Search results

I can’t tell you I did extensive research into writing off trading losses from other income, since the idea is to trade for net profits. However, according to below article, it’s in fact possible: “Making the Sec. 475(f) election offers at least one monumental advantage. Sec. 475(d)(3)...

When one submits form 475(f) it may be accepted or rejected by IRS, is my understanding. Furthermore, TTS status may be challenged later if trading behavior changes. I have C-corp and I only trade equities and equity options. My understanding is that for corporations, at least for C-corp...

I guess he is asking how much hassle it is after you have the TTS and start writing off stuff. I can’t answer because I applied under a corp and writing off expenses under corp is the usual modus operandi. But I would also like to know the answer to his question.

Why eventually? It’s easier to qualify as an entity.

How old are you? Do you have other assets to “protect” in case of blow up? Do you have/want social security? Medical? Is it your only income stream? It’s a tough business, as you know, so I think thinking out worst-case scenarios is worth doing. That should help make the decision.

I’m curious if you could provide a use-case for such order from trader’s perspective? Adjustments only happen in one direction irrespective of underlying movement, so you just chase the bid/offer until you get hit? And if you don’t get hit, you don’t have a position. Are you trying to capture...

I can’t say that I follow economy, but I lived and invested through 2008 crash and remember how it felt. I don’t think we are anywhere close to that. The financial system was in real danger. I remember money market funds breaking the buck (they are supposed to guarantee principle), which was...

You are talking about writing your own Smart Order Router (SOR). You would need Colo, all level2, and dark pools to do it effectively. If other brokers provide direct access, they often offer access to exchange provided algos like below...

I think your best bet would be to switch to cryptos or FX for personal trading. Why HFT, are you a developer?

Do you ask them what goals they are trying to achieve? Do you tell them if they are not realistic? Do they believe you?

Lol, not as appealing

Let’s say I solicit $1MM from people because I made 1000% trading GME options during meme craze. Then I put $500k into a portfolio margin account ($3MM buying power) and I buy myself a Lamborghini with the other 500k. Is that a Ponzi scheme?

So why is it a Ponzi scheme - because they collected more assets than they could allocate to the loans? The lesson for people who want to run othe people money - stay away from church ladies.

Why did you move to Futures? Only equity index ones?

Bring the good “old” days back, please!

Oh, I look to the politicians and large corporations for moral guidance, so no worries there.

How about hosting a server in a data center within a driving distance?

Swing == Pairs?

Wow, I wander if you got a chance to pick his brains. Any lessons that you can share?