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Thanks Robert and Jack. Guess I’m just trying to think of the worst case scenario with these 1099's and maybe mtm might be "insurance" to avoid future hassles. Maybe I should not worry about it and just wait for my amended 1099.

I should also mention that I only trade equities and also could claim trader status.

Electing Mark-To-Market to avoid future 1099 troubles? Does this make sense to anyone? Any MTM guys also having these 1099B issues?

I never had any prophetic market dreams however I consistently solve problems and come up with ideas in dreams. Have been this way my entire life and have no idea why. Waking up in the morning with a new idea or a solved problem is a great feeling.

Invention of micro edges is by far my most important. Number 2 would be putting a sh*t load of real trades under my belt. Never once did 4,5 or 6 which is strange now that I think about it , trading non-stop for 5 years.

Wow, I wrote a program specifically to mute out CNBC blather and commercials. Can’t stand that crap. If you are having trouble staying focused that could very well be your problem. As a start I would recommend turning the volume to the absolute lowest audible level.

You might also want to try setting up different work areas. I use 3…one standing area, one sitting and one yoga ball where I use a projector for a screen. I think the variance in eye to screen distance helps(or maybe it’s just psychological, I’m not sure).

Personally enjoyed the WYNN cc. This guy is full of himself but he's a great salesman and you can learn a bit about the business from his calls. You can check it out here http://biz.yahoo.com/cc/W/WYNN.html . Separately...Someone should start a site clipping the best Q&A from earnings...

I was thinking more like discipline and giving 100% percent when opportunity presents itself. Action over Trash Talking. Check this out… http://www.youtube.com/watch?v=nmu2vs-EICc

Can I just say Dan Henderson as a Day Trader Would Make us all look like F’ing Amateurs. I love this guy!!! Watch Bisbing v Henderson on Youtube and you'll know what I mean.

I truly don’t know what the F this really means. If ARCA excecutes at 5ms then that’s a good thing. Nevertheless, what I do know is that this market is F’ing Schizo and I’m loving it. Bring it on Byotch.

Stock777 knows of what he speaks. Make sure that bar is pointing toward the ceiling. Do a little thumb twist. :D

To continue with this Swimming anology… 1) Micro Edge #1 Warnaco FastSkin Speedo swim suit 2) Micro Edge #2 Taper workouts into the event 3) Micro Edge #3 Don’t breath out of the turn 4) Micro Edge #4 Stretch into the finish… do not take an extra stroke (this actually won Phelps a...

LIVER…Create and Invent your own Micro Edges. Edges you will not read about here, but come from within. That’s Step 1. Step 2 is Discipline. Step 3 is we all get high and listen to Ben Harper, Burn One Down(Live).:)

140%(2008)..no hitting, 135%(2007) ..no hitting,20%(2006)...lots of hitting,5%J(2005)....much more hitting, -10%(2004)....way too much hitting. There I confessed.

I’ll confess to this weakness!!!! This is a fascinating question. The first time a made 1000 on a trade I gave a big YES!!!! I NEVER do that now. I think It would take maybe a 30,000-50,000 thousand dollar winner for me to do that now. However I almost always cuss on a losing trade, always...

This sounds F’ing crazy but I don’t care. I have no F’ing idea why, what, where or how, but that F’ing dream came within 2 or 3 day of becoming profitable, 3 or so years ago. To my fellow traders, the ones who might be punching themselves in the face…make it through the pain. I...

Can anyone here point me to a thread where an edge is revealed after being exhausted…i.e. the person decided to reveal their system after making enough money or the edge faded for whatever reason? I only ask this question because I can see myself doing the same in about 4 years (or if that...

This selloff is even more racist than the infamous black swan chart pattern.

When I place a market order for an equity on INET, 99.9 percent of the time I get filled right where I should (based on level 2) and usually in less than one second. I recently opened a futures account and I’m wondering how dangerous it is to do the same with futures. I would be trading the...