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https://www.binance.com/en/futures

The real problem is that you can't set up a corporation, or any kind of business entity, because neither country will accept jurisdiction [LMAO] This is a fun read: https://www.theguardian.com/world/2016/mar/03/welcome-to-the-land-that-no-country-wants-bir-tawil

Bir Tawil is a piece a land between Egypt and Sudan that is not claimed by either country, or by any other country. I want to set up a prop firm there, so we can be free from all government regulation and authority. But I need partners and capital. Anyone interested should send me a private...

Anyone thinking about buying any NFT should have a look at this article: https://www.theatlantic.com/ideas/archive/2021/04/nfts-werent-supposed-end-like/618488/

https://www.dropbox.com/s/2a6zo2exrccgquf/Definitive%2BGuide%2Bto%2BPairs%2BTrading.pdf?dl=0

The original Bloomberg article says: Hmmm... I wonder where they found the cattle? If they weren't on the ranch, then where were they? How the hell do you hide 200,000 cows?? LMAO

An article published today by The Guardian quoted Jamie Dimon: "The US is about to enter a post-pandemic boom, according to JP Morgan boss Jamie Dimon, even though it has been 'torn and crippled by politics, as well as racial and income inequality.'" ... says the guy with an eight-figure...

'Cause the IRS says they don't have to. And their lawyers and compliance experts tell them they shouldn't do anything that's not required. And they don't want to handle calls, e-mails and other inquiries from people who think the basis is wrong, or have other questions about it. It's easier, and...

Guru is correct that the mark-to-market election cannot be made retroactively. There is an exception for a "new taxpayer," which means a newly formed business entity that is filing its very first tax return. But in general, the election must be made in advance, and it becomes effective for the...

I don't have a strong personal opinion on this. I do not claim trader tax status or use the mark-to-market election. My own trading is subject to the wash sale rules. But it doesn't affect me very often. I'm only explaining the IRS position and the theoretical rationale for the rule. I am a...

Isn't Tesla supposed to have a low carbon footprint? o_O

The wash sale rules do not apply to a dealer in stock or securities. Under the current rules, market makers do not "live in a tax free world." However, they are not subject to the wash sale rules. Their positions are marked to market at the end of the year. This effectively means that they use...

I don't think Green Trader Tax would find anything in that article to agree with or disagree with. The article is about HFT. It is not about the tax treatment of HFT. The word tax does not appear anywhere in the article. The author of the original post appears to be trying to apply some of the...

It's all about time frames. The time frame established by the rule is arbitrary, but the whole point is that if you sell and then buy the same stock within 30 days, it's a wash sale, and if you have a loss, that loss cannot be taken as a loss for tax purposes until you finally sell the stock for...

This is an interesting philosophical discussion. But the IRS has always used the trade date--not the settlement date--as the date on which a stock is bought or sold for tax purposes. I have not read the entire paper, but I did read the excerpt that you posted here. And I have some observations...

You're getting the basic concepts right. But even in a tax-deferred account (e.g., a traditional IRA or a 401(k)), the distributions are not tax free. They are tax-deferred, which means that they are subject to regular income tax when money is distributed out of the retirement plan to the...

https://www.theguardian.com/us-news/2021/mar/05/john-mcafee-indicted-court-fraud-cryptocurrency

I don't know why he thinks he has, or would want, a cash account. Most brokers require a margin account for option trading. With some brokers you can do covered calls or long calls in a cash account. But it sounds like he's talking about selling naked calls and puts, and no broker is going to...

I am familiar with various firms that act as custodian for a self-directed IRA, and they allow investments in almost anything that is not self-dealing, e.g., you can use funds in your IRA for private mortgage lending, or to buy an interest in an LLC that owns a restaurant or a pawn shop. So...