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  1. S

    IB directed orders and conflict of interest

    Sorry, maybe my comment doesn't apply - I use the bundled commissions setting.
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    IB directed orders and conflict of interest

    Are you talking API orders or manual orders? Because manual direct orders cost the same as SMART orders.
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    Really Cramer and the Najarians didn't know about early releases?

    This is probably the least offensive lie Cramer has told.
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    Flash Crash Update

    My feeling is you can't prevent crashes. The price goes to where it wants to go. If you have limit-up, limit-down days, where trading ceases, it seems like it would cause even more panic because you can't act. Are there any legitimate studies or instances that show that a cooling off period...
  5. S

    Bernanke press conference yesterday

    One explanation: Bernanke is beginning to lose control of the bond market. He must be really puzzled right now why his ass is being handed to him on a silver platter.
  6. S

    College professors complain their jobs are being taken by online education.

    I'm pretty confident that it won't just affect liberal arts schools.
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    Fed will start tapering QE in September

    I guarantee the Fed won't start tapering in Sept. How many times have their been rumors of QE tapering and it didn't happen? Fool me once... Besides, it's not in the Fed's DNA.
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    Why is there no inflation?

    What, because the packages got smaller? Sure they've been "coming in a bit" per oz.? I call bullsh*t.
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    RM's occasional market calls...

    95% of the time he pumps companies that come on his show.
  10. S

    IB: Price below limit

    I've missed a few opportunities in pre/post market trading because of this ridiculous capping "feature". However, that was a month or two ago and I haven't been stung by it since I filed numerous complaints. Maybe it is possible they are continually tweaking the algorithm to make it better...
  11. S

    Why is bloomberg so freaking fast?

    All of it is written in assembly language?
  12. S

    Wash sales does not apply to ETFs?

    Read: http://www.smartmoney.com/taxes/income/understanding-the-wash-sale-rules-9860/ Especially the "substantially identical" portion of it. You're definitely not playing conservatively if you substitute one ETF for a similar ETF in order to avoid a wash sale.
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    Global Macro Trading Journal

    Seems like you have to wait for some sort of positive price action before entering (giving you some low to put a stop around). The way the precious metals are trading, they could be much closer to $0 in a couple of days, but who really knows?
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    Wash sales does not apply to ETFs?

    Also, note that if your K-1 shows a gain in one of the boxes, that usually means you get to increase your cost basis for that partnership assuming you got rid of all of your units before yearend. So in other words, for short term traders, usually all this K-1 stuff is a formality that doesn't...
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    Wash sales does not apply to ETFs?

    Well, in my opinion, Tax Package Support is currently misrepresenting your K-1. My opinion might not mean anything, but it is confirmed by other K-1 preparers, namely Partner Data Link.
  16. S

    Wash sales does not apply to ETFs?

    You are considered a limited partner of that fund and they are reporting to you your share of the partnership's gains and losses on that Form K-1. You point out that line that needs to be transferred to Schedule D, but that is just capital gains from the partnership and has nothing to do with...
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    Wash sales does not apply to ETFs?

    Yes, UVXY provides a K-1, but that does not mean you don't have to report your paired buy/sells of it on Form 8949. The K-1 is independent of Form 8949 and does not replace it. I am pretty sure you can have wash sales involving UVXY. Please show me some tax code if I am wrong.
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    How to calculate wash sales using LIFO?

    My first suggestion would be to double check to see what kind of tax reporting your broker provides you. Is it possible they are already doing these calculations for you? My second suggestion would be to really familiarize yourself with the wash sale rules and see if you can manually...
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    Tax help, I am paying now 35%/AMT

    Your percentage seems high to me unless you are making serious coin. I have trader status and can write off business expenses. If you have a self proprietor business then you don't pay self-employment tax because your income is not considered earned income (of course you can't contribute to a...
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    BitCoin - Intellectual Fraud or a Stunning Idea??

    Wouldn't that prohibit transactions in foreign currencies or am I misinterpreting your question? The US tax law already handles all types of foreign currency transactions, and bitcoins would full under that law. So all transactions, at the time of the transaction, are virtually converted to US...
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