess for every successful trader who makes 100K+ a year, there are about 9 of us who loses 30k+ a year (the rest goes to commisions and salaries and costs to support this whole trading industries) . I guess it's not so bad.

If the stock market is really predictable, (even a day job 8-5 is not that predictable, cause you don't know when you'd get laid off the next day) ... I guess you all can say that one only need to have the desire to succeed in the order to succeed. ] Yeah, you can love trading all you want...

I told this story once here: A friend with an engineering degree from a prestigious university quit is 50K/year job to trade. He didn't make as much. Manage to bring equity to $K230 after struggling for 7 years. Lost it all in a some bad trades in 2001. Been unemployed since, cause he can't...

You guys should just leave him alone. I have seen worst guys than this in my days. (Man, I am not even 40 yet, and I talked like an old man) . This trading profession is probably the most underappreciated profession out there, and a lot of us, maybe 90 percent of us, are always on the look...

Well, Option expiry, I doubt if that would happen tomorrow Friday, But another serious down day next Monday or Tuesday, perhaps. Today was supposed to be a flat day or slightly up, but there were weakness. This indicates market really wants to go south.

This is a sad truth, but it is a well resounding Truth. A lot losers around you, although on the internet, they all sound so smart :-) And then you are alone, desparate. Be smart folks, network with real people.

Amen ... BUT ... and a big BUT ... What the heck can I do without full time internet ? LOL

LOL :-) Those AB Watley drones are still in existence ? ============ Anyone who thinks they are smart enough to quit their day jobs and take on trading usually fail. Then they usually regrets after years of not being able to find a real job.

The current real estate crash (slow cooling, but it is a crash, happened before with the stock market) will force a lot of people to go broke. Interest rate will continue to rise. But stocks will go bach higher in 2008 after a major correction from here.

I called for a Slow rising for a week. They need to shake out all the puts that have been purchase. Then after the third Friday of the Month, when option expires, that's when to determine which direction market will go. If oil prices sustain at high level, bear market it is from here on out. The...

I called for Black Tuesday, but then it was another serious Red Wednesfay. Kinda like a day off. As I said, I have seen this before. Looks like I still have the touch.

Thanks, Jim, that was very kind of you.

Anyone here trading only options ? Active Day trades ? Is it possible ? Thanks

How much does it cost for someone to fill in ? Just out of curiosity

I have had friends who file 7's, erase all credit card debts, bought a home, live nicely, as a programmer.

Oh sorry, IRS is the US taxman. I forgot, this is an international forum. Sorry about this.

Hahah LOL :-)

as far as I know, brokerage firms do not report option trades to IRS. Would this be a major loophole ? Anyone :-) ?

in terms of asset protection, tax dedutions, all legal, etc. What have you set up for your trading ? Thanks