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    Petition to fix tax rules for active traders

    >>The IRS needs to either enforce or change the wash sale rules to better coordinate broker and taxpayer reporting. Not sure how the IRS can enforce the wash sale rules. Should it go by brokers reporting or taxpayer reporting? If it's taxpayer reporting then how the IRS can argue with what the...
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    which broker (not IB) for low span based margin requiremens

    Well, he pays money to solicit customers and he has a legit business. Nothing like yourself.
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    which broker (not IB) for low span based margin requiremens

    So what? Is there anything wrong with that?
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    What I learnt in a year of trading stocks

    You will be better off if you buy and hold ( forever ) broad based indices like MDY.
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    What I learnt in a year of trading stocks

    you will be better off just with buy and hold
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    Best vehicle to short the bond market?

    if the US bond market then TBF, TBT
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    Open options help needed-father recently passed and open options in one of his accounts

    I bet your father planned to hold those options until expiration or he wouldn't buy such far out expiries.
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    New Tax on All Stock Trades

    Everybody here knows you are talking out of your a$$.
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    New Tax on All Stock Trades

    What is your math if you have any?
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    MOC on NYSE did not execute

    BTW here is another document that talks about closing auction http://www1.nyse.com/pdfs/8764_NYSEArca_FAQ_110225.pdf
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    MOC on NYSE did not execute

    Aren't you taking a gamble with this kind of order anyway because the outcome is uncertain and there is a real possibility it won't be filled?
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    MOC on NYSE did not execute

    would this be helpful? https://www.nyse.com/markets/nyse-arca/trading-info#auctions http://datasvr.tradearca.com/arcadataserver/Auction.php
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    Binary Options

    Is the robot BinaryOptionRobot profitable? The don't seem to provide any proof of profitability.
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    Binary Options

    Is it profitable?
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    Interactive Brokers Mistake = $22MM Loss

    Yes, but if the guy holds positions overnight and his pnl on expiration day could go either way. Therefore expiration day is just another day in his books. The only problem I see if he opened a new position ahead of expiration and doubled his exposure unintentionally but it does not seem to be...
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    Looking for Broker for...

    What kind of pairs are you planning to trade?
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    Interactive Brokers Mistake = $22MM Loss

    Why expiration should be a factor for a day trader? Beats me.
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    New Tax on All Stock Trades

    Easy. Let's say your transaction amount is $1000 every day. 0.22% * $1000 = $2.2. $2.2 * 250 working days = $550 is your transaction cost. $550/$1000 * 100% = 55%. Basically 0.22% * 250 = 55%.
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    New Tax on All Stock Trades

    .22% per transaction per day shaves 55% off the annual profits. Not bad! Speaking of basic algebra.
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    New Tax on All Stock Trades

    Even for 1% a day it has to come from just one single daily trade for him to be profitable. That means the trader has to be 100% correct to overcome 0.5% tax.
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