Is this good idea

[KevinK]

how would you handle the taxing on the accounts.

 

[hoodooman]

If it were possible to have a broker hold the 25k in escrow and the trader uses the 5k in the account which is in his name, then the tax issues are straight forward.

 

[easyrider]

A nightmare scenerio, imo, on both ends.

 

[hoodooman]

Thanks for the response easyrider but could you expand on your reply ?

regards

 

[KevinK]

i dont know many traders who would do this. 1) you cannot make a living trading 25k 2)they would need to surpass 12% a year to be profitable

if someone is daytrading they need to be doing it as a job and 25k wont pay the bills.

 

[easyrider]

Quote from hoodooman:

Thanks for the response easyrider but could you expand on your reply ?

regards

What would prevent a trader from make one bad trade and wiping out the account? Suppose you have several traders long and a major terrorist attack occurs?

 

[richie90]

pm me

 

[alanm]

Quote from KevinK:
...you cannot make a living trading 25k

Untrue.

 

[KevinK]

Quote from alanm:

Quote from KevinK:
...you cannot make a living trading 25k

Untrue.

It is difficult

 

[hajimow]

First try it with your cousins and siblings and friends and then you will find the problems practically and solve it.