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Tell them you are a bum; it is easier...

My point is we did a whole bunch of those, made $1,000, then lost a $1,000; net result is scratched or made a little for a lot of effort. IB doesn't fill you, the exchanges do; everything we do is electronic. If there wasn't a lot of leverage; we wouldn't be playing ...

The money you want ...

Yes.

Yes.

This is too complicated for a link; you need a US accountant or tax attorney. If you set it up wrong, you need to fix it.

An LLC is taxed similar to a partnership; profits and losses pass through to owners, unless you elected to be taxed as a corporation, unlikely. As long as the revenue is reported as capital gains you have no US liability; unless it is reported as earned or ordinary income.

I do not think so; but why would you care?

An LLC is a pass through entity, I don't believe you have a US tax liability.

The trouble is that when OMC started to move you couldn't have gotten filled to save your life. Options are not stocks ; you will be faded. We got an OMC trade, a 20 lot, in the middle of that mess; Instant $600 winner, faded in a natural market, called to dispute the fade, in a...

Worst case is to setup two corporations; that is probably a gray enough area to make it legal; however if you have that kind of capital even retail bullets makes more sense. And I am still not sure the initial idea is illegal.

That makes more sense; however 20 real trades is not a really good sample. Good luck.

Inherited wealth; the dumbest money of all ...

That is the easy part; getting away with it is the hard part ...

When trading; shit happens ...

Everyday, I am more amazed how many stupid people are in the world ...

Experience counts ...

Very dangerous way to trade ...

Never heard of them.

Why not; other than the huge amount of capital ...