ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from vertigo3:

smiling,
I talked to a friend of mine about this and you would have to do some research, but as far as he was able to discern, so far, no distinction for the futures tax treatment has been made. I will check with him again (this was months ago).

Do you have absolute knowledge of how the trades are treated?

Let's be realistic, in a U.S. futures account, at the end of the year, you get a net statement, if you traded DAX once, would the futures brokerage break it out.

Hey, maybe that's the way to find out. In the end of year statement, does the brokerage have a separate net "end of year" statement for foreign futures?
More...

Thanks for the response. I don't know if the brokerage firm has a separate net statement. Even if they did, I would still want to hear it from the IRS. Statements are not always organized to make it easy for the user to file. For instance, single-stock futures are treated as stocks, and not as futures, by the IRS; yet my brokerage does not put them in separate areas.

It became such a pain in the a$$ that I stopped dealing with ssf altogether. Now I just buy itm calls.
 
very ominous H&S set up going into the fomc......bulls are going to want to take out that 1504 swing hi real soon.....or we`re looking at a 20 handle move down from the neckline.

i`ve been playing the long side only recently but am getting increasingly bearish going into tuesday.
this pattern is certainly something to observe with todays close telling us if this right shoulder( so far) is a prelude to something a bit bigger.bulls are going to want to close it over 1500.
 

Attachments

Quote from tortoise:

could you elaborate?
More...

the indicators aren't full blown bullish, and one could make an argument trades should only be placed on extremes of sentiment, whether it be bearish or bullish.

Similar to noise in price, there can be noise in sentiment. Which means R:R is not clearly defined.
 
Quote from Mins:

Im long - tight stop.
More...

Out 2 at 1495.75, leaving last 2 to run if they can - tight stop


Have to end the day early, out the last 2 unit 1497.50.

Everyone have a good weekend. Good day today making this a good month so far - consistency is good with only one losing day so far this month.
 
goodluck, everyone study the discount rate chart, for clues to what could happen on fed announcement.

will be offsite,(out of the house) till Oct 2nd.
 
Status
Not open for further replies.
Back
Top