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Here's from today's session. Took several poorly timed trades . Pretty much struggled and might not have been as disciplined as usual. Managed a nice runner though at the end which helped. Testing my streaming software for the upcoming live feed. I will let everyone know when I have things up and running and a date to do it.
In this video I explain some details about my Livestream youtube trade session that is scheduled for Thursday June 3rd 2021 at 9:25 am. I will also be trading a funded trader evaluation account on the Livestream. In the video below I explain which company I have chosen and why I am trading a combine instead of just my regular account. Tomorrow I will post the link to the Livestream on this thread.
Please correct me if I am mistaken, but a while back I read somewhere that if you trade a combine, that you no longer can claim "investor status" for tax purposes.
I read that you enter the "trader status" for income reporting.
The beauty for futures trading is the 60/40 rule.
Any thoughts? Looking forward to your live stream.
Your comments on these companies reminds me of the gold rush in Alaska. Great wealth was acquired by those that sold to the miners! I personally know a family that has enjoyed generational wealth from the sale of goods to those miners 100 years ago.
I really didn't know that about the taxes. I just tried googling it but nothing much came up. To be honest, I don't have a lot of confidence I will pass the thing my first time out..since it's a different style that I'm used to. Also, i won't keep trying over and over after this to do it. I'm quite happy trading my regular account and this is just a little challenge I thought would fun to try.
last week has been slow with a tight range and low vol, understand the today of the exception of memorial day holidays.
I understand summer is out and we may see low vol again this week?