Good Reasons to open 1 additional Futures account

[bone]

With all due respect, that is the stupidest idea I’ve heard in quite some time.

Now I feel bad that I’ve wasted time on this train wreck of a thread.

I don’t blame your broker for denying you, as reconciling that would be a giant ongoing pain in the ass for them.

It took you three pages to finally tell the truth.

And you don’t need separate accounts to take or make net long or net short exposure out of a spread position you asshat.

i simply want a long account and a short account.

 

[maxinger]

With all due respect, that is the stupidest idea I’ve heard in quite some time.

Now I feel bad that I’ve wasted time on this train wreck of a thread.

I don’t blame your broker for denying you, as reconciling that would be a giant ongoing pain in the ass for them.

It took you three pages to finally tell the truth.

And you don’t need separate accounts to take net long or net short exposure out of a spread position you asshat.

I think he is a real IRONMAN.

 

[bone]

Definitely iron frontal lobe with those reasoning skills.

I think he is a real IRONMAN.

 

[murray t turtle]

i am wanting to open up an additional futures account or sub account. there will be no other owners or parties involved in this scheme. i have no intention to bait the IRS with wash sales.

it appears when i gave the reason that 1 was to go Long and the 2nd was to go Short it violates Rule 534 "Wash Trades"

No person shall place or accept buy and sell orders in the same product and expiration month, and, for a put or call option, the same strike price, where the person knows or reasonably should know that the purpose of the orders is to avoid taking a bona fide market position exposed to market risk (transactions commonly known or referred to as wash trades or wash sales). Buy and sell orders for different accounts with common beneficial ownership that are entered with the intent to negate market risk or price competition shall also be deemed to violate the prohibition on wash trades. Additionally, no person shall knowingly execute or accommodate the execution of such orders by direct or indirect means.

what are other reasons i can give to get that additional account?

is it simple enough to state the reason:
i want one account to trade NQ and the another to trade OIL and accomplish this feat.

such a reason indicates bona fide market position for each.

%% IBKR notes open 2 accounts.
EASY way to get around that;
with one account or 2= spxs/spxu/UPRO.....................................................................................................................spxl/SPY also
WORKS well in a roth or back door Roth/no taxes .Bona fide mean ''good faith/key word''
NOT a CPA but i do like the IRS current cover/1040 ''WE the People'' + an eagle with scales in its claws/

 

[Ironplates]

it is my pleasure to announce that i was able to provide a reason to successfully open an additional account.

 

[Overnight]

it is my pleasure to announce that i was able to provide a reason to successfully open an additional account.

Congo rats! Happy wash trading!