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I'm not trying to talk you out of it. Just be very careful if you do.

40 y/o New Orleans Professional Gambler

A lot of the issuers are removing or raising caps on the cash-advance balance transfer fees so your APR is gigantic. If it is capped at a low amount and you can borrow 20k or something it's not a bad deal. You need to absolutely sure of the fee structure before you start doing this, and be...

I'm in the middle and would be shut out. None of their business interfering with private investment partnerships in the first place. Traveler

Their interface takes a little getting used to. It assume you're hitting the bid to sell or lifting the offer to buy if you just click on a price and hit T. If you want to join the bid/offer on a limit order you have to click the opposite bid/offer and change the limit price. Or click the...

Is Tradestation off the list due to lack of portfolio testing?

So I can sleep in everyday and someone else can watch the open.

That would be buying volatility. But you lose if the low volatility continues longer than you can hold your position.

This doesn't answer your question but you could also consider doing it in the cash market leveraged to the hilt. Might be more liquidity in DIA. Traveler

Your stats are great. I have a feeling a lot of guys here might be better off investing in your fund rather than trying to go it alone. Especially when you consider many startup traders are at 100% margin to equity ratio or pretty close.

You're talking about a broker dealer auto-filling you at the national best bid/offer from their own inventory, right? This is common with discount brokers, in conjunction with payment for order flow. If you're not getting filled at the inside quote on a market order you are getting ripped...

Perhaps someone could just transcribe the thing into text and then no one would care about it anymore. It's only valuable because it's rare.

Make it available electronically and you will have a lot of buyers.

I think the IRS comes into play in the rules for how IRA assets can be invested. It specifically says that IRA assets can't be pledged for a loan without disqualification. It also mentions art and collectibles in the same fashion. Perhaps some clever financial engineer can come up with an IRA...

My rationale for needing 2-3x salary to go it alone is to make up for hard costs of benefits and insurance, but the majority of the markup is to make up for the opportunity cost of leaving a stable job. Traveler

What's the big deal about not being able to e-file? Unless you are concerned about getting a refund back quickly it is a non-issue to file on paper. As long as you're not filling the paper forms out by hand, at least :) For the sake of brevity, I wonder if the IRS will let you aggregate...

You probably need to put up more margin to keep this from happening in the first place. That will probably make your strategies a lot less effective per $ of capital. Another solution is to use an account at a prop trading shop that will give you risk-based haircut margins rather than...

They could solve this without a big hassle (for the IRS) by requiring Ebay to issue 1099-misc's for gross yearly sales. Traveler

I agree. When I said "highest deductible he could afford" it might be a very low one if he already has tons of ongoing healthcare needs. Just depends on how much he spends a year on healthcare and what deals he can get on coverage. Like anything in trading it depends on your risk tolerance...

It's a negative EV bet. Choose the highest deductible you can afford and invest the premium difference to pay for when you get sick. You can get quotes on websites like ehealthinsurance.com I personally have Assurant Health. It's $200 month (rises 20% each year) and has a $2400 deductible...