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Since when does IT operations and app support earn 50%? Research making 200%? Transfer those to sales traders, developers, and IB... those are the people that make $$$. I am guessing WallstYouth is in IT. Office Assistants count the money IT makes sure the money doesn't short circuit...

What Don said sounds great. Getting income directly is a lot simpler, but wouldn't you rather save money? True, it may cost a bit to hire a CPA and save your receipts but I think it is worth it in the long run. Especially so if you plan to trade professionally for a long time. Why not get a...

What prop firm are you at?

With either one you can deduct operating expenses. Both are subject to double taxation, but in different ways. The difference is that a owner of a Corporation is subject to taxation twice by the time it gets to the owners (in the form of salary), once as corporate income tax, and another...

If you have unlimited capital and tolerance to risk, and like to dig your own grave. Why not go the opposite direction on a losing position? :eek:

I think it was in perspective. As the account size grows, being able to produce a good return becomes more difficult. Returning 78% on a penny stock is easy compared to trading hundreds of round lots a year.

78% on how much equity? :confused: Returning that on $1,000 is one thing, returning it on $100,000 is quite another.

(Last trade was SellShort 500 SHU @ 63.05) 9:01 am PST, Noon ET Getting ready to CoverShort 500 SHU ps: too much portfolio turnover for small money.... since there is a lot of I rate fear, I may look to REITs or something on the gaining end of the market.:p

May go down below 63. SHU is looking weak Sell Short 500 SHU @ 63.05

1/2 as many shares this time Sell Short 500 of SHU at 63.15 chart attached. News Note: SHU is valued over $65 with today's announced merger with Public Storage. This may be a good swing trade for a week or so... prob look at buying it before close today.

I shorted at 63.23, and it is. at 63.14. Cover short at 63.14. Made 9c per share. Pretty expensive stock though....

i made those initial trades too hastily, without knowing more about the "personalities" of the stocks earlier. I have been watching the Bid/Ask spread for SHU to find when I can cover my short. It is at 63.17 now, and I sold short at 63.23.

shorted SHU at 63.23, 1000 shares

Getting hammered on the Longs... should prob think of shorting the Losers. Value Change: -2.49% Yahoo ScreenCap is attached.

Feeling the burn on FTGX, so I sold out half of it at 3.30 and bought BLS since it seemed to bottom out. By the way, BLS is BellSouth, and is trading on high vol because (in case you didn't know) it is being bought by AT&T at $37 per share. chart attached...

FTGX is kinda depressed, should have waited longer to enter the Long. Same thing with BLS and FNSR. Seems like 9:30 is a good time to see where the market heads, probably trending that way till Noon. As of now, portfolio Value Change is -.26%. :(

Hi All, this thread will be my journal for Tu 3/7 to comment on my paper trades through Yahoo. Your comments will be appreciated. On Market Open.... Date Type Symbol Shares Price Amount Mar 7 Buy FNSR 4,000 4.52 18,091.00 Mar 7 Buy IVIL 1,250 8.38 10,486.00 Mar 7 Buy BLS...