Search results

1. Republicans really really care about the deficit unless they're in power, and 2. Given that the 2020 US government annual budget is $4.829 trillion - $7B for coronavirus is perfectly appropriate, and 3. You might be lacking a sense of proportion and priority. Go back to the Fed pump in the...

Is this a trick question ? Expect your New York City Democrats and Chicago Democrats to have their carve-outs. Which would mean that the banks and private equity firms are exempted. You watch.

The return doesn't matter because the face value of the bond is somewhere in value between super junky to worthless during bankruptcy. The Company ain't gonna pay the bondholders coupon payments during bankruptcy. At best, IF the Company successfully emerges from Chapter 11 they will issue new...

We now have the challenge of the severely inverted yield curve for the Fed to contend with. In essence - money market accounts pay out as much as ten year paper. Last week 1-month treasury yields are paying 22 basis points more than the 10-year yield.

US Ten Year Note Yield 0.978%

I have personally used TurboTax many times when all of my trading was entirely within the scope of 1256 approved contracts. Easy Peasy. Personally, I would have a trading tax professional do it if I was offsetting securities which were not 1256-approved as was described in the OP because Turbo...

Operative term for the OP being in his situation long term gain for securities that are not approved by IRS for blended capital gains treatment. A long time ago, I personally had an accountant "F" this up and I was audited. She said she could do it and I took her word for it. Subsequently...

I urge caution because the OP stated that he wanted to offset against a security that "was not futures related" (his words). The IRS has a very specific list of 1256 approved securities. You never got flagged because all of your positions - even offsets, were 1256 approved (as they were...

Be very careful about that - the IRS has some specific rules about 1256 securities and from my experience most accountants are NOT knowledgeable enough about MTM accounting particulars especially when it comes to offsetting positions. The internet is the last place you want to ask about tax advice.

I can't begin to tell you how many simulator scalpers have flamed out in live markets. The execution latency and order queue functionality are not comparable. In low volatility scenarios - buying at the bid and selling at the offer are important. During periods of higher volatility - you're...

Early this morning, the US Ten Year Note was trading below 1.2% for the first time.

Ten Year Note Yield 1.256%

Which I could quite neatly cut open with a bandsaw.

It's apparently safer to bury your money in a plastic bag in the back yard.

Well, of course a drug dealer is using crypto. No great shock there.

Well the security aspects of crypto has certainly not lived up to billing.

Cryptocurrencies will eliminate banking, it's the future of money, blah blah blah

Yes and no. What you said is 100 percent correct, but there are actually quite a few exceptions when it comes to the top tier proprietary trading firms. I'll give you a few great examples - DRW's cryptocurrency desk. It takes more than automation to make that thin disjointed arbitrage work...

I agree with everything you say. The big problem I have been seeing is that firms are very risk averse these days. They simply don't like the big swings that manual outright traders take.

I'm not sure what the hell these "combines" are supposed to prove. Certainly not consistency over a protracted period of time. If you are scalping manually with a mouse - that is not a very good look that real legit futures prop firms like DRW, Jump, Geneva, Peak 6, Belvidere, TransMarket are...