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Ahhh....never mind, I just noticed you tossed the 100k 2 weeks into Jan. Damn, that sucks!

Alright, I'm not an accountant but I don't see the issue. Making the numbers easy let's say you made 100k on options and lost the entire 100k on futures. On form 6781 you would show a 40k Short Term Capital Loss and a 60K Long Term Capital Loss. Short Term: On Schedule D you would show a...

Sometimes the truth hurts. Keep posting.

If a site posts the CFTC RULE 4.41 - HYPOTHETICAL ... it is done for a reason. If your trading results are NOT hypothetical you do not have to post this rule. This pretty much closes the case.

Went to a bar in Denver a few weeks ago and Obama began talking. Everyone came to a complete stop to listen. Bastards even turned the Jukebox down right in the middle of Baba O'Riley. :mad: When he was done the conversation quickly switched to how Obama and Co. was going to be the savior and...

It only takes one mistake to wipe out an otherwise successful career - i.e. Bill Miller and FNM. That being said, averaging down on an intra-day futures trade is quite different than averaging down on a mortgage company during a mortgage crisis. I suspect an ave-down on a futures position...

No, he is right, right, right. Risk comes from not knowing what you are doing. A debit account in stocks IS possible. Tell this to people who held BSC or ELN overnight with leverage. They woke up to a big fat negative number. Again, risk comes from not knowing what you are doing and not...

LOL. The dude is posting nothing more than the God-awful truth.

the game is not rigged, it's a pretty even playing field. You just got smacked by some news. Everyone goes through what you went through. You can't make it without blowing up at least once.

Depending on your age, health, and other factors, you may want to look into state programs for more affordable rates. Click on your state on the right. http://www.healthinsurance.org/risk_pools/

Your math is correct but as the earlier post mentioned, it's the tax on the value of the transaction so when the market turns back into a bull market the tax will gradually increase. Right now the ES is at about 850 * .005 * 50 = $212.50 tax. Now suppose the market was at 1400. 1400 * .005 *...

Precisely! Independence/Dependence is largely a factor of time. For example, if the ES futures drop for 30 consecutive minutes, stop falling for another 30-minutes and consolidate during this time, the subsequent move, measured both in magnitude and direction, from this consoidation, is...

Don't forget the assassinations of Garfield, Lincoln, and the two attempted assassinations of Andrew Jackson. Anyone who gets close to putting the Fed out of business seems to either get shot or get shot at. If Ron Paul were elected president I suspect he would be the next in line who gets a...

What puzzles me is why the government can issue a bond, which is nothing more than a promise to pay but it can't issue it's own currency, which, likewise, would be nothing more than a promise to pay. The US's debt is backed by the full faith and credit of the US Government and their power to...

On top of the tax.

The public believes it. What kind of look do you get when you tell someone you're a day trader? Do you kind of get that look of loathe? Volume will dry up initially but since the big banks will be exempt it will eventually come back. The markets will be no worse for wear if this passes...

I think you guys are a little confused about this proposed transaction tax. The tax has nothing to do with raising revenue. It's about putting day traders out of business. There will be no riots in New York City because the public supports this tax. How do you gain public support...