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I am not an attorney (/disclaimer). I was incorporated as an LLC for trading purposes for three years. I found a better way than the do-it-yourself LLC kit was to hire a tax lawyer to structure a set of entities to save me money. I now pay about half the tax that I did as a member of an LLC...

>>I've been a day trader for five months but still can only made $2000~$4000 per months and I dont think I could do any better in the future.>> Well, part of me wants to lambaste you for doing so well, so soon. But congratulations on your success! Given that you are already more successful...

1. Congratulations on your success. You are already in the top 10% of traders for staying in trading for more than a year. 2. I can only assume that you are not a speculative trader, but a conservative one, and that is why more of your money is not in the market. With this in mind, I concur...

>>How can an intentional action be a mistake? Unless you fell over onto a gun trigger and killed someone by accident, you'd be lying to describe it as anything other than deliberate.>> I agree to cut the guy a break, he is asking for advice, not for another trial. I am afraid the only one...

I would agree with TudorJones. If you are geared toward instant scalping, then stocks would not be for you. If you like to watch a trade unfold over a number of days, then intraday futures would not be a good choice. Have you spent time with all the major trading instruments to see what you...

l2tradr, Yes it is possible to net $30k per year, after taxes and expenses, from a $30k account, but not probable. It is possible to create a system, or work someone else's system, to deliver that kind of profit. It has been done. It is being done today. However, systems are slaves to the...

My strategy is to distribute half of my account balance everytime my equity reaches a certain level. I trade futures, so when the equity reaches a balance that comes close to the maximum number of futures contracts I can easily move to continue trading without excessive slippage, I simply...

If your # of trades is more than 1000 per month, you should look at leasing a seat on the exchange to reduce your average R/T. If you are simply trading very high numbers of shares, but not in a high frequency of trades, then you should compare brokers, as there is at least one out there who...

I started trading futures 11 years ago. I became profitable 4 years after that. I have not had a losing month since then. I took a month off once, and when the time comes you will understand why. You will have losing days, but you should never have a losing month. If you do, your system...

IB has both of your requirements met.

TradStSOX, Part of the trader's life is discipline to a set of rules that produce profit. I appreciate that your goal is to see an equity goal achieved, but I think you set yourself up for failure when you set yourself responsible for results you cannot guarantee, from factors you have no...

Nimble, If you don't follow your own rules, how do you know when they don't work? Either set in concrete a set of rules to follow for a defined period, or try different sets of rules on a sim.

>I hear a lot from my American brothers that it is a similar situation over there too.> Yes, it is. Women here want to be men, so any physical attraction to their body is dissipated by their feminism. As far as living and trading in Europe, I have done so on a temporary basis and found...

Neke, I just read your thread. Losing is part of the deal. Keep your rules and your discipline. Begin with the end in mind. You know you can do that.

Futures and options trader of 11 years. Profitable since my 4th year. IB, QuoteTracker and PFG. Now onto the issue. I am not looking to gain favor with anyone in this post, which is simply my opinion based on my experience, not on talk, at this point in time, subject to change whenever I see...