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Sorry, I did not know all AB users were in the US or traded the US markets.
Edward Pottasch wrote:
> well if they introduce a 0.25% transaction tax then you will not need any
> software package to track or backtest the markets because you will not be
> able to make any money.
>
> On the ES mini you will need to make at least 5.5 points profit before you
> will start making money. On a 20$ stock the first 10 cents profit are for
> the government, the next 2 cents for the broker, so you will need to make a
> profit of 12 cents before you start making money.
>
> If you can make a system that makes more than 0.25% per trade on average you
> are a good man.
>
>
> ----- Original Message -----
> From: "Mubashar Virk" <mvirk67@xxxxxxxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Saturday, December 05, 2009 11:33 AM
> Subject: Re: [amibroker] Re: Trader Tax
>
>
>
>> By the way how does this issue relate to AB?
>>
>> wooziwog wrote:
>>
>>> Ed,
>>> I don't want to seem like an alarmist but the US income tax was
>>> considered benign (1% of income) when it was implemented, the Social
>>> Security contribution was also benign, (don't have exact figures but
>>> it was something like 0.5% of first $1000 of earnings) as was the
>>> Medicare contribution. The sad fact is that when a parasite attaches
>>> itself to the host it will keep sucking blood, as it grows it needs
>>> more blood. Good parasites never kill their host - the question is how
>>> smart is our parasite? Based on the current spending I am seeing I
>>> consider paying more taxes as a "cure" is the same as curing an
>>> alcoholic by giving them more alcohol. Consider any tax that is
>>> imposed as the "initial offering" to get it passed, it will continue
>>> to grow after it is passed.
>>>
>>> David K.
>>>
>>> --- In amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>,
>>> "Ed Fast" <fasttrader@xxx> wrote:
>>>
>>>> The presenter (not sure who it was as I am certainly not glued to
>>>>
>>> CNBC as I
>>>
>>>> trade) made it sound like the Trader Tax is a very benign tax
>>>>
>>> measure and
>>>
>>>> would not effect anyone important except the "Wall Street Fat Cats"
>>>>
>>> as it
>>>
>>>> generated all this free money for the government.
>>>>
>>>>
>>>>
>>>> It would affect me and I am certainly not a "Fat Cat"
>>>>
>>>>
>>>>
>>>> Ed Fast
>>>>
>>>>
>>>>
>>>> _____
>>>>
>>>> From: amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>
>>>>
>>> [mailto:amibroker@xxxxxxxxxxxxxxx
>>> <mailto:amibroker%40yahoogroups.com>] On Behalf
>>>
>>>> Of Potato Soup
>>>> Sent: Friday, December 04, 2009 11:56 AM
>>>> To: AmiBroker (Discussion List)
>>>> Subject: Re: [amibroker] Trader Tax
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> Yes. Do not fall asleep at the wheel. Congress is desperate to find tax
>>>> revenues and score another populist win. Don't just call your
>>>> representatives, call every friend and family member and ezplain why
>>>>
>>> this
>>>
>>>> isn't good for mainstreet.
>>>>
>>>> _____
>>>>
>>>> From: "Ed Fast" <fasttrader@xxx>
>>>>
>>>> Date: Fri, 4 Dec 2009 11:50:28 -0800
>>>>
>>>> To: <amibroker@xxxxxxxxxxxxxxx <mailto:amibroker%40yahoogroups.com>>
>>>>
>>>> Subject: [amibroker] Trader Tax
>>>>
>>>>
>>>>
>>>> If you have just watched the CNBC interview, you will understand how
>>>> important it is to contact your senator and representative and let
>>>>
>>> them know
>>>
>>>> that the Trader Tax is being presented in a very skewed manner and will
>>>> devastate the Financial Markets and the underlying Liquidity
>>>>
>>>>
>>>>
>>>> Ed Fast
>>>>
>>>>
>>>
>>>
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>>>
>>> The message was checked by ESET NOD32 Antivirus.
>>>
>>> http://www.eset.com
>>>
>>
>> __________ Information from ESET NOD32 Antivirus, version of virus
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>> The message was checked by ESET NOD32 Antivirus.
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>> http://www.eset.com
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>>
>>
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>> **** IMPORTANT PLEASE READ ****
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>>
>> TO GET TECHNICAL SUPPORT send an e-mail directly to
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>>
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>
>
>
> ------------------------------------
>
> **** IMPORTANT PLEASE READ ****
> This group is for the discussion between users only.
> This is *NOT* technical support channel.
>
> TO GET TECHNICAL SUPPORT send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
> http://www.amibroker.com/feedback/
> (submissions sent via other channels won't be considered)
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> Yahoo! Groups Links
>
>
>
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus signature database 4661 (20091204) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
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>
>
__________ Information from ESET NOD32 Antivirus, version of virus signature database 4661 (20091204) __________
The message was checked by ESET NOD32 Antivirus.
http://www.eset.com
------------------------------------
**** IMPORTANT PLEASE READ ****
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This is *NOT* technical support channel.
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