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Sure. Look at a chart of FAZ and ask yourself if you could afford the pain and margin as FAZ went from 40 to 115 in 19 trading days. Other than that, the concept works.

Yes. It has to do with the rollover from March to June ES contracts and IB's snapshot data volume reporting.

FAS, FAZ and all the 3x ETFs are only good for trading, they are useless for investing. The Direxion website clearly warns "Because Direxion Share ETFs seek daily investment goals, the Funds are not appropriate for "Buy and Hold" strategies, especially in volatile markets. Please read the...

Dividends pay you "to go long stock". Go to www.indexarb.com and get educated.

The market hates brokerage stocks. IBKR, TRAD, PNSN and others get no respect.

All the corporate junk bond issuers didn't get low rates on their debt.

CFTC has the FCM capital and customer cash data at the end of every month. http://www.cftc.gov/marketreports/financialdataforfcms/index.htm

Record profits gets you a stock trading at 13.40 with a P/E of 6.

You are a rare one, someone looking to volunteer to pay more taxes. One of the distinct benefits of being a trader is not having to pay the FICA tax. If you really want to pay the FICA tax then buy or lease a seat on any futures exchange. Futures exchange members are subject to the FICA tax...

Good question. 600 is a much better SPX target for the bottom. Just under 600 was the low in JAN 1996 with a test at 605 in JULY 1996.

I have been making quarterly estimated tax payments for over 30 years. The IRS rules specified on Form 1040ES say I have to make them and my brother the CPA says I have to make them. I don't want to pay the IRS any extra, so I do what is required. I have known a number of people over the...

DXH9 is a futures contract, you must file complaints with the NYBOT, CFTC and NFA not the SEC.

You are very fortunate if you are paying the IRS more than $1000 every April 15th and they are not coming after you for interest and penalties. Perhaps you have somehow made that special list of VIPs that the IRS never hassle. All of us normal taxpayers with significant nonwage income have to...

Please read the IRS rules before you make a costly mistake. Estimated Taxes Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and...

Quarterly payments apply to every trader of everything that expect to owe more than $1000 in taxes. Only losers can skip quarterly tax payments.

Because the poor pay very little in sales taxes. The poor spend the vast majority of their income on rent, utilities, food, clothing and medicine. In most states with sales taxes none of those items are subject to sales taxes. It is the people with discretionary income that get hit with the...

Are you making so much money that this is a problem? ;-) 60% * 15 % = 9% 40% * 35% = 14% Total 23% You will need to make quarterly payments. http://www.irs.gov/pub/irs-pdf/f1040es.pdf

Depends on your futures broker. Many futures brokers consider any ES position opened after 16:15 and before 09:30 EST to be overnight and require overnight margin.

Yes, indeed. Such as the complete morons in Congress that outlawed onion futures in 1958.

All public futures traders have to pay the CME Globex fees. The only way to get reduced Globex fees for index futures is by buying or leasing a CME or IMM or IOM membership. Becoming an exchange member only makes sense for traders doing thousands of round turns a month. For examples of...