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PureBytes Links
Trading Reference Links
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Traders's status is allowed mainly to traders, not investors, who rely on
trading the markets as a major source of income. 80 % or more of annual
income must come from trading the markets to qualify for Trader's Status.
Someone who depends on trading to make a living usually qualifies. Someone
with a fulltime job, partime, or self-employed in another profession will not
qualify under IRS guidelines. Contact IRS at
www.irs.gov for questions/details or simply call your regional office. The
doctors claim (droex@xxxxxxxxxxxx) that there are alot of liars out there
might be true, but he's an investor if he does not qualify. Some of the
former floor traders in this forum have spoken out that traders status is not
a myth but a reality for fulltime traders like myself. This is my sole
occupation and has been since 1992. I trade with a professional daytrading
firm and deduct all trade related expenses like data fees, books,
commissions, ibm.net, seminars, and trips to shareholder meetings, etc....
Also, if you do not qualify, consider incorporating .
William Bradley Jameson
HEDGEMANSHIP - How to make money in bull markets, bear markets, and chicken
markets while confounding professional money managers and attracting a better
class of women. WBJ.
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