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that's what you get for trying to manipulate the market. He knows what he's doing and got too greedy.

i don't understand your question. what do you mean by the litmus test?

Yes, you can select which positions you want MTM treatment, and which you don't. It's actually a very flexible approach.

trader tax status: you can deduct trading expenses (no limitation on deductions) and form a company to unlock employee benefit deductions. you can do this retroactively. TTS allows you to claim section 475. section 475: allows you to MTM gains/losses (recognize them as ordinary income/loss)...

you are the GURU afterall! i expect nothing less. good for you.

i see what you did there lmao. In my tax accountant's defense, here's the actual exchange: Fan27: "perhaps he can claim trader tax status" you: "It’s too late, you can’t claim it for past years" me: "you can retroactively declare yourself...based on what my tax accountant said to me..." no...

Trader tax status and section 475 elections are not exactly the same thing. I said you can retroactively claim trader tax status. I agree that you can't do that for section 475 election. I just sent an email to my tax accountant to kill himself...are you available to do my taxes?

you can retroactively declare yourself...based on what my tax accountant said to me...

Alpaca pretty new. i tried a year ago but left. i wouldn't trust their system for the types of trading you do.

Scalping GME is the best game right now...

Strict Know-Your-Customer/money laundering provisions would probably affect bitcoin usage a lot...would make sense for governments to bring cryptocurrencies up to the same standards as fiat currencies? Does anyone know how this would work?

you literally called everyone a schmuck! But i apologize nonetheless for my name calling

traders trade around their positions all the time...it's similar to what you're describing. mainly a mean reversion trading system. It should work like any other mean reversion system.

you guys make/take the bitcoin argument too seriously. Just think of it this way: Tesla has $1T market cap, Apple has $2.5T market cap. Bitcoin is $1T market cap. NKLA has billions in market cap and it's a complete shitshow of a company. In the next 20 years, the value of these four things...

You sound like an idiot but I'm sure the SEC, RK and his lawyers are all combing over everything he did/say over the last few months...No doubt that GME was a collective pump and dump, but pinning it on him alone and proving it will be difficult unless he's got a repeated pattern of "pump and...

Haha had no complaints from your wife

I don't waste time on stupid semantics. if you accuse someone of illegal activity (i don't know how you can "hypothetically" accuse someone of something, but you're better at semantics than me), you gotta have at least one piece of evidence. are you the Alex Jones of ET?

not likely given that the public funds lost money on their hedge positions after March 2020...besides, how do you prove that they ripped off their public fund clients given the vastly different trade duration between Medallion and the public funds? Lots of investment firms have different...

Renaissance said that they put on hedge positions at the wrong time in hindsight...so they lost money on their core positions in March and lost money again as they added the hedge position in March.

Medallion might have taken advantage of the public funds as they entered/exited positions, but hard to reconcile the big discrepancy in 2020 performance between the two with this nefarious explanation. Most of the difference in performance is probably attributable to the difference in strategies.