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Looking seriously at Ecuador now too.

Not only hedge funds, but Smart Money, MM's, intentionally destroy trends sometimes if they are indicating counter to their goals, or they find it will benefit them, such as taking out stops so they can get more shares. Sometimes when I am Day Trading I use these sharp moves out of what is a...

If you can not listen to other peoples opinions, and respect other points of view that differ from yours, you are already not free. Jordan is trying to explain that to people. Many people have been indoctrinated to think a certain way, and attack or dislike those that express things they were...

Great Link TY!

TY! I am a US Citizen. I have googled that and just have not had time to explore them yet. I may opt to have both a US and a local broker if that works best. A lot has to do with FATCA it seems Why US Brokerage Accounts of American Expats are Being Closed (creativeplanning.com)

TY for the information. I have never had an issue with CS at Fidelity. In fact I find it great and very fast. Call in, get identified with voice, state why calling, get connected. I am a Premium Service client so I may get faster treatment, not sure. You can send emails, use chat, call on...

Per Fidelity directly, what you say is true, when on vacation, or short stays. If you relocate to outside US territories, they will not permit usage and your account will be restricted. The usage agreement probably states this as well. Now, using a VPN, etc, I can try and fool them into thinking...

Crypto is all about Volatility is my take. GS is into it and doing well Goldman Sachs Finds Bitcoin Tops Gold, S&P 500, And Nasdaq As The Best-Performing Asset Of 2023 (forbes.com), they are not the only Big Boys getting into Crypto more.

TY! I had not seen that, will read it.

I currently use Fidelity as a Broker, and Active Trader Pro as a Platform to Day Trade, Swing Trade, and Manage my Retirement and Investment Accounts. I Day Trade 4 days a week on average, have Active Trader Status and Mark to Market Accounting (475f) with the IRS. In 2 Years, I am planning to...

Yeah, if it is short term (less than a year) the capital gain is taxed at your tax rate in the U.S. https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capital-gain-tax-rates.asp

Buy and read this https://greentradertax.com/shop-guides/greens-trader-tax-guide/. Someone suggested I do that in another thread The publication contains information on what you seek. Cost is 50ish dollars, so cheap. Also read the Web Site associated, they offer consulting for that exact...

I have found a way to download a daily Time & Sales log from my Trading Platform in CSV or XLS format. It is configurable before download on what order it prints and what fields are populated and printed, so that makes things easy. I can also download a CSV or XLS file from the brokerage Website...

Thanks for the input. I am not a broker or dealer per the SEC. I trade with only my assets ,that funded the Pass Through LLC. Trading is a business, but I am not a professional, and do not require a professional License, etc. I use Fidelity, and have verified all through them, there is no fee...

I noticed my Broker deducts the FINRA Fees from my sells, whether they are Sell to open (short), or Sell to close (long). As I understand it, Commissions and fees are not deductible by themselves, but can be added to the costs of the position. I am thinking, based on what I have read, and what...

I formed an SMLLC for Tax, Liability, and to be able to deduct business expenses. This is a Pass through stucture (a disregarded entity). It is much easier to claim Trader Status, through and entity, I am reading everywhere. I wanted to do MTM accounting, claim trades as ordinary business gains...

I will confirm that, thanks! It seems I will not have to file a 3115 for the LLC since I placed a signed resolution in the Corp Records electing 475 MTM within 75 days of creation. I may need to do one personally though, as I day traded a bit before the LLC was formed in my Personal account...

I should have no problem qualifying for TTS, based the IRS definition, and the Court Cases i have reviewed. Qualifying for TTS seems to be easier, based on what I have read, and I am reading now at Green's, if one trades through an entity, like an LLC, S Corp, etc. Good point on the 3115. I was...

I understand. Thanks!

1) Since I have elected MTM accounting for the LLC by attaching a Resolution electing this, I can report as ordinary gains and losses, not capital, this is my understanding. One could not do this if they had not selected MTM I am told. I did a consult with a friend earlier and they stated I...