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  1. J

    White house causes terror scare

    Louis Caldera is a direct Obama appointment. “Louis has served his country with distinction in uniform and in government, and his pedigree is second-to-none. I know he’ll bring to the White House the same dedication and integrity that have earned him the highest praise in every post, from...
  2. J

    ES open and close times

    Open: Monday to Thursday 16:30 EDT, Sunday 18:00 EDT Close: Monday to Friday 16:15 EDT Note: Daily maintenance shutdown 17:30-18:00 EDT http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html
  3. J

    $10000 limit on money market accounts

    Known as CTR - Currency Transaction Report http://www.irs.gov/compliance/enforcement/article/0,,id=113003,00.html
  4. J

    UK Tax Rates 50%....USA Next ?

    Here is the best part of the new UK 50% income tax rate - it will raise almost no new revenue. From the New York Times: "By government calculations, the 50 percent rate, for all those who earn more than £150,000 a year, about $216,750, will raise about $2.6 billion in additional revenues, a...
  5. J

    $10000 limit on money market accounts

    There is no such government limit on deposits. The only rule is that cash deposits of $10K or more have to be reported to the government. What would supermarkets do with all their cash and checks if they could only deposit $10K a day? How could multiple banks be currently offering jumbo money...
  6. J

    UK Tax Rates 50%....USA Next ?

    Why not just kill all the rich people and permanently eliminate their blight on society? Then you could pay all the taxes.
  7. J

    UK Tax Rates 50%....USA Next ?

    Back in the 1960's when the Beatles wrote the song "Tax Man" the top tax rate in Great Britain was 19 shillings and sixpence on the Pound. That was a tax rate of 97.5%.
  8. J

    Posting a chart with Quotetracker

    You then save the QT chart as a .gif file and do as you please with the .gif file.
  9. J

    FAZ/FAS math

    You don't seem to realize what a danger you are to yourself by not properly understanding the risk involved in a double short of the long side and short side 3x ETFs. In the second post in this thread I pointed out "How much would you have enjoyed being short FAZ when it tripled in a month...
  10. J

    Where did the "90% are losers myth come from?

    The problem here is that the premise of the thread is incorrect. The often quoted phrase is "90% of FUTURES traders lose money" not "90% of ALL traders lose money". To gain valuable insight read the book "The Futures Game: Who Wins, Who Loses, & Why" by Richard J. Teweles.
  11. J

    Deflation Death Spiral Grips Spain

    "Nowhere is this cycle more evident than in Spain. Last month, it became the first of the 16 nations that use the euro to record a negative inflation rate. The drop, though just 0.1 percent, had not happened since the government began tracking inflation in 1961, and Spanish officials have said...
  12. J

    Do you pay TAX after trading profits if you live in Nevada USA?

    Nevada has no state income tax, so no state tax on trading income.
  13. J

    3.3V computer voltage at 2.6-2.8

    500W power supplies are readily available. Not a good idea to replace a 500W power supply with a 450W. If you couldn't get a 500W you should have gotten a 550W or higher.
  14. J

    Interactive Brokers Options

    Only the quarterly options and futures are cash settled. The in the money options for the other 8 months settle into the underlying futures contract. From CMEGroup website: "Option exercise results in a position in the underlying cash-settled Futures contract. Options which are in-the-money...
  15. J

    Interactive Brokers Options

    IB most certainly charges for futures and futures options assignment/exercise and expiration as specified on their website. "Futures and Futures Options: Charged the futures options & futures commission. Charged fees at expiration. Bundled fees are charged even if the customer has...
  16. J

    Taxes if you move out of California

    Calfornia cannot tax your pension income after you leave the state as it is prohibited under the Federal Taxation of Pension Income Act of 1995. Both California and New York were taxing pension income of former residents in the late 1980's and early 1990's and this lead to the Federal law...
  17. J

    Interactive Brokers Options

    The expired short April 800 ES call will be exercised into short 1 ES June contract at 800, thus closing out your long ES June contract. Your profit is the call premium plus the 50 points between the ES contract cost and the strike price minus the double commissions. Your long 1 ES June...
  18. J

    Skipping the brokerage, and going just through the clearing firm

    Why do you think that you can "avoid the execution fee and the brokerage" by dealing with a clearing firm? Almost every large brokerage firm is a clearing firm and they charge all the standard fees.
  19. J

    Can you short stock in Roth IRA?

    From the IB website: "US IRA accounts are never allowed to borrow cash (have a debit balance or short stocks) in a Reg T Margin account. "
  20. J

    Warning: Don't trust IB's TWS Portfolio page or Trades Report for positions

    What does your audit trail show? Does the audit trail show the cancel order and that the cancel order was acknowledged? Or does the audit trail show only the cancel order and that the cancel order was never acknowledged? IB should be asking any customer with a problem like this to look at and...
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