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michealday: “Can you please tell me what does TF [mean]?” I knew I shoulda’ changed that abbreviation. It’s my cryptic way of shortening the words “time frame”. Sorry for the confusion. “In your opinion which instrument is more suitable for novice futures trader: NQ, ES or...

ron2368: “The 3k is what you are allowed to apply from last years losses to this year.” You can use your Capital Losses from this year to offset your Capital Gains from the same year. Capital Gains and Capital Losses are calculated separately for each year. If your Capital Losses exceed...

Aranha: “What do you mean by "ACCESS TO FAST CASH QUOTES"?” I talked a bit about it in the thread below: http://www.elitetrader.com/vb/showthread.php?s=&threadid=2076&perpage=6&pagenumber=3

jmcgraw: “My question is about the $3000 loss write-off limit. Under basic short-term capital gains rates, do you pay taxes on $30,000, $50,000-$3000?” $30,000. The $3000 Capital Loss deduction limit can be applied to other income if your Capital Losses exceed your Capital Gains...

juggernaut: “1226 was a major S/R line and that's very well why it bounced off there at 11:00” My comment was intended to address your original assertion that 1226 specifically was a “line” or “point” of support and not an “area” as you’ve revised in your recent post...

michealday: “Notice at 11am in two minutes 16 points up exactly at the moment when chart is telling you to go short.” There was a valid short-term sell signal, according to my system, as of the 9:50 CST bar (1234.00). Interestingly, this was generated on the NQ but just missed being...

GaretJax: “NQ's change before the Comp changes so you can't watch it for trend signals like you can when trading nasdaq stocks.” NQ is the Nasdaq 100 contract. Unless you have access to “fast” cash quotes, I would avoid using the NDX or the Composite for short-term signals. The...

damonjanis: “I traded the S&P e-mini today and was profitable. I won't let it go to my head.” Excellent post. IMHO, you’ve expressed a bit of wisdom that is likely to allow you to be in an appropriate mental state so that you may have the best possible chance of holding onto those...

Island. DO NOT route to the AMEX.

pethof: “In this faulty situation, the prices within the tick bar are around zero in steps of 1 tick.” I’ve not observed this when using the tick bar, but then I rarely use it for orders. The DOM feature, though, has displayed the same phenomena you’ve described, albeit very...

NKNY: “Richard Dennis's partner , I can't recall his last name, william was his first…” Eckhardt.

Tradewinds: “Am I reading correctly that the mini-Dow only traded 56 contracts on its first day?” Yup. Pretty quiet... err, dead.

larrybf: “NOW given my trading parameters should i stick with trading the NQ or should I switch to the ES mini. I am making money now... If you’re comfortable with the NQ and you're making money, I see no reason for you to rush over to the ES. You may find it worthwhile to put up a chart...

WarEagle: “Can you tell me what CQG charges for their feed plus exchange fees for both globex and a/c/e quotes?” Don’t quote me on this, but I believe the base package, which includes the exchanges you asked about, is about $560.00/month for a non-pro. That’s bare bones. Stock...

WarEagle: "Anyone know which data providers will be carrying the new CBOT contracts?" I'm running them now. I use CQG. DT-waw: "If commissions at IB will be 2.95USD for 1 contract, You must earn 3 pts just to cover commission costs." Yup, commissions and liquidity will be important...

For those traders that have not heard: As of today, the mini Dow (YJ) is available through the CBOT/Eurex a/c/e platform. It is a very small contract. Initial Margin requirements are $1,080 per contract. Depending on commissions and liquidity, it may prove to be fertile ground to grow...

Aranha: “which data vendors/softwares offer this "MARKET DEPTH" for futures?” Any broker using Patsystems J-Trader. IB offers a DOM feature of their own design. In addition you can view, courtesy of vitajex, the CME’s free web version: http://207.121.190.247/WebQuote/fortune50a.html

Certain futures and options transactions are taxed as though 60% of your gain is long term and 40% is short term regardless of the holding period.

Jens: “I experienced that discipline is definitely the most important key to success combined with experience, patience, good risk management and a positive state of mind towards being successful.” I like your post, Jens. -Discipline to engage in tedious and laborious research...

Hitman: “If you are not profitable, either your style is fundamentally wrong (99.99% of the styles directly taken from books), or it is not the right style for you, keep looking.” Actually, I believe the correct figure is 99.983%.