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  1. M

    i've lost 400k the last 2 months i'm quitting

    CDE up nicely today. I agree some resistance may be had at $5.
  2. M

    Hedgeking and Others.........

    5 Important lessons you should learn: 1) Never risk more than 10% of your portfolio in any one stock. 2) Choose an exit point if the trade does not go in your favor. 3) Fundamentally understand what you are buying. If you looked at the fundamentals on your 2 stocks, you would have seen...
  3. M

    i've lost 400k the last 2 months i'm quitting

    Get your money back...buy CDE...stock is moving up and with commodities scarce, will most likely atleast double from here. Disclosure: I am long recently at $4.21 and $4.77. Good luck.
  4. M

    Who uses a Schedule C for their Trading?

    What makes someone be so unfriendly? Honestly. I feel sorry for you. Hope you find a way to be happier.
  5. M

    i've lost 400k the last 2 months i'm quitting

    When I was on the retail side, I saw a guy deposit $1.8mm inheritance check and in 18 months he owed the brokerage $20,000. Everything he touched turned to crap. His biggest mistake..betting too much on one or two stocks. Lesson here: Never risk more than 10% in any one position of your...
  6. M

    Who uses a Schedule C for their Trading?

    Krazykari Right on man..... I only believe that certain people can qualify for Schedule C status.
  7. M

    Who uses a Schedule C for their Trading?

    Thanks. I would rather come across as honest and doing the right thing than some cocky SOB that thinks they know it all. Like I said 50 places, 50 answers. Anyone that tells you they know it all is someone to avoid. I have been doing taxes a long time. All I tell my clients is that I do the...
  8. M

    Who uses a Schedule C for their Trading?

    I don't think I worded it right. Anyways, thanks for the info....definitely alot to study up on. You have to be careful because the IRS has been tough on people with this classification. Take care
  9. M

    Who uses a Schedule C for their Trading?

    Not true. It is not as basic as you think. Do some research......lots of variables. Good luck.
  10. M

    Who uses a Schedule C for their Trading?

    The IRS rules are not concrete BUT I believe that if you truly choose Trading as your occupation, then you can qualify for a Schedule C. p.s. Is anyone 100% sure of themself in understanding the tax code? If they say yes, they are lying. Many times financial publications have taken a tax...
  11. M

    Who uses a Schedule C for their Trading?

    I am a Registered Tax Preparer and think that if this is your full time occupation, then you can do it. The benefits are lots of writeoffs and you build a Social Security fund for yourself. Also, since most of your trades are short term, you are taxed at the same rate anyways. I still think...
  12. M

    Any advice on Colorado? Careers, economy?

    We just ate at Pete's Kitchen while visiting down on Colfax...great breakfast place. The best! I think the cross street is Race. Take care...
  13. M

    Offered Institutional Trader Job..What To Expect?

    Ulcers, backaches and strict hours. That is the beauty of trading for yourself...feel like taking a day or an hour or two off, you can. In your job, you will be expected to be sharp every minute, every day. good luck....sorry if I sound a little bitter.
  14. M

    Any advice on Colorado? Careers, economy?

    I am originally from Ohio Will that help? I actually may consider trading part time and doing something like Real Estate Appraisal part time for some steady money. I hope people don't discriminate against me because I lived in CA for awhile. Trust me, I do not have CA values. That is my...
  15. M

    Any advice on Colorado? Careers, economy?

    We just visited and love North part of Denver area. Very family friendly and the people are great. I think it would be a nice break from the Los Angelezation of CA.
  16. M

    Any advice on Colorado? Careers, economy?

    Are there jobs for people with trading experience in Colorado? If yes, where would be a good place to start? Also, anyone have any good recruiters in Colorado to contact? I love the area and the people seem great there. My concern is the job market. Like I have mentioned, I can trade my own...
  17. M

    scottrade employees

    I think total package is around 40...atleast here in CA. Not much in other words..Good luck
  18. M

    Health Insurance

    The US healthcare crisis is a nightmare. Sooner or later it affects all of us if you live long enough.
  19. M

    Anyone use a Schedule C for Trading?

    I am thinking of running it like a business. Anyone doing this? Any problems?
  20. M

    Health Insurance

    What do you stay at home traders do for health insurance? My wife does not work. thanks
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