Re: income tax on traders

["Tom Stein" <comfut@xxxxxxxxxxxxx>]

Mervin wrote "So, from a trader's perspective, in long run, I
wonder if it is too big a task to have a higher than 0.5 probability of
success
AFTER adjusting commisions, bid-ask spread, quality of the fill AND income
tax."

I'm not sure you could say that ANY business in the U.S. or anwhere in the
world has a higher than 50% chance of success....that is exactly why most
people work for someone else for a living.

 I believe the statistic is over 90% of the business' fail within the first
five years of operation.....probably due to :

1)under capitalized
2)poor planning
 3)poor execution and
 4)inability to adapt to a changing environment


ummmmmmmm......this sounds familiar???????????????????????????????


Tom Stein
comfut@xxxxxxx