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Re-read. -$40. Obviously it is not possible. Unless you give your money to this guy to invest.

Correct. I believe Goldman put a price target on SVXY at -$40. So if he is forced to buy SVXY at $20, he would lose approximately $6,000 (assuming SVXY is trading near -$40).

Some more detail on question 2. If you lapse OR change seats (lease from a different seat owner on the same exchange) within 60 days there is a $300 fee. If you lapse for more than 60 days but within a year there is a $500 fee. If your lessor sells the seat you are leasing and you lease a...

I have one simple question. Why didn't you pay your approximate 2017 balance (and 2018 estimated payment) on the April 15 deadline? I know you filed an extension but you should know that it does not mean the payment deadline is pushed back too. You were essentially trading with a loan from...

August update...claims to be up 24% ytd as of August, Feb vol spike only put him down 32% "on paper". https://www.marketwatch.com/story/former-target-manager-sticks-to-volatility-strategy-that-made-him-millions-as-three-headed-horseman-looms-over-market-2018-07-31 A 2018 survival playbook...

Tick increment is 0.001, $10 per tick. https://www.cmegroup.com/trading/energy/natural-gas/natural-gas_contractSpecs_options.html

"domestic board of trade" = CME, CBOT (Chicago Board of Trade), NYMEX, etc... If you buy or lease a seat at one of the above exchanges you are registered with that particular exchange. This is different from being registered with the NFA as a commodities dealer. There is a question on the...

It should be factored into your cost basis and proceeds of each purchase and sale.

Regarding the intraday trading of the ETF this is how it works. Basic Equity ETF (SPY, XLF, etc...)= Underlying Stocks * Weight + Cash Component(Mostly accumulated dividends from underlying components) The issuer publishes a daily file that says what the weight of each underlying stock is and...

Commission is factored into gains/losses if you are considered a Trader or Investor in the eyes of the IRS. The main benefit of trader status is you get to deduct expenses on Schedule C with no limitations and can take a home office deduction. If you are considered an investor expenses that...

"It's funny how of the three or four investor conferences I go to every year with many of the worlds big players, nobody in those rooms would ever claim to make 30% annualized over their career." I know that the difference between a trader and investor is not black and white, but the picture...

He said he was going to quit his job to TRADE for a living not invest. Living off investments you would need 1M+. If you have an edge, trading it is possible to make it on much less.

rmorse is correct. I pay $1400 + $120 for ICE data + $85 for CME data(NYMEX & CBOT)

Attempt 2: From what I remember USO was a major contributor to the 2009 move because they use to roll their entire position in one day.

I don't know how to look at just 1M spreads historically so I searched March/April spreads for the last 10 years.

TT symbol is e-Brent. Data charge may differ between clearing firms. Advantage charges me 110 (85 + 25 "processing fee").

Ok I downloaded mine from IB and panicked a little but looked it over and think I figured it out. To calculate your net proceeds for the year you subtract your wash sales disallowed from your cost basis. I assume, if you get flat before EOY and stay flat for 30 days the wash sale amount...