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That's how I understand it I am just not sure on etf's that invest in futures contracts like USO Does the 1256 treatment of the futures they invest in transfer to the etf or not I am a little fuzzy on how that is handled The IWM treatment as 1256 by MS is clearly wrong I just don't understand...

I don't think anybody knows for sure how etf's are taxed Not even the brokers agree on which one is a section 1256 and which one is not Last year I traded USO at one brokerage and was treated as section 1256 and this year I traded USO again and it was treated as regular ETF so not section 1256...

Not only that but correct me if I am wrong but wouldn't you need more than 1 million dollars in margin to even think about trading this strategy ?

Unfortunately the error is not easy to fix so I am unable to demo the platform Also it's going to cost $59 a month to get RTD so unless you trade a lot the 0.59 cents commission is not that attractive

I heard the name from another website and I wanted to give the platform demo a try after watching a video showing how the platform looks It reminds me of the Ironbeam platform I tried a while ago Unfortunately I did not get too far While trying to install the demo I got an error so I sent them...

I was not complicating the issue I provided more information not just that the OP will have long shares Based on the fact that the OP was not clear on what happens at expiration when the option is ITM and he does not mind long shares I was speculating that perhaps the OP is a beginner and was...

Was this bid / ask spread from the IBD ? Looking on TOS on the weekend I see the last price is 76.89 and the bid/ask is 75.11/78.42 so the spread is closer to $3 not $30 so I would say that is reasonable Most of the time you try to get mid price or better Don't confuse the stock with options I...

Yes you will be long but I would not be holding on to this because "No, SOXL is not designed as a long-term buy and hold investment. SOXL is a short-term trading vehicle meant to be bought and sold intraday. It is often used by financial advisers and professionals, in particular those who...

I am guessing this is what happened You invested a bunch of money in crypto and it was going well and made a lot of money as it was going up and than due to greed you kept holding it and watched it all lost as it was going down The first thing to know is what you are trading Everyone knows and...

I understand QM maybe a little more risky but I feel that it's easier to make money on a 0.10 move than on a 0.50 move in /MCL I could be wrong but it seems to work for me I can make $50 in a few minutes while I am struggling to make that much with SPX options which may take days or weeks...

Thanks for the reply Unfortunately my free demo expired so I can't try out your suggestion but I will keep it in mind if I decide to sign up with Ironbeam

Hello, I am new to futures and I am currently trying out the Ironbeam demo version and I wanted to ask a question perhaps someone here can answer it I was trying to set up a new strategy but I find the form confusing and I can't find any instructions for it Why is the default symbol MES ? do I...

That's a different scenario than the OP Not sure how is this 2SD out when the 422 is just about 1 point away from ATM 423.70 but it has a better chance of filling near 0 at expiration and with quick crash near the close you may get something out of it if the 422 goes ITM and this is a fly so...

rb7 was the first to notice the problem and I knew the problem already from the screenshot in the first post This is a paper trade meaning it's not real it's just simulated and if this is what you meant that you got filled before than you will be disappointed when this does not work in a live...

This is just a comment about Randomwalk than a comparison I think the their website is suffering since Scott left It seems to be stuck in the past back in 2018 as some of the videos they have Also there was a recent presentation on Aeromir but if you try to get a free subscription you get a 404...

I did the calculation and look like the 0.5 figure is correct So in the example above if you start with 0 profit and a delta of 5000 you would do one contract until you make $5000 than you can add one contract for a total of 2 The question I have is what level of risk you would use to get a...

I am interested in this subject as well I believe I saw the formula somewhere else using 0.05 instead of 0.5 So using 0.05 that would be 0.2 contracts so that's less than one Does that mean that you are risking too much ? I would guess so since you are using 100% of your p/l to trade unless I am...

I agree with that I only do options and less that 100 trades per year and I found 2 mistakes in two different years Who knows how many mistakes they can make with thousands of trades I never trust the 1099 from the broker I log my own trades and than just compare the total from the 1099 with...

I just wanted to chime in here as I recently opened an account at ALLY It's definitely a lot simpler than IB Not sure how the executions are compared to IB since I don't have an account there but if you are ok with 5-10 cents over the mid you should be able to get filled I don't believe they...