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watch what happens when this thing loses 70k.

The k-1 does blow but even the most basic tax software like Turbotax can handle this form easily enough. Reporting P/L from a K-1 isn't nearly as hard as preparing one.

LOLOL!! This would only be a temporary move above 2 bucks. :D

Fly, you're a tough old fart but you're telling it like it is. If you're reading charts and selling the thing short when the 9 MACD crosses the 26 MACD Corporate America equates that to Gambler but if you started an LLC or maybe an LP, or even an S-Corp and did something other than MACD then...

There is one major detail that Americans don't understand. The Fed is made up of Member Banks, which include BSC, LEH (both toast) GS, MER, MS, C, JPM, Bank of New York, State Street Bank, and a few others, and all these banks have been insured by AIG. When the Fed bails out these banks they...

Regulation is coming on Forex too and when the world switches to a one-world currency Forex will no longer exist. Big changes coming for sure!

MSFT started in a Harvard dorm room as....ummmm.....well....you can guess, A SMALL BUSINESS! Grief!

GE is a complete fraud of a business. If you are interested in some research on this company look up how they use their financial division to prop up the profits in all their other divisions. The have manipulated their earnings since the early days of Jack Welch. Take away thier finance...

It will take a minimum of a decade for this to come back. How is the economy going to grow without consumers using their houses as ATM machines to buy the next generation Hummer? The general public is still buying stocks because the talking heads keep telling them this is the buying...

I doubt anyone will touch you, especially a firm with no deposit. I graduated from a Teir 2 school with a high GPA and I got one interview and no offers so I figured fuck 'em, I got the internet :mad:

I was planning on going to medical school when I was finished with college but cold beer, fast cars, and hot women got in the way. Instead, I got into trading. I'm a pretty good trader and I make about as much as I would as a doctor but if I had to do it all over again I would pick medicine in...

Trading isn't gambling -- I take issue with your use of the word "bet."

The ideal degree would be a major in Mathematics, preferably statistics, and a minor in computer science. For good measure, throw Finance 101 in there. Or, you could switch Computer Science and Mathematics with the minor in math being primarily stats.

LOL. That's probably true. "Sign here or I'll cap your punk ass" :D

A consumption only tax will never happen in the US because the current tax code gives the government an incredible amount of control over the masses. If Obama and Co want to put hedge funds out of business, for example, they simply raise taxes to the point where hedge funds will exit the market...

We already pay at least 63%. By the time you add up all the various taxes you get deducted from your paycheck to all the various taxes you pay once you begin to spend your paycheck I'd be it adds up to somewhere in the area of 63%. Whatever the number, the current tax code is oppressive and...

Another thing you may want to consider is a 2-person Limited Partnership, perfect if you are married. This can be very useful for what you are considering and can clear up some of the problems associated with doing it as an individual. Again, you gotta get a pro to set it up right.

Yes. You can elect it on a per account basis but you need to consult with a professional before you do this. There are advantages and disadvantages to this election and you need to understand all the ramifications of this election. Some more info on it...

Ain't that the truth. There, Their, They're is just one example of why the English language is so difficult.

What do you call a guy who speaks three languages? Trilingual. What do you call a guy who speaks two languages? Bilingual. What do you call a guy who speaks one language? American. Sorry, couldn't help it. I hope I speled all those words write. Carp, spelled speled wrong and I meant...