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  1. K

    Can Etrade be held liable?

    You're probably far more expert about the inner workings of the market and what it needs than myself. My lay opinion is that investment houses should be held to a much higher standard of duty towards their clients than they currently are held. Most of what appears on a brokerage application in...
  2. K

    Can Etrade be held liable?

    You seem awfully angry. Anyway: The crash of 1929 was caused by the combination of the consolidation of financial power, i.e., money, in the accounts of a very few members of society (robber barons), and the simultaneous action by the Federal Reserve, in restricting the money supply, such...
  3. K

    Can Etrade be held liable?

    My goal is to merely analyze your case -- I'll leave the value judgments to others. Different security instruments have different margin requirements -- most of which are set by the exchanges -- some, however, are set by the federal government. Your facts, if applied to some derivative...
  4. K

    Can Etrade be held liable?

    Under general common law legal principles, and ignoring any written contractual agreement between yourself and Etrade, the following legal theories arise: Negligence. A person has a duty of care to avoid the unreasonable risk of harm to others. If the person breaches that duty, and is the...
  5. K

    Fooled by Randomness

    The lack of interday volitility has been replaced by some pretty huge intraday swings, during the past 12 months. The dow swings up and down several hundred points every month. If you're catching those waves, you're making some pretty serious bread. But, you have to hold positions overnight, and...
  6. K

    Fooled by Randomness

    I see it. Do you have a suggestion as to how to overcome the effect? Or, are you just resigned to the knowlege that there isn't as much margin to be had as their once was?
  7. K

    Why do you prefer trading over real estate?

    I think maybe you're all being just a little bit disingenous with each other (and yourselves). The reason for trading in preference to other financial endeavors is that it's a rush. No other pecuniary action, other than pure gambling, gives you that "rush" in addition to the money (and pure...
  8. K

    Tax Question -- Joint Tenants in Common

    Free non-legal general legal advice for you: a person who republishes false and defamatory statements is jointly liable to the injured party for the defamation. So, unless you are willing to stand by the above statements as fact, i strongly suggest that you consider deleting this post.
  9. K

    Tax Question -- Joint Tenants in Common

    So, you want free legal advice, eh? LOL! Alrighty then, I'm in a benevolent mood: Disclaimer: this is general conversational opinion, not legal advice, and no attorney-client relationship nor any warranty is either expressed or implied -- furthermore you should consult with an attorney...
  10. K

    state income tax

    States have "homestead" exemptions, that permit a homeowner to preserve a certain amount of their equity from their personal residence, in the event of a Chapter 7 (total liquidation) bankruptcy, which usually results when the govt. or some private party gets a large judgment (for unpaid taxes...
  11. K

    state income tax

    I believe that the following link contains the most recent info available on this issue: http://www.taxadmin.org/fta/rate/04taxbur.html According to the above-cited list, Hawaii is the most expensive government and New Hampshire the least expensive. Property taxes are frequently left...
  12. K

    Tax Question -- Joint Tenants in Common

    In CA, the corp resolutions, minutes, etc. aren't required by the govt., but the original poster indicates that he intends to trade other people's money. Failure to keep up the appearances of a separate corporate entity is no big deal if you're a "one man show" and not dealing with the public...
  13. K

    Tax Question -- Joint Tenants in Common

    In CA, there is a minimum State Franchise tax of $800 for incorporating an S-Corp. Hopefully, you would owe more than that in state taxes ($800 is tax on about $14.5K in pre-tax net), but, if the business sits around idle, you would still owe the minimum tax for the year, unless you dissolve the...
  14. K

    how to make money

    Hope not, for your sake.
  15. K

    Possible Etrade Fraud

    You've received lots of interesting advice, thus far. Unfortunately, most of it is leading you on a wild goose chase. The first question that I have is: Is this account with ETrade, a brokerage account or a savings account (ETrade Bank), because the governmental regulatory agencies are not...
  16. K

    Market Maker Tricks

    The question that you're REALLY asking here is, "Why is it that whenever I trade, the trend suddenly goes against me?" The answer is simple: Market makers and specialists work for firms that clear their own accounts. And, their proprietary software picks up the account number of those with...
  17. K

    Section 107 & 108 of the 1976 United States Copyright Act

    If you are referring to the study, without actually copying the information verbatim, then you are not violating the copyright of the owner. Example: stating that "A recent Gallup Poll reveals that 25% of the population believes the Bible is literally true," is not a copyright violation, because...
  18. K

    Elite Trader's Gambler's Anonymous ETGA

    ES, I haven't been following your thread, but I see you're still hard at it. Could you give me a quick summary of what you've learned, thus far?
  19. K

    Looking for another broker after Freetrade closes.

    The question I have is: What volume of trades with Izone DOES qualify for a better offer?
  20. K

    What do you think of this Fair Tax proposal?

    We can argue anecdotal evidence all night long and get nowhere. But, generally, middle class people don't live in the same neighborhoods as wealthy and the homes of the wealthy usually cost several magnitudes more than the homes of the middle class. And, middle class generally drive Fords and GM...
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