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If I predicted 9/11, the housing crisis, and March 23 (Trump shutting down the economy), I would be setting up my foundation, rather than being on this forum...

Don't know if this has been answered before. I remember with one of my accountants (don't know which one), he had me sign a general contract...What was their duty and what was ours. We give him honest information and he prepared our taxes. In the contract it stated, unless we requested...

Here was my problem 5 years ago... https://www.elitetrader.com/et/threads/i-need-to-lose-5000-long-term-capital-gains-in-order-to-make-over-20-000-obamacare.320458/ You don't need to read the whole thread, but was trying to do a similar thing. I have been thinking about that situation over...

You can place limit orders, but will you get fills??

Melvin Capital...They should put it all on GameStop!!

Devil's advocate... Do you have medical, dental, 401k?? Those are tough to give up...

Assuming the OP is putting stop losses in place, immediately after the order is filled... Adjust accordingly...

I may be wrong. If you form a a corporation (even a LLC or S-Corp) you need to have your taxes done by a CPA. You may want to choose a CPA that has knowledge about trading and corporate setup...

Do not take the money into your own name. Set the new account up at the new broker, then do the transfer. If you took a check, I believe you have 30 days to get it into your new account. Beware of exit fees!! Do NOT keep moving from broker to broker. If you get pissed off with one...Try to...

Higher rate of return...At some point it becomes gambling/gaming, rather that investing/day/swing trading. You do not see the grime of day trading. I am not a day trader, but I know a few. The hours they put in...And fail. I was a farmer...My dad told me 40 years ago, "I never saw a...

Yes, taxes...But also bankruptcy. As a general contractor (with at least a million out there), all kinds of people could try and go after him for anything... One year (I was being sued about 30 years ago), I wasn't sure if I would win the case or not...It got dropped. But, since I was not...

Please listen to me...Fund your IRA. You can do it for both 2022 (till April 17th this year) and 2023 if you have income or are above a certain age. If you wish you can trade out of the IRA. You are limited to what you can do, because of federal laws. I personally would put it into SPY or...

Farmer...I'd like to ask you a question. It's not a trick...Am just wondering. Do you fund your IRA or 401k to the max?? Do you trade in it??

Pondering from your post here... https://www.elitetrader.com/et/threads/best-retail-broker-for-my-needs.372068/ You are out of your league at this time. You were asking about margin accounts. You probably need to be off of the "trading" forum and go unto the "option" forum. It's fine to...

I don't...Covered call person here. I just like to look on this thread. I hardly ever post.

No...And I am the wrong person to ask. My time lines are much longer than most peoples.

By George he's got it...

I'll give you a quote from a famous person... "A general contractor with dependable, quality subcontractors in their pockets, is like a bird in the hand". Quoted from Cabin111 I would keep your day job and just trade directionally. You put in your stops and keep them there. Find a correct...

Just of the top of my head (I am not a day trader or expert); 1. You need to study market makers and dark pools more. 2. Either you are a day trader or an investor/swing trader. It's hard to be both. 3. Your stop losses need to be MUCH tighter. One day you will wake up and the/a market has...

Just a heads up on this forum...You will be critiqued very hard on the things you have done right. People will want to know if it was a fluke or was/is it sustainable...