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There is special tax treatment of emini's ? Please explain!
Thanks,
Judy
On Wed, 16 Jan 2002, Robert Marlan wrote:
#What this might represent is that you were going from a net short position
#to a net long position. You may not have had the buying power to buy the
#additional 800 until the first 800 were covered. All brokers use some kind
#of risk protection to ensure that you are trading withing the limits of your
#account. However, I would be concerned about a *2 Minute* delay. I could
#understand a few seconds at most. I trade globex futures and get great
#(fair) fills, with no downtick rule. I used to trade the QQQ's before the
#decimaliztion, and at that time there were often slow executions by the
#specialist, and sometimes spreads of up to 1/4 pt!!
#
#If you are trading QQQ or SPY on a regular basis - consider the emini
#products - forget the pits even if you want a bigger position - trade
#multiple minis. Commissions with TRADE are about $6 each way - not too bad.
#Also condsider the tax advantages of almost 1/2 your profit being considered
#long tern cap gains by the IRS even if the trade was for a second!
#
#Good Luck and Good Profits!
#
#Robert
#
#
#
#>
#>
#> > I had the following life "QQQ" trade executed yesterday (on TS6):
#> >
#> > (from long 800): sell 1600 shares QQQ at MARKET on 1/15/02 1:28:36 pm
#> (price
#> > was at 39.98)
#> > Fills:
#> > 1/15/02 1:29:52 pm 800 QQQ at 39.9538
#> > 1/15/02 1:30:38 pm 800 QQQ at 39.9300 <= more than 2 minutes
#> >
#> > Does that earn rewards now ?
#> >
#> > Robert
#> > ===============================
#> > Robert Linders
#> > Orlando, FL
#> > email: mugsnug@xxxxxxxxx
#> > ===============================
#> > ----- Original Message -----
#> > From: "Jim Bronke" <jvbronke@xxxxxxxx>
#> > To: "Mark Brown" <markbrown@xxxxxxxxxxxxx>; <Omega-List@xxxxxxxxxx>
#> > Sent: Saturday, January 12, 2002 3:46 PM
#> > Subject: Re: Reader's Choice Awards - TASC Does it again
#> >
#> >
#> > >
#> > > Mark,
#> > >
#> > > Without desiring to be patronizing I can say that you can only
#> effectively
#> > > exercise concern on one issue if you don't create another one in the
#> > > process. I think most would say that by expressing yourself that way
#> you
#> > do
#> > > create another issue. If you don't like TASC just don't subscribe. I
#got
#> > > along fine without it until just a few months ago. You can throw them
#> > away
#> > > like we can delete emails that we can't be bothered with. Deal with
#the
#> > real
#> > > issue and progress can sometimes be made.
#> > >
#> > >
#> > > Jim Bronke
#> > > Phoenix, AZ
#> > >
#> > >
#> > >
#> > > ----- Original Message -----
#> > > From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
#> > > To: <Omega-List@xxxxxxxxxx>
#> > > Sent: Saturday, January 12, 2002 12:57 PM
#> > > Subject: Re: Reader's Choice Awards - TASC Does it again
#> > >
#> > >
#> > > :
#> > > : Hello Jim,
#> > > :
#> > > : JB> I had to think about this.
#> > > :
#> > > : good.
#> > > :
#> > > : JB> This is really not an appropriate comment.
#> > > :
#> > > : i agree - but neither is the perpetuated RAPE of the general public.
#> > > :
#> > > : JB> I have
#> > > : JB> talked to the new editor(a few months back) and it is a she and
#it
#> > is
#> > > just
#> > > : JB> not in good taste to make such an inference about a woman.
#> > > :
#> > > : the comment apply's to a business ethic or rather a lack thereof.
#> > > :
#> > > : JB> If you really think that TASC will compromise its' integrity by
#> > > : JB> favoring software purely based upon advertising revenue then you
#> > > : JB> can make that statement.
#> > > :
#> > > : then i can make that statement and feel i could certainly defend
#that
#> > > : position in a court of law, at least here in the states. i
#honestly
#> > > : feel that s&c are crooks with absolutely no integrity at all.
#> > > :
#> > > : JB> But, keep it at that. For the sake of common courtesy on our
#list.
#> > > : JB> OK?
#> > > :
#> > > : no excuses i stand by my act.
#> > > :
#> > > :
#> > > : JB> Jim Bronke
#> > > : JB> Phoenix, AZ
#> > > :
#> > > :
#> > > :
#> > > : --
#> > > :
#> > > : Have a Great Day, Mark
#> > > :
#> > > : http://www.markbrown.com
#> > > :
#> > > :
#> > >
#> > >
#> > >
#> >
#> >
#> >
#>
#>
#>
#
#
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