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Hey nitro, don't forget that you are also a member of the THV cult....lol.

Seth, Risk is the name of the game. You have to take on lots of it if you hope to have multiple hundred percent up years. I don't think I'm taking on too much risk though. The mwy news on wed means that there won't be any more news that's company specific in months. It's trading at just over...

On my 60k account, it isn't very difficult to make 20k a month. That's only a meager 30%. I don't see any reason that with even a 40k account, you can't make 100k+ per year pretty easilly. I know that I can cut out like 75% of my account volatility and my returns would probably only drop to...

I trade with an account that is kept at 60k. I sweep it down to that every time it gets to 70k. I don't add if it goes under 60k. That way, if I'm having a rough streak, i'm trading on much less capital and hence taking much less risk. At one point 2 weeks ago, I was down to 32k in trading...

this is my 3rd straigh year of trading. I can say that so far, I can support myself with my trading. I made 6-figures last year, and I'm up 6-figs so far this year to date. I don't live a very expensive lifestyle though. The worst part of this job is the irregularity of the gains. I went through...

For computer equipment, there is some magic number and under that number you can deduct the whole enchillada. It's enough for you to buy 2 new pc's some 21" lcd monitors and a plasma tv and have some left over for a nice desk each year.

Ok, sorry i'm not up as late as you guys. My comments are back a few pages. I have no family. I'm just talking about deductions for myself. If I ask a trader on this board to meet me at the "it's a small world" ride to discuss scalping, and it's just me, then the airfare, hotel, rental car, and...

I am 100% positive that it is legal. That's what Bright people do. They have a bright location in every city. If you don't know someone somewhere, go to a shareholder meeting. Those are held almost every month and in every city.

http://elitetrader.com/vb/showthread.php?s=&threadid=4786 I finally found a goood link after some searching.

Thanx. Guess I have to buy the book.

Here's one that my accountant told me about that I use now. Next time you take a vacation, keep all the hotel, car rental and plane tix receipts. Then go to the et board and take one of us out to a bar for some drinks. It's called "networking" or "business meetings". It's fully legal, and...

Makes sense to me. Makes total sense. I think that about 10 individuals who I am friends with own stock in THV to the tune of about 100k shares total, yet only my father has the slightest idea of what the company does. None of them intend to do any research. They all intend to rely on me, yet...

say your form of account is market to market, then how would you account for it?

OK, then what would I need to do. I looked up partnerships in my librar, and I couldn't find anything useful. I don't mind paying like 50 bux for a book though. Could I build the fund to any size though, or are there limits on the number of people allowed, the account sizes, or the investment...

Assuming that I don't want to trade futures, just stocks and options, is that a fee that I have to pay, or is that a fee that every person who gives me money has to pay. If the total fund is over 200k, then what do I have to do, and do I have to pay more? I'm sorry this is getting so long. I bet...

I think that lacking any true data, the best option is for us to mindlessly speculate for about 5 more pages until something better comes along.

What's the 1000 registration fee thing mean? If someone gives me like 20k, would they have to pay 1k a year to let me trade with them? that's a bit extreme. What are the requirements for the participants for the two types of partnerships. I thought that there was a minimum net worth/personal...

Aaron, can you give some more information on how to set up the partnership you described, or a link/book on the subject.

Will all the information that I need be in that book, won't I still need lawyers to set up the bank thing? I'd be trading equities only, will I not need the people to be acredited, I thought that was essential.

Once again, thanx, What's the deal with the 200k minimum. I was planning on putting at least 200k of my own funds into a hedge fund. Can you only have 200k max in it? What do you do once you breach that level?