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Sorry, but TradeStation's right, it's you who's completely confused. If you make three separate buys and sell them all at once then you've executed three trades because each purchase is recorded as a separate lot. Second, it's not the number of trades in a single day that matters. The...

C'mon now, don't give it away for him! :p

If that's their policy then how is that I've done 75 daytrades on one stock the past 4 days?

And, you go and give some poor advice yourself. It's CAPITAL GAINS that losses can be applied to. Doesn't matter how the gains were made, stock, options, futures, etc.

Not sure if this applies elsewhere, but at least in New Jersey you cannot carry losses in excess of $3K forward for state income tax on capital gains. BTW, the losses only apply against capital gains, not income.

"You have attributed conditions to villainy that simply result from stupidity" "Logic of Empire," Heinlein (1941) (Not to mention, a heaping helping of greed for good measure...)

More pablum for the paranoids... BTW, this one panned out for ya, eh? http://www.elitetrader.com/vb/showthread.php?s=&threadid=140540 You wouldn't happen to be related to stock_turd, would you?

It offers 2x the daily return, not 2x the price.

"If builders built buildings the way programmers wrote programs, the first woodpecker that came along would destroy civilization." -- Unknown

A single sentence rant with both a misspelling and misuse of the possessive form. Priceless...

Wayne, we already know how well you're doing in that area, remember this post? http://www.elitetrader.com/vb/showthread.php?s=&postid=2219064#post2219064 FWIW, you've got some good ideas, but you've got some work to do on your people skills if you intend to thrive in the world of open source.

Okay, I misunderstood your earlier comment. What you posted here is my understanding as well.

If the distribution does adjust the cost basis as a stock dividend would, and someone is up against the $3k loss limit, then having your broker reinvest the distribution is probably the best bet, agreed?

Yes, I have, BDB is great for this sort of stuff. I'm not sure why you think it's "outside" the discussion though. Remember your comment about how a long bar is bad? Well, that's a prime example of why frequency analysis is a good idea, because all long bars are not created equally...

2x gearing aside, how does day-trading these things affect someone who's flat come the end of the day? IMHO, some of these ultra-shorts have incredible intraday trends, which is easy money if you can handle the swings. So what that's it's a short-term gain? I'd expect the IRS to treat all...

My understanding is that a taxable distribution does not change the cost basis of your investment. If that's correct, you "made" the $5K distribution.

Worth every penny, completely agree.

You asked for examples of queries that weren't based on symbol and date. A key reversal, a large block trade or doing frequency analysis of price and/or volume all fall under that type of query. Well, the exact protocol would be provider dependent, but yes, in general terms it would be one...

Hmm, price and volume pattern queries, like reversals and large block trades aren't terribly esoteric. From the sound of it you've come up with a highly optimized format that lends itself quite well to stream oriented reads. How do you handle data corrections, late trades and similar...

A BLOB is a Binary Large OBject, like images, audio, etc. You might want to check into Berkely DB, which is free for personal use: http://www.oracle.com/database/berkeley-db/index.html