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  1. G

    Busting the “Paid What You’re Worth” Myth

    The more people you manage the higher is your pay.
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    VIX spread question

    If you want to be short M1 and long M2, the price of M2 is higher than the price of M1 and the spread value is positive then you will make money when the spread between them grows. For that you buy the spread.
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    The Capitalists Will Sell Us the Rope with Which We Will Hang

    Explain yourself. It's a balance between risk taking and risk aversion. Govt is for stability and financial safety, while risk takers should be allowed to fail.
  4. G

    The Capitalists Will Sell Us the Rope with Which We Will Hang

    Govt can run its own public bank for people who don't trust private banks.
  5. G

    Transitioning From Sports Betting to Trading

    Was any of the advises useful to you?
  6. G

    Socialism for the Rich and Capitalism for the Poor !

    Where does the FED get the money from? What is its money generating business?
  7. G

    The Jim Cramer ETFs have arrived

    What is its symbol?
  8. G

    confused about w-2 and 1099B

    Here is a good video which I believe might help:
  9. G

    Is my 1099-B incorrect?

    I am saying if you choose 1256 section to report, use Box 11 from your broker and you will be fine. If you don't select 1256 section to report, report your own accounting and you will be fine too. And as somebody advised here, talk to your broker to change your accounting preferances.
  10. G

    Is my 1099-B incorrect?

    I sincerely don't understand your problem. In TurboTax if you choose anything but 1256 section contracts option, 1256 form reported by broker becomes irrelevant and it's upon you to enter all your data.
  11. G

    My story on a narrow escape from FTX. Could have escaped 100% but didn't ...

    Good post. Deserves to be an article in some magazine.
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    VIX options: Sec. 1256?

    Cash settled options are covered by sect 1256.
  13. G

    Is my 1099-B incorrect?

    Your broker does not care about your IRS trouble. Something to keep in mind. Just use your broker's December statement to show IRS your open positions at the end of the year. My understanding is that you just want to move amount from Box 8 to Box 10.
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    Is my 1099-B incorrect?

    Whatever broker reported does not matter much as its in your right to agree or disagree with his reporting. Its your filing with the IRS that counts if you want to conduct your own accounting and prove it to the IRS with detailed records. Arguing with your broker about his mistakes won't do any...
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    Is my 1099-B incorrect?

    You seem to be right, but once again I repeat myself, you report only Box 11 in taxes and if it makes sense why bother.
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    Is my 1099-B incorrect?

    Even for the position closed in 2022, its P/L is still MTM P/L regardless of whether it was opened in 2022 or carried over from previous years. Since your box 9 is 0, all your positions were opened in 2022 and if they were closed in 2022 or continue into 2023 P/L calculations are still MTM...
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    Is my 1099-B incorrect?

    If you are trading only futures, not sure where discrepancies could possibly come from? The futures prices are pretty much straightforward. Not sure where the broker could make a mistake.
  18. G

    Is my 1099-B incorrect?

    This should be the formula: (11) = (10) - (9) + (8) Check if the reported numbers agree with it. Secondly, pls explain in what way realized P/L calcs differ from MTM P/L calcs as you see it. Possibly with examples. To me they look the same.
  19. G

    Trading is an art form and its also intuitive

    From within? Stock going up or down is a signal already. Basic one but a signal. Your internal intuition does not seem to be isolated from the outside world. Any other signals to trigger your intuition?
  20. G

    Unexpected National Holiday Question

    I presume the options will expire with a price derived from the last closing price of the undelying symbol. But this should not change the fact the last stock price is as random as it's predicted by the statistical model.
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