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  1. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    That's the excuse my wife makes when she wants to spend more. :)
  2. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Not to me. I've been audited a couple of times. Not something to legitimately fear unless you're trying to "get away with something". The last time I had my taxes done by a CPA it cost $500+. I queried, "is your software just Turbo Tax on steroids"? He said yes. Not worth it to have him do it.
  3. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Might be for those who have elected "trader status"... but if memory serves, that eliminates the possibility of any gains being taxes at long term capital gains rates. Somebody please correct this if wrong.
  4. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Highly unlikely, though you apparently don't realize it.
  5. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    If you make an error about "loss carry forward" or "wash sale deductions"... the IRS will just send you a letter explaining it. Then if you wish, you can dispute and refute what's in the letter. Eventually it will be "settled by mail." The end result will be the same whether a high-priced CPA...
  6. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Not really a concern. "Significant IRS actions" (meaning they did more than just sent you a letter) are generally not about "mistakes in calculations". Unless you're intent on committing fraud, there's nothing to worry about. You won't have any real problem from the IRS unless you...
  7. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Should have... but it's yet another way to screw certain taxpayers.
  8. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    "He who loses his money the slowest is the winner (relative)?
  9. Scataphagos

    Do I pay taxes on earnings for the year even if total account is a loss?

    Assuming you're paying US Federal Income taxes... your losses are "carried over" and deductible @ $3,000/yr. Any gains you have are applied to and offset to your remaining "carried forward loss balance". So.... between deducting "$3,000/yr" and "profits since your losses", you get to recover...
  10. Scataphagos

    Any value in watching tick data?

    That chart looks tradable... same info you'd get on the 1-minute chart, though. That doesn't look "too manic".... much less so than an ES tic chart, however. So.... I'll stand corrected as applied "in some cases".
  11. Scataphagos

    Any value in watching tick data?

    One could make the same argument for any issue. Tic chart watching is very manic... too much so, IMO.
  12. Scataphagos

    Young Americans prefer Venezuela to US

    Young Americans don't know "come here" from "sic 'em". They believe what their teachers, professors, social media, celebs, and hateful Lefty politicians tell them what they should believe. They shouldn't be allowed to vote until they're old enough to think for themselves... like age 30 or 35...
  13. Scataphagos

    Russian sanctions approved by Congress halted by white house

    How would they do that? Threaten to "not emigrate to America" and suck tit on the American tax payer... not rape our women and children? That would show us who's boss, all right.
  14. Scataphagos

    Is it possible to become rich by trading?

    Not impossible, but difficult. You're likely starting with a small amount of money... which you need to compound at a significant rate over significant time. If able to do that and your account gets large enough that you can make a significant amount of money in one year, then getting wealthy...
  15. Scataphagos

    Democrats vs. Republicans

    __________________________________________________________ "YUGE tax cuts" were mostly for corporations. The hoi polloi mostly got a small one. And a few of us.... we "Tax Donkeys"... got a tax increase. :(
  16. Scataphagos

    Physics Vs Prediction in Trading

    TOTAL HOGWASH! Shame on you for posting such bilge. Are you TRYING TO FUCK OVER THE MINDS OF ASPIRING TRADERS?? If your assertions are correct, then the market is nothing more than "random noise"... with "no regularities" to be traded with a probability of success. That is NOT correct!!
  17. Scataphagos

    Physics Vs Prediction in Trading

    Traded correctly... you don't "catch momentum"... it rather "catches you".
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