Attention....Could I have your attention please!

[Scataphagos]

Sorry to inform you, you must take risks if you want to move forward in the markets. Or just stand on the sidelines where its safe. Its not for everyone.

Don't need to be "informed" by you, sonny.

You've apparently signed-on to this notion. I've suggested one should "look before he leaps".

 

[Rickshaw Man]

I juust don'

I daytrade futures and my leverage during the day is 4 times bigger then the overnight leverage due to intraday margin being much lower. So the nightly result should be divided by 4?

How that working out for you, did you want to share your results?

 

[Scataphagos]

I juust don'


How that working out for you, did you want to share your results?

Sure, I'll share.

The only "result" that matters.... is that I've got $$Millions! Made 'em all in the markets.

 

[Rickshaw Man]

Everyone should have there 1099-B from there brokers, I got mine Monday. Very pleased with my results.

 

[Rickshaw Man]

Sure, I'll share.

The only "result" that matters.... is that I've got $$Millions! Made 'em all in the markets.

Thats great, are you setup as an entity?

 

[Scataphagos]

Thats great, are you setup as an entity?

Nope. Use to be I ran a mutual fund timing service as a C Corp.

Now I just trade family money.

 

[Rickshaw Man]

Nope. Use to be I ran a mutual fund timing service as a C Corp.

Now I just trade family money.

So i guess you don't qualify for trader tax status?

 

[Scataphagos]

So i guess you don't qualify for trader tax status?

I could, but I don't. Seems little benefit for the hassle.

 

[Rickshaw Man]

I could, but I don't. Seems little benefit for the hassle.

Not with the new tax laws Trump implemented.

 

[Scataphagos]

Not with the new tax laws Trump implemented.

For one to get a tax break, the government has to take it from another. Nothing new.

Trumpy claimed, "Most people will see a reduction in taxes. Only a small percentage will see an increase". Well, I'm in the tax-donkey "increase" group, as always.