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Is this treated like a USD account in a foreign bank, or an account in a US bank? I mean can you do ACH transfer from another US bank? It appears it is just a USD account in a foreign, since you pay international wire fees.

Yes the CPA is right. If you claimed only $3000 in 2005 against your other income, then the remaining $21000 carried forward can be claimed against your capital gains in 2006. That will still leave $1000 of unclaimed losses you can offset againt your other income (from employment for example)...

you "graduated" from Ameritrade? I thought that meant a move down! Commissionwise, I find it cheaper to trade at Ameritrade based on my size than IB. When my account size was sub-5K, I found IB ideal because of the cheap commission when you are trading 100 or 200 shares. But immediately the...

Yes, I agree the DNDN trade was a bit "crazy". I initially intended to short a little of the stock, there were no shares available. So there I was watching for 30 minutes, and the stock was acting strong and not pulling back appreciably even as the volume increased. So I "nibbled in", buying...

There is no charge at Ameritrade. It is silly. If they want the option market to be liquid, people should be encouraged to participate, and not ripped off by market markers. It is insane seeing spreads of as much as 50% (bid $0.50, ask $1.00). which means if you buy and immediately realise it is...

Weekly Update for week ended 3/30/2007 Glad to report a very good week, bordering on spectacular, even without a remarkable trade. One trade almost ruined my gains though: Bought 1000 DNDN 18.73 premarket, 1000 @ 15.65, 1000 @ 14.87. Went for a meeting, came back and saw the stock at 12.7...

This is a sad story on indiscriminate outsourcing. Etrade seems to place profitability above trust and protecting the assets of their clients. The clients account information is obviously accessible to Indian hackers over there, and they must have raided your account. I hope this serves to...

From $0.10 to $47 in 27 years. Not accounting for dividends, that is 25% annualised. That is not so impressive for a day/swing-trader like the folks on this forum. If you apply yourself to studying the markets, it may be achievable (if you can stay trading for 27 years), but it will not be with...

Weekly Update Correction for last week's report: Total profitable trades is 18 and not 16 as previously reported. Very good week, though not spectacular. Lots of trades, profitable and losing. Glad to finish the week on the upside. Below is the result for this week, and the cumulative...

I think we should discuss on the merits of the case. I believe it is sheer discrimination, just because the SEC wants to give an appearance it is maintaining orderliness in the markets. I equally had less than $25000, but traded my balance above that. It was frustrating having to sit out a...

OK, look at it this way. To hit 500K at year end, assuming no withdrawals, I need to make just less than 5% a week. (we are talking compounded). Now on a balance of 78K, that is 3.9K. Sure as the balance increases so will the dollar amount. But this is just to put it in perspective when you...

RIDICULOUS you are thinking this way. I showed you my record for 2005. Why do you think it is impossible? That you have never achieved that does not mean there is nobody able to do it.

Actually, the best trade was also on LEND. Friday pre-market got in at 11.30 and got out 3 minutes later at 12.80 for a gain of nearly 5K, before the stock started trending lower after market opened. Obviously after three days of rallies, it was due for a pull-back. Well, I do no intend to...

Update for Week 3 ended 3/9/2007 ----------------------------------- Sigh of relief. Good week after the disaster that was last week. Did any body catch the bounce in LEND? Entered in at 5.00 on Wednesday, exited at 5.40 (too chicken-hearted to stay to close of market). Wondering what the...

Yes, you got it. I pyramided on a loss, and got roasted.

I once logged on to his fund of market wizards hedge-funds web site, and wanted to register. After asking for my financial information, they mailed me with a declination. Apparently I am not rich enough to be in his league. Looking at his performance though when trading futures (as revealed in...

Is there any reason why folks trading sub $1 stocks do not use brokers like Ameritrade. Theirs is a flat $10 per trade regardless of number of shares.

Update for Week 2 --------------------------------------- Painful friday to cap a painful week. Lost 5.8K on a trade today. Balance B/F 73021 Loss for the week (8927) ------------------------------------ Balance C/F: 64094 Number of Trades 25 Number of Profitable Trades 10

That's supposed to be a joke I guess

Thanks for your insightful observation. It has been my target to take out money from time to time. I would still be delighted if I COULD HAVE reached my target after adjusting for withdrawals. As for the January loss, it was due to some stupid veangeance option trades, all in a two-day period...