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Yes, post only works and you get rebates. The rest I don’t know. I don’t use it though, because, if I remember correctly, you can’t specify this per order.

Connections

For the first time, I got to agree …. prolly something here.

I really don’t understand what exactly he did wrong. Baseless claims? He had audited results. I don’t believe he made any guarantees. Sounds like a witch hunt.

When broker lends you money, they have procedures in place to protect their money. They don’t care about the money you borrowed from someone else.

Was reading through and was curious about few things. First, I don’t think you have mentioned the degree of discretion involved in actually trading the model. If it can’t be 100% automated, then can a person confidently trade it without decades of experience with it? Second, it doesn’t sound...

But persistent! Respect!

As many people expressed here, it's just asking for headaches and broken/soured relationships. It's a life style choice. Friends and family are usually not sophisticated enough to know the difference between absolute and risk-adjusted returns. They may say something like - I quadrupled my...

Spread wealth how, by managing others money?

What you are missing is that a market order is sent to a particular exchange. That exchange has an obligation to try and fill you at the NBBO but only for the displayed size. For example, let’s say you send Buy 1000 APPL market to Nasdaq. There’s 100 shares of Best Offer displayed at NYSE...

Amen

Invest in yourself to make sure demand for your skills is high. Reduce taxes as much as possible. Maybe look into dual citizenship. No, consume more today while it’s “cheaper” than consuming tomorrow!

You are correct assuming that your goal is to maximize amount of money you can make. There are lots of talented traders who tried to manage OPM and the aggravation was not worth it for them personally.

That’s why I think it is “safer” to just create an entity. It’s a clear separation between personal taxes and business taxes, which is what I assume IRS wants. In other words they don’t want casual/hobby traders “abusing” the system.

There’s a pre-requisite to actually being consistently profitable and knowing your personal minimum ROI. If you don’t have that, I agree with you 100% Lol, you keep my Rich Daddy out of your #*%* mouth!

But that changes risk:reward of this! When I take a loan, my upside is (theoretically) unlimited and my downside is defined - like buying an option.

Man, you seem to know more than most of “regular” accountants out there! Thanks!

So in one of the documents you attached, it says below. So after form 3115 is filed, it sounds like it can be either approved or rejected. Am I misunderstanding this? Thanks, your input is very helpful. " .03 Use of mark-to-market accounting under § 475(e) or (f) is a method of ac- counting...

I would only take it if I were: 1) consistently profitable in different market regimes 2) my trading can be easily scalable to utilize the loan I would say up to 10%. If you can’t make at least that, no point trading. My friend asked me once if I would consider trading his money and I said ...

I would suggest using same back testing platform as you will use for live trading. Once you know the platform, you will look for developer familiar with that specific platform.