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Most CPAs I've met with haven't a clue about trading as a business. You need to get with someone who has experience in this area. IMO, you were ill-advised by your consultant, and you need reliable advice before you go filing as a trading business.

When you strip away the technical challenges, you are left here with a basic strategy of long options on ETFs, entered at the market. That's a very questionable strategy, IMO. Before you sink thousands of hours into coding, you should first be certain that your backtesting includes realistic...

InvestorRT

There is really no way to rationalize letting a trade turn into an investment. It is always a bad idea. That's why God created stops. One of his better ideas. In your present circumstances, you are looking at a terrible chart that calls for selling, not buying. I would take your licks...

The market is designed to frustrate even the best traders. Open a new account? Start a new system? Install new software or hardware? Just then it will kick your ass. It's part of the game.

I would prefer to know (1) The city he as born in, (2) His nickname as a child, and (3) The name of his favorite pet.

These trading operations and their ilk (TopStep, Collective2, WealthSignals, etc. etc. etc.) should be much more heavily regulated in terms of their advertising and promotional activities. Sending out newsletters and posting videos highlighting the results of only top traders is no different...

LOL, what a business plan. Reel in the suckers and charge them for the bait.

Use a conditional order and set a time for it to trigger in advance.

If you've changed jobs and changed professions, or lowered your salary, that may be an issue. Lenders want to see consistency in income, and profession. Call a lender. Ask your questions. They don't bite.

If you are solidly profitable to the extent that you feel comfortable paying a mortgage from your earnings, then invest the time and/or money to confer with a CPA and a mortgage lender. I have never met a conventional lender that will approve a loan based only on trading income, which they...

That is correct. Lenders want to see earned income, not trading income. Thus, you would need to form an entity and pay yourself a salary for 2 years. Or, hook up with a firm that will pay you a salary.

Keep doing what you're doing. Don't go looking for a new adventure. Recall that pigs get fed and hogs get slaughtered.

Does not work at all if you include transaction costs (slippage, spreads, fees, commissions) and taxes.

You learn by doing. Select one or two instruments with decent volatility, and spend a few thousand hours (not kidding) watching their charts in both 5 minute and daily time frames. Understand why they move, when, and how. Once you think you have a good feel for them, place your bets and start...

You don't trade anything with 2K. And anyone who suggests otherwise is doing a disservice. What you should do with your 2K is invest it in a good backtesting software package, and spend your time in simulation while you learn. There is a good reason why even the best F1 drivers in the world...

You are looking at 2-3 years of study and experience before you can even begin to understand how complex an answer is to that simple post. Basically, you haven't lost your training wheels yet, but are asking why you can't drive an F1 around the track without crashing. One good thing about...

Referencing your opening post, there are three red flags right away. (1) Starting out, (2) Options, and (3) Under capitalized. Starting any trading venture, you need to be well capitalized, because learning comes from experience, and experience in trading requires taking losses. (No pain, no...

For the first time in 11 years, I received an email today from Interactive Brokers, thanking me for my business. On this date 11 year(s) ago, you opened your account with Interactive Brokers. Thank you for being a valued client! Interactive Brokers Client Services Hell has officially frozen over!

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