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Are you "The Prince" in the article you posted? You assume to know way too much. I'm not defending Spydertrader or the Hersheypotamus. They can handle their own. However, I take issue with your brains and self-respect comment. I was at the Vegas meeting and I assure you that I am...

Facts or not, that's how it looks from my angle. The fact that you also trade the TF makes the conflict of interest clearer. Please, no need to whip out your four-inch blotter. Save it for your customers who might be impressed.

Don't you sell trading "education" too? It's a bit humorous to see you piling on. Just sayin'. . . .

Thanks for posting that article. Was a bit wordy but contained some good laughs--some "ha ha" moments. I eventually realized that "The Prince" is in college and his (or her?) viewpoint in that context is understandable. In college I thought the financial markets made complete sense to me too...

I catch your drift. In my case, outside of a couple message boards, I no longer read about trading. This wasn't a conscious decision, it just has happened that way. I also no longer write in a journal. I record my trading sessions and speak my comments into a microphone. From time to time I...

You read Edwards and Magee every year? Impressive. That was one of the first trading books I bought, before Bassetti added his name to it, and I wasn't able to finish it once. I ended up giving it away eventually. I know it's considered "the Bible" of technical analysis. To confess, I never went...

What does "accurate" mean in trading? As in how it's calculated, like a moving average?

I think Gann already did that, the square of nine.

End of the day? No. End of the week for me. Saturday I break completely from the market and get away from the screens. From Sunday's open to Friday's close my monitors are on and my mind is on the market. After so many years and repetitions, my mind just works that way. I enjoy thinking about...

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Or to another country. . . .

haha...nice.

As one of the earlier posters alluded to, the primary benefit of claiming trader tax status is the ability to deduct expenses as above the line deductions rather than investment expenses that are subject to a 2% AGI threshold. An individual without an entity reports trading profits as capital...

You've been fortunate in the audit lotto. A full-time job is a big no-no when claiming trader tax status as an individual. I've even read somewhere that for married persons the IRS has taken the hardline position that if either spouse receives a w-2, trader tax status cannot be claimed by any of...

Monogamy.

What are the advantages of doing this? I've been trading for a long while and have had numerous people try to sell me on the idea--retirement plan, limited liability, more "legitimacy"--but I don't understand what the benefits are of doing this if you're an individual trading your own money...

You probably don't know what I am saying but you are the balding, Caucasian reincarnation of the Hitman, a Chinese guy who traded at Worldco and kept a drama-filled journal much like this one but with a lot more angst. Anyone who has been here about 10 years will know what I mean. Is it any...

If it's accurate as someone has stated that there are 1000 members, $200/member/month x 1000 members = $200,000/month = $2.4 million/year. Sounds pretty lucrative to me. My comments below are limited to trading stock index futures. Most people who claim to be "successful traders" are only...

So the 2.0 version of THE DAYTRADER is a piker who is a hero to the struggling wannabes because he is portrayed as making 100K a year doing his 60 bucks in the morning while running his chatroom charging $200/mo. I have no problem with that portrayal and effect at all. However, personally...

Escheat? That's what it sounds like the bank is claiming. Research escheat laws in New York. That's the only thing I can suggest. Good luck.