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PureBytes Links
Trading Reference Links
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There's a conference call most Thursdays in which trader tax issues
(including trading your IRA) and hedge fund formation/management are
discussed. For example, last I heard, you can't use margin within an
IRA.
It's largely a means for the hosts to try and drum up new business for
themselves, and as often as not ends up with "set up a consultation
with me for more detail". But, it is question and answer based and
they will directly answer some of the more direct questions.
It may be helpful for your initial explorations.
http://www.greencompany.com/EducationCenter/InteractiveOnlineMeetings.
shtml
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "Steve Dugas" <sjdugas@xxx> wrote:
>
> Thank you Dennis, just shrinking the paperwork is a pretty good
reason to switch. 8 - )
> BTW, would you happen to know about trading futures in an IRA? Can
it be done? Can one somehow use futures to go short in an IRA? Thanks
again!
>
> Steve
>
> ----- Original Message -----
> From: Dennis Brown
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Tuesday, October 21, 2008 5:57 PM
> Subject: Re: [amibroker] Semi-OT: Portfolio Manager for frequent
Swing Trading
>
>
> Steve,
>
>
> With stocks and options, you have to reconcile and show every
transaction in your account during the year on Schedule-D. For an
active trader, this can amount to a lot of work matching trades and
figuring out special situations like mergers. With futures
(commodities in IRS speak), the broker just gives you a statement that
says you made x dollars in the year on Y commodity (like the S&P 500
or Silver)... end of story. You fill out a different one page
schedule --not Schedule-D. Stocks are considered individual
investments. Futures are considered a hedge for real stuff as a
business need for producers. Futures speculators help keep the
commodities prices liquid and at a fair price which helps the economy
run smoothly.
>
>
> BR,
> Dennis
>
>
>
>
> On Oct 21, 2008, at 5:18 PM, Steve Dugas wrote:
>
>
> Hi Dennis - I have been thinking about trying futures lately, I
know they get the beneficial 60/40 tax treatment but I never knew the
paperwork was so much easier...could you briefly explain what the IRS
requires for futures? Thanks!
>
> Steve
> ----- Original Message -----
> From: Dennis Brown
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Tuesday, October 21, 2008 3:19 PM
> Subject: Re: [amibroker] Semi-OT: Portfolio Manager for
frequent Swing Trading
>
>
> Hello Ken,
>
>
> I am a frequent trader. I use thinkorswim as a broker. I use
their built-in tools for all actual trade accounting, including tax
prep. Actually tax accounting is such a pain, that I prefer to trade
futures because it eliminates 99.9% of the tax paperwork in the US.
To get an equity curve, I input my account basis and liquidation value
in a spreadsheet each night. It only takes about 5 minutes. I also
keep a trade log of my trades each day for my own learning purposes.
>
>
> There is no connection between TOS and AmiBroker programs.
>
>
> Best regards,
> Dennis
>
>
> On Oct 21, 2008, at 3:47 AM, Ken Close wrote:
>
>
> Google searches produce nothing useful, so I would like to
ask this question of frequent swing and day traders: what software do
you use to track trade results (closed trades especially but also open
trades)? Does it include calculation and display of a total resulting
equity curve? Does it help in any way for collecting and exporting
reports for use at tax time? Does it integrate with Amibroker or is
standalone? Please note that I am not asking about the backtesting
and resulting listing of trades and their statistics in Amibroker, but
rather the recording of real trades made and closed over time.
>
> As background to the questions, as I consider a more
frequent trading system compared to mutual funds and positions held
for many weeks if not multiple months, one that might make trades
lasting weeks at most and perhaps only days, my mind boggles at the
recordkeeping involved. With potential trade volumes in the 10 to 30
per week, the data entry starts to seem formidible. Surely some
(many?) on this list do this all the time, and I would appreciate
knowing something about your recordkeeping system(s), not your timing
systems (:-o).
>
> Now before TJ jumps in here, I just reviewed the AB Account
Manager Help page. This seems like it is what I am asking for, but I
wonder if anyone uses it for their real work, and if its "limitations"
(one level of undo, chronological entry order, not clear whether
reports can be exported or not) inhibit it for the purpose I am asking
about. If you use something else, it must offer benefits pveer the
built-in Account Manager---what are they?
>
> Is this enough information for you to respond? Thanks for
sharing.
>
> Ken
>
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