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Don't worry, the Fed will print $916B and everyone will be fine.

I was not able to short QQQQ this morning. Does this happen often? It is surprising to me that such a liquid ETF is not shortable.

As a trader I think your "must-win" spirit should be reserved for the masses for its rhetorical appeal but not a guiding principle for policies. Does it help to declare “must win!” when you enter a trade?

This is the utmost hypocrisy I have seen so far. By your accounting method, we must value the F&L of the people of Sudan at 0$ per head.

I just don't like stupid people, that's all.

Bush would be the worst trader ever...

How does the slappage % change with order size?

I think the carry over stops at a profitable trade. The $3000 limit only applies to ordinary income (e.g. W-2), for trading income there is no limit how much carryover loss you can offset.

That's probably true. But I think IRS should really work out a better definition to make better sense.

If you frequently trade one stock (say QQQQ, long only, no rest period longer than 30 days), by definition all your losing closes are wash sales which can't be counted in the P/L tally, so you would have to pay tax on your wining trades even your net P/L is negative, and this can go on year...

Is it possible to have a long-only strategy that makes money even in a down market?

With all these talks about offshore, evryone should be reminded that for short term trading it does not have any benefit. Short term profits are taxed on foreign account as ordinary income made in the US. So if you are a short term trader, stop dreaming.

Does anyone know if short term trading profit (not capital gain) is subject to taxation for a foreign account?

I'm not sure how you can avoid taxes by going offshore. Don't you have to trade through a US brokerage account? Then wouldn't there be tax withold on profits?

I have over 5000 trades in 2006. On my 1099-B I got a total sales proceeds, but then there is a "SUPPLEMENTAL TAX INFORMATION" which lists all buy transactions. Using these information it shows a profit that's more than three times what I actually made! I'm a day trader and there is no mark to...

I have a similar problem with my equity trades. On my 1099-B I got a total sales proceeds, but then there is a "SUPPLEMENTAL TAX INFORMATION" which lists all buy transactions. Using these information it shows a profit that's more than twice what I actually made. I'm a day trader and there is...

Ha Ha Ha... Just like 70% of the people think they are in the top 10%.

In an effrot to print out 4000 trades and reduce postage (as well as save the forests), I'd like to know if I can use very small font for schedule D. Is there a requirement for minimum font size?

I use Atomic Clock Sync as well. It did not update for DST for me.

Please, where did you get the patch?