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Steve,
I'll defer to Dennis' reply on that. I don't personally have any
experience trading from an IRA.
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "Steve Dugas" <sjdugas@xxx> wrote:
>
> Hi Mike - I bought Green's book a couple of years ago, have been
getting
> e-mails to join his conference calls ever since 8 - ) These
"restricted
> margin" IRA's are not true margin accounts, i.e. you can't borrow
money or
> short stocks, the main thing they offer over the IRA's of other
brokers is
> that T+3 is effectively waived, you can close one trade and open
another
> without waiting the usual 3 days for the funds to settle like a cash
> account. The ban on shorting is not a problem with ETF's as you can
just go
> long an inverse ETF and I was wondering if anything like that might
be
> available for futures, but per Grover they allow us to actually
short the
> futures. Are you thinking there may be some tax consequences to
shorting
> futures in an IRA? Thanks!
>
> Steve
>
> ----- Original Message -----
> From: "Mike" <sfclimbers@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 22, 2008 2:43 PM
> Subject: [amibroker] Re: Semi-OT: Portfolio Manager for frequent
Swing
> Trading
>
>
> > 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@> 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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>
------------------------------------
**** IMPORTANT ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
*********************
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