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THE DOCTOR wrote:
>
> My experience has been it almost NEVER works. Naturally one hears all
> of the horror stories...none of the success stories. I have heard of
> dozens of times when "TRADER STATUS" has been overturned. Tesser book
> has killed more people than dramatic changes in implied volatility. I
> should also caution you that in my own experience(and I probably see as
> many active investors as anyone in the world)this is a topic that has
> more than it's share of liars....So be careful/
Though I have been tempted, I have never read Tesser's book. It always
seemed to promise more than I thought it could probably deliver, so I
don't know the details of the Trader Status. But wouldn't some traders
accomplish the same thing by incorporating sub S and registering as a
CTA? Then managing a proprietary account. All expenses are through the
business. There are some extra costs and paperwork, so it isn't for
everyone, but there are some added benefits too.
Any thoughts?
Eric
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