Search results

How do you short a mutual fund?

From Schedule D Instructions (D-3): http://www.irs.gov/pub/irs-pdf/i1040sd.pdf From Schedule SE (SE-3): http://www.irs.gov/pub/irs-pdf/i1040sse.pdf From the above, it is clear to me that securities traders (i.e., no 1256 contracts) do not receive earned income from their trading...

One more thing. Even though you declare mark-to-market, you can designate accounts as investment accounts (and they would be reported on Schedule D).

If the IRS changes trading income to earned income, then individual traders get the benefits of retirement accounts (unlike now since the income is not earned). So good would come with the bad. I like it the way it is though.

No, that is incorrect. Trading income is not considered earned income.

This implies that your definition of a trend line is more accurate to some underlying truth in trend lines. It is hard to believe that your definition makes the trend line anymore accurate than the original poster's trend line.

http://quotes.nasdaq.com/reference/comlookup.stm Near the bottom you can either view the security list for NASDAQ, AMEX, or NYSE, or you can download a file for each of the exchanges.

That would suck if there was a hidden offer on ISLD a penny better than yours.

I can't remember if marketable odd lot limit orders are eligible for routing to the NYSE. If you read IB's section on odd lot orders, it implies that they are not eligible. If this is the case, then I think you will find that if prices touch your limit price on a chart, you won't necessarily...

There are odd lot abuse rules on the NYSE, Amex, and even ARCAEx. In order to comply with these odd lot abuse rules, IB chooses to take a simple approach and prevent odd lot routing to these destinations (unless you are closing a position).

Just wait until Dell needs to pad their numbers for the quarter. You'll get your deals then.

Man, that would be great. However, that never happens in these incidents. The little guy always gets reamed.

Any idea what this IB bulletin is about? Typical - ISLAND busting trades 3+ hours late.

Another Niederhoffer in the making?

Depends on what kind of trading you do. Certainly EOD traders can essentially make their own hours that fit their lifestyle. Furthermore, if you are willing to automate all or parts of your trading, that can free yourself up for other activities.

What if someone sells 6,000 shares at $9.99 and you have a reserve order for 5,000 shares to buy at $10 (showing 1,000). and there is another bid at $9.99 for 5,000 shares. What would happen in this case? Who gets the fill of the other 4,000 shares? I.e., is there a discrete amount of time...

You mean iceberg orders?

Thanks for your response. Just so I get this crystal clear (bare with me), I have a followup question: Suppose I bought MSFT in post-market (after 4pm) on the 9th. In terms of when settlement occurs, would this be the same as buying MSFT the next day during normal market hours?

I have searched for an answer to this question but have not been successful. Suppose I bought 100 MSFT on Tuesday March 9th. On Friday, March 12th, the trade will settle. At what time does the trade settle on the 12th? Before the open? At the close? If you can provide a reference, that...

http://www.thesmokinggun.com/archive/fakemillion1.html