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Rolex trader you're already spreading bs and lies. THE IRS HAS NO SET RULES ON WHAT DEFINES A TRADER. THEY ONLY STATE IT INVOLVES SUBSTANTIAL TRADING.As i said if ones a real trader they have nothing to worry about. You're basically saying if you're really not a full time trader setup a llc and...

There's so much bs and misinformation surrounding trader taxation and formation. The only potential advantage and its really not an advantage in filling a llc is writing off your health ins and a retirement plan. The downside is you must pay the huge fica of over 15% which if you make 300k or...

95% of traders lose money but hearing don it sounds like 90% of brights make money. I can't recall don mentioning the threatening .25% transaction tax which would cripple bright and all traders overnight. Don are you organzing any preemptive fight against this?

This has been discussed and i think the conclusion is you can't short these very long without getting the short called in.now the question is do you feel lucky? will you get the short called in the middle if a huge run against you and be forced to cover causing huge loses? believe me i and...

i'm about ready to leave them as there quotes are freezing all day long every single day on any vol spike for anyone trading remote. its pitiful in this day and time they can't fix the problem when firms like redi plus or echo never have problems. its just constant excuses that its not on there...

brandon did you say you were only 30 years old in the video?

its bs talk from fucks like you that are causing this crisis. bac is cash flow positive and has huge deposit base and needs no more funding. you should be arrested for shouting fire in a crowded theatre.get lost you sorry bastard

No way in hell will they pass any type of tax on trades at dow 7k. Now when the mkt recovers in the years to come it could happen. Unfortunately with huge loses for most people there's a lot of bitterness toward wall street so this tax could happen in the future.

I'm willing to bet these will get called in after the 3 day settlement period as they have very few shares and all want to short them. The huge danger is if you're down big and they call it in you're screwed. after a huge run the way these erode its hard to lose if you hold a while. But the...

Its funny as hell cnbc nor any major online discounter from scwab to amtd has even mentioned any threat of this tax.If it were an imminent threat i promise you they would be going wild as they' re basically out of business if this passes. From what i understand this transaction tax has been...

As tons of notes on here have complained for 6 months plus lightspeed has a massive problem with stuck quotes when vol spikes. It seems to be a problem for remote people mostly. They've blamed the problem on peoples internet providers which is bunk. Its a great platform but the stuck quotes...

if and when a transaction tax comes all the stories will be meaningless as it will be game over for day traders.matter of fact many 7 figure traders i know are barely green in 2009. taking huge size has backfired this year

its time to shut the fuck up about this tax. outside the whinning on this board and a few bullshit articles like the clown from the ny times there's been no mention from any powerful senators or congress men.till we see some powerful people talking about it give it a rest

he mentioned it today and the other guests went no like it was a crazy idea. but reality is we could be facing a fight on this in second 1/2 2010 or 2011.will have to look at a foreign mkt like the dax

many clearing houses like penson show what your total gross buys were and total gross sells were on your yearly 1099. IF YOU HELD NO POSITIONS INTO THE NEW YEAR THATS YOUR PROFIT. all can say this or that but thats your profit. its all the irs cares about. they don't want to see 100k pages from...

Eric p and the rest of his gang want attention. If not they'd not be on et showing there blotters and drawing attention to themselves. They want to be respected and admired. There's nothing wrong with that but those are the facts. I was in the same room in the late 90's with the great broadway...

what about genesis's bullshit trade activity fee's? when you're throwing down 10-20 mil shares a month that adds 5-10k a month of bullshit fees and increases your per share charges .0004 per share.

Whats funny as shit is a jew fucked a jew.

Now thats freakin funny as hell. You need 7 levels of quotes on aapl when it moves 10 cents in 2 seconds 100 times a day? thats bullshit. aapl never stays still for a nanosecond much less being able to gauge level 2 patterns.guys like you pick up nickels in front of bull doziers all day long...

Dustin is 100% correct. After getting stale trading remote for years i joined a prop shop were the top 10 guys make 10k-300k each and every day.Its simply motivating to watch the top guy throw down 50k min almost every day no matter if the markets flat. It shows you the possibilities.