No, much of my profits go towards supporting a family. Another chunk goes toward taxes. When the account DOES get larger than necessary, I move...
Retaildaytrader, believe me, I'm very aware of what I say (and how I say it) on public forums. It sounds like your past experience with the IRS...
I'm neither avoiding nor evading taxes--I'm choosing to pay them at the end of the year rather than quarterly, which is perfectly legal.
Vhehn is correct. I never make estimated quarterly tax payments since my annual gains far exceed the interest penalty of 5-8%.
I clearly said if you had bought the pair last NOVEMBER you'd be way down, not if you had bought them last SRING at the hi/lo. Look at the...
Right, if you had bought the FAS/FAZ pair last November, you'd be down only about -83% by now. No big deal, eh?
It's saying that is NOT a daytrade. No offense, but you really need to work on reading comprehension.
Yes, I'm well aware. I was trying to keep the explanation as simple as possible (a 1-lot position). No, it doesn't state that at all. Okay,...
The four or more round-trips in 5 days must be DAYTRADES (the opening and closing of a position on the SAME DAY). If you're suggesting overnight...
One daytrade = the opening AND closing of the same position on the SAME DAY. It takes 4 daytrades in 5 business days to get you labelled a...
Shouldn't the period be INSIDE the quotes? (Sorry, couldn't help myself. :D ) Serially, the wun that rilly gits me is the afore-munched-on...
Hi, I need at least one year's worth of intraday (1-minute) data for UYG in an ASCII text file. Please PM me your price. Thanks.
Right, it won't be deemed a constructive sale, meaning you won't be taxed as if you realized a gain on your long shares at the time of your short....
I've always felt that stop limit orders (to sell) are generally a bad idea. Basically, when using them you're saying "if the price drops to X, I...
There's a relatively unknown product called TradeKeeper which imports data from your broker and spits out a completed Schedule D or will export to...
Funny, I thought I was the only one on earth with this particular pet peeve. Sure, it's the internet and good spelling isn't exactly the norm,...
LOL, you should learn a little before making comments about things you obviously know nothing about. He can put WHATEVER HE WANTS inside the...
A Roth is a great option, especially for a young guy like yourself. Unlike with a 401k or traditional IRA, all the gains you'll rack up over the...
If you operate your trading business as a sole proprieter like most do, then no, you can't contribute to a retirement plan. That's because, as...
In any case, there will be no gift tax owed. With a gift of $25k, the first $12k will be free & clear, and the next $13k will simply go against...
Separate names with a comma.