Search results

And those "deep pockets" are printing presses. Man, lower rates encourage inflation; in the meantime savings are rotting away in 2% MM accounts. The big positive I'm personally looking for is getting a house next year at a decent price at a very good rate.

If you "Fight the Fed" does it mean you short the stock market? In other words the Fed dropping rates guarantees a continued rise in equity markets? I just don't understand what this thread is supposed to be inferring.

As unpopular as he may be, didn't he just win a primary in South Carolina or something?

This guy's reaction is nothing compared to what I'm capable of. I have been much more embarrassing myself even on smaller losses or even on trades that ultimately go my way. I'll scream and curse as loud as I can and come up with the most obscene, blasphemous combinations of words you can...

I've lost around $40K twice. The first loss in 2006 left me with $25K and I almost gave up trading. The 2nd loss wasn't as devastating.

Your motherboard has both AGP and PCI-E slots? That's not very common. I have had success running nVidia (PCI) and ATI (AGP) together so different manufacturers could work. (But this was on a computer I built, not on a Dell like yours.)

A lot of good info and links. Thanks to all! Street Carp

That sounds good. I will feel better next year if I get trader status and use Mark-to-Market accounting with no concern for wash sales. Thanks Tracy. Street Carp

Found some good information here: http://www.thestreet.com/basics/tradertaxes/716334.html and here: http://www.tradejuice.com/traders-tax/claim-defend-trader-status.htm

No, it was just those two trades. First I gained, then I lost big a week later. I didn't buy it again.

No, that's when you are required to have $25K in your account because you are deemed a day trader. I want trader status because what is important to me is being able to change my accounting method to Mark-to-market so I will not have to have to deal with "wash sale" rules and I can use a...

That was poor wording on my part, sorry. Let me put it this way: If I am not allowed to deduct this "wash sale" loss then a $80k overall profit for the year becomes a $100.5k profit I'd owe taxes on. In essence I'd be paying tax on a phantom "gain" of $20,500 if I were not able to deduct it...

I don't use Turbo tax because of my present situation (for one I rent) I just take the standard deduction. The only difficulty is the time-consuming use of schedule D. But after I get trader status I won't have to worry about that either.

scriabinop23, Thanks for the response. No, the trades occurred in back in June and I was in and out of each trade in one day. BTW, I'm not taking anyones response as gospel either. I know there are many delusional losers there are hanging out in forums because the can't succeed in the real...

I'm not sure what to take from this. This is the career trader section. I will assume a few people here do their own taxes and can help clarify the "wash rule". Not a matter of life and death...

So you are saying the fact I profited first means the loss a week later can still be deducted? Thanks, Street Carp

Here's the situation... I am a day trader and soon I will be doing my own taxes. During 2007 one day I sold a stock for a $500 profit. Then one week later I entered a new trade on the identical stock and lost $20,500 on it. (Less than 30 days away from each other.) Does the wash sale rule...

How about during the year one day you sell stock XYZ for a small $500 profit and one week later you enter a new trade on the same XYZ stock and eventually lose $20,500 on it. (Both during the same year.) Does the wash sale rule require you to pay tax on $21,000 ($500 gain + $20,500 wash...

Connect your modem into a router and then connect the router to both computers which shares the connection between the two. You shouldn't have to contact your ISP and you won't have to pay any extra for this since it's the same speed, only shared. You should be able to find a decent router for...

So the video you are running right now is a removable card and not integrated? If so there are cards available that can run 4 monitors by themselves. You can just replace the one you have and just have one card. For best results when adding a 2nd card you want both to be of the same chipset...