posted
Anyone else get the feeling of picking up a hard object and just beating their computer so theyd ont have to ever read a post by KK3/ABC ever again?
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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quote:Originally posted by imakmony2005: OK, Here it is JIMMY, Yes i have a margin account heres how it works, i keep 150k in cash at all times, but in my account all stocks over 5 bucks can be margined agaist, so that gives me well over 500k to DAYTRADE with, i could trade 50 times in one day, you see the I.R.S. will call you a trader only if you trade at least once a day thats a huge tax brake from 35% down to 22% and thats it. MONEY
Although I'm sure your claims of cash are the usual BS, I do find the %'s thing interesting. I usually execute about ten trades a day.. very seldom do I ever go a day without trading something. How does that work? On average execute 1 trade per day? Or you have to have at least one trade every day to qualify as a trader?
There are no hard and set rules set forth by the IRS, but you can take some guidance from a lot of the court cases. I would definitely confer with a CPA about it. It requires tracking if you have long term investments AND short term. ie. if you buy some stock in PD to hold and buy some to swing, you need to have them in seperate accounts I believe. It also is supposed to be one of your main sources of income. I haven't gone through it in a while though.
I refer my clients to a CPA on this one because it can be tricky, and you don't want to find out the hard way if you don't qualify.
Looks like I got some research to do. Luckily my mom's been with the IRS for 20 years so she's got an idea on what to do. It'll be fun telling her I've been investing money all this year though., I haven't told her how much cash I've made yet. That's what this Christmas break is for
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
GOGOGO GZFX BUY BUY RUN TOMMAROW RUN TOMMAROW DONT MISS OUT MAKE LOTS OF MONEY RESISTENCE LEVELS CANT GO LOWER CN ONLY GO UP GOGOGO BUY NOW!!! CYA IN MY NEW HOUSE IN A WEEK CAUSE GZFX IS RUNNING TOMMAROW!!!!!!!!!!
so was that KK3. Who's gonna give me back the time it took to read that?
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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posted
Crash, I get those feelings. And I feel the tension between the continents. The earthquake is about to happen, seismic activity is boiling up... just little shakes right now... the big one is coming
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
For sure Duda! And i can't wait bro. I lvoe the UP days on this forum, we all band together as one and analyze everything! But on the down days and slow days we bash each other lol. All fun and games, good luck to you all. As much as i make fun of anyone i think your all good traders and glad to be posting with you. Now let's make some cash!
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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quote:so was that KK3. Who's gonna give me back the time it took to read that?
lol. If that's the case when you see writing in all caps you should know to ignore. you're totally taking my words out of context.
Posts: 60 | Registered: Nov 2005
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-------------------- "Please note that every week from now until the end of time is a 'coming week.' " Posts: 512 | Registered: Sep 2005
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Seems like everyone is shorting this stock, why? Do they know something we don't? I feel that the only thing thats going to help us now is the next quarterly hopefully showing that they are starting to make money and that subs are really up and growing big time.
-------------------- My post is not a sell, buy or hold recommendation. Posts: 279 | Registered: Nov 2005
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quote:Originally posted by Peaser01: 5 red days in a row, call me crazy, but I believe the next two days will be green.
yea that's what everyone has been saying for the last week.. tommorow it will be green.
I think this one is dead until we get a PR. It's still a good stock, but seems it was over hyped a little too early.
Posts: 462 | From: FL | Registered: Oct 2003
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looks like it might hover at these levels for a bit, then keep coming down...Don't even have to look at a chart to see it..
Posts: 10729 | From: oregon | Registered: Feb 2005
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It sucks to know you are on a good stock but nothing is happening in the short term, you must wait and ride the test of time to rip the rewards. I guess success is not created overnight but one must be patient, all good things come to those who wait.
-------------------- My post is not a sell, buy or hold recommendation. Posts: 279 | Registered: Nov 2005
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quote:I feel that the only thing thats going to help us now is the next quarterly
Quarterly and CC announcement are the only things that will end this slump. Until then, flat line or red. It's not suprising that MM's are taking advantage of this lag time.
Posts: 60 | Registered: Nov 2005
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Yup. THis is what sucks about going day-by-day. It makes it seem like you're waiting forever to make that money. I've been playing google all morning. It's a great way to keep me occupied. It's like the best video game ever for investors lol
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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