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Thanks Dennis!
----- Original Message -----
From: "Dennis Brown" <see3d@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 22, 2008 5:52 PM
Subject: Re: [amibroker] Re: Semi-OT: Portfolio Manager for frequent Swing
Trading
> Steve,
>
> Green does my trading taxes for my partnership.
> When trading in an IRA account, there is no IRS tax paperwork to worry
> about as long as you have not borrowed any money on margin (Taxes are
> due on the profits from the borrowed amounts). All you need to do is
> get good fills on double long ETFs or double inverse ETFs to get the
> long/short bang for your buck.
>
> BR,
> Dennis
>
> On Oct 22, 2008, at 5:07 PM, Steve Dugas 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@xxxxxxxxx>
>> 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@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
>>>>
>>>
>>>
>>>
>>>
>>> ------------------------------------
>>>
>>> **** IMPORTANT ****
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>>>
>>
>>
>>
>> ------------------------------------
>>
>> **** IMPORTANT ****
>> This group is for the discussion between users only.
>> This is *NOT* technical support channel.
>>
>> *********************
>> TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail
>> directly to
>> SUPPORT {at} amibroker.com
>> *********************
>>
>> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>> http://www.amibroker.com/devlog/
>>
>> For other support material please check also:
>> http://www.amibroker.com/support.html
>>
>> *********************************
>> Yahoo! Groups Links
>>
>>
>>
>
>
> ------------------------------------
>
> **** IMPORTANT ****
> This group is for the discussion between users only.
> This is *NOT* technical support channel.
>
> *********************
> TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
> *********************
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> *********************************
> Yahoo! Groups Links
>
>
>
>
------------------------------------
**** IMPORTANT ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
*********************
TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
*********************
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
*********************************
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