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  1. L

    Tax Chat Today

    futures are m2m on a daily basis by definition. I do not want to elect m2m because I am trading futrures and want to take advantage of the 60/40. My question is where do I report my realized future gains/losses on trades that where closed in 2003? If it is 6781 Part 1 is for "Contracts...
  2. L

    Tax Chat Today

    You say "Finally, as an added benefit, the LLC provides you with the vehicle to pay yourself a management fee, thus creating earned income. With earned income, you may set up retirement plans such as a 401(k) , which are deductible to the business and are not taxed at the individual level. The...
  3. L

    Iron Condor return/risk

    I meant to say "My iron condor round trip commission with fees cost is $24 x 4 legs for a net of $96. Is this cost excessive? I do not know what is the going/reasonable amount."
  4. L

    Iron Condor return/risk

    Seems like Iron Condors, unless one tightens the range between the strikes of the sold call and the sold put, results in a high risk to low reward. I used a wide range of 135 points thinking it will not be threatened in the 4 to 5 weeks to expiration (unless there is an awful terrorist attack...
  5. L

    Iron Condor return/risk

    I am using a broker to help me learn the ropes and as such am paying the high commissions. Who would you recommend i use for this pit traded product?
  6. L

    Iron Condor return/risk

    I have a question regarding return/risk and need your input. I currently have the following CME pit traded Dec 2003 S&P 500 future (SP) option Iron Condor which I entered on Nov 13th when the price was approx 1055. Long put 965, Short put 985, Short call 1120, Long call 1140 and I collected...
  7. L

    short strangles

    What would that calulation's results be if one was doing the Big S&P future options?
  8. L

    short strangles

    I am very much interested.....for my sake and maybe others please continue this enlightening discussion on the Forum...Thanks:)
  9. L

    short strangles

    premiums are nice but a short strangle only 10 points away from the strikes would result in a big loss. 100 points away still comes with risk.
  10. L

    short strangles

    see http://sites3.barchart.com/pl/vsn/optqte.htx?sym=SPZ3 1040 call prem around 12.80 and 1020 put prem around 16.00
  11. L

    short strangles

    depends on the spread ...approx $20,000 if 50 pts out and around $10,000 if 100 pts out...more or less
  12. L

    short strangles

    I have been trading short strangles 80 to 100 points out-of- the -money call & put options on the S&P 500 Future and would like to know if there are any other high flyer traders that want to share their experiences.
  13. L

    automatic trading?

    do you know of anyone that can set an automatic trading program using my parameters for a fee?
  14. L

    automatic trading?

    i like esignal and some of the indicator charts i was able to download into esignal from tssupport. esignal suits me fine. just trying to find an automatic trading system using my turning points inorder to relieve myself of the drugery of sitting in front of the screen for many hours.
  15. L

    automatic trading?

    Since I can see the real time movement of various indicator charts on eSignal: 1) is it possible to set up a fully automatic trading api program that tracks eSignal indicators and at programed reversals of trend lines etc an order is sent to I.B.? 2)Has this/can this be done? 3)Is there...
  16. L

    Closing my IB account

    Hi Freehouse You say "Open a DVP account. Then you can trade anywhere (as long as the executing broker has an agreement with your clearing broker)". What is a DVP account? Please explain this procedure. Thanks!
  17. L

    The Evolution of an E-mini Trader

    Hi cta trader.....you said "I have a few systems I like, but I am reluctant to post them publicly. If you want I can email them to you privately or speak by phone." I would be interested in learning your "school of hard knocks" systems. Please e mail me lesbar@attbi.com.....thanks, Larry
  18. L

    The Evolution of an E-mini Trader

    and what would you recommend?
  19. L

    e mini average up/down system

    Anyone use an average up/down strategy like the following with success? For example say you enter e-mini future (ES) short at 1000 when your indicators/guess said to go short and the price ticks up to say 1002. Instead of closing out the position with a stop loss at 1002, average up by going...
  20. L

    The Evolution of an E-mini Trader

    Hi Huios...have you ever averaged down or up? For example say you enter e-mini (es) short at 1000 when your indicators/guess said to go short and the price ticks up to say 1002. Instead of closing out the position with a stop loss at 1002 and assuming you had enough margin did you (would you)...
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