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Sorry I am ignorant on this point. If I route to IEX through IB, does it use IEX's smart routing technology? If not, what is the point of routing to IEX through IB?

I really like golang. If it had a native decimal type, it would be even more convenient for writing financial applications.

The problem is that this area of the tax code is so specialized that probably 10% of professionals understand the nuances.

Or you can take the time to understand the relevant tax code and not have to deal with so-called "professionals" who are sometimes worse than nothing at all.

This is just terrible advice if you are trading securities actively and have high expenses. You'll be losing out on thousands of dollars per year.

What is the rationale behind 1.? That doesn't seem to make logical sense to me. If I work 8 hours a day on programming an automated trading system that made many trades a day, surely I would be considered a trader in terms of the IRS.

Yep, I totally get it. If it were me I would end up writing a computer program to track all my bitcoin transactions and automatically spit out a tax form. But that's just because I'm anal about that type of thing.

Total combined losses are capped at 3K.

Okay, well maybe I don't know what I'm talking about. However, when I set up a STP order and then go into modify the order ticket, the "Allow this order to be triggered or filled outside of regular trading hours" checkbox is disabled. If I change the order type to a STP LMT, those two checkboxes...

So basically you are rolling the dice and hoping the IRS doesn't inspect your bitcoin or altcoin activities. That is a viable strategy, but it is not how I choose to run my finances. The problem with bitcoin (in terms of taxes), is that it is not easy to keep track of all your transactions properly.

I think you can do stop-limit orders outside regular hours. There just has to be a limit associated with the stop. You can't just have a regular stop (that converts into a market order) for pre and post-market.

Not to be a complete dick, but these are the kind of details you need to think about before using bitcoin (how it is going to affect your tax reporting). Hopefully, your buys/sells resulted in a trivial profit/loss that would be overlooked by the IRS.

Do you mean your order was active during pre-market trading (i.e., before 9:30am EST)? I think IB prohibits any market orders (including stops without limits) during pre and post-market trading because of liquidity concerns.

There is no one close to IB in terms of its total package. I would not be nearly as profitable a trader if IB were not in the picture and that is just a 100% fact. I do agree that they can do better though.

Here is a counterargument. As a trader, it seems like you would want more insider trading because then chart/tape reading becomes more informative.

I have never traded binary options but here is my advice: Stay far far away. Consider getting a brain surgeon to cut out any brain matter devoted to binary options so that it won't be a problem for you in the future.

It seems like this new order type won't actually help much because of what you say. But I don't see it hurting retail orders either.

Maybe you should never liquidate your position. Then you can sleep better at night and you won't ever have to "create liquidity against your own position."

Man you've given me a great idea. Going to buy: no2trader.com no3trader.com no4trader.com no5trader.com no6trader.com no7trader.com no8trader.com no9trader.com no10trader.com Those websites will be for all the traders who don't think they could ever become #1. But would settle for 2-10.

The war on cash continues. Nobody wins.