Steve, I'll defer to Dennis' reply on that. I don't personally have any experience trading from an IRA.
Mike --- In [email protected], "Steve Dugas" <[EMAIL PROTECTED]> wrote: > > Hi Mike - I bought Green's book a couple of years ago, have been getting > e-mails to join his conference calls ever since 8 - ) These "restricted > margin" IRA's are not true margin accounts, i.e. you can't borrow money or > short stocks, the main thing they offer over the IRA's of other brokers is > that T+3 is effectively waived, you can close one trade and open another > without waiting the usual 3 days for the funds to settle like a cash > account. The ban on shorting is not a problem with ETF's as you can just go > long an inverse ETF and I was wondering if anything like that might be > available for futures, but per Grover they allow us to actually short the > futures. Are you thinking there may be some tax consequences to shorting > futures in an IRA? Thanks! > > Steve > > ----- Original Message ----- > From: "Mike" <[EMAIL PROTECTED]> > To: <[email protected]> > Sent: Wednesday, October 22, 2008 2:43 PM > Subject: [amibroker] Re: Semi-OT: Portfolio Manager for frequent Swing > Trading > > > > There's a conference call most Thursdays in which trader tax issues > > (including trading your IRA) and hedge fund formation/management are > > discussed. For example, last I heard, you can't use margin within an > > IRA. > > > > It's largely a means for the hosts to try and drum up new business for > > themselves, and as often as not ends up with "set up a consultation > > with me for more detail". But, it is question and answer based and > > they will directly answer some of the more direct questions. > > > > It may be helpful for your initial explorations. > > > > http://www.greencompany.com/EducationCenter/InteractiveOnlineMeetings. > > shtml > > > > Mike > > > > --- In [email protected], "Steve Dugas" <sjdugas@> wrote: > >> > >> Thank you Dennis, just shrinking the paperwork is a pretty good > > reason to switch. 8 - ) > >> BTW, would you happen to know about trading futures in an IRA? Can > > it be done? Can one somehow use futures to go short in an IRA? Thanks > > again! > >> > >> Steve > >> > >> ----- Original Message ----- > >> From: Dennis Brown > >> To: [email protected] > >> Sent: Tuesday, October 21, 2008 5:57 PM > >> Subject: Re: [amibroker] Semi-OT: Portfolio Manager for frequent > > Swing Trading > >> > >> > >> Steve, > >> > >> > >> With stocks and options, you have to reconcile and show every > > transaction in your account during the year on Schedule-D. For an > > active trader, this can amount to a lot of work matching trades and > > figuring out special situations like mergers. With futures > > (commodities in IRS speak), the broker just gives you a statement that > > says you made x dollars in the year on Y commodity (like the S&P 500 > > or Silver)... end of story. You fill out a different one page > > schedule --not Schedule-D. Stocks are considered individual > > investments. Futures are considered a hedge for real stuff as a > > business need for producers. Futures speculators help keep the > > commodities prices liquid and at a fair price which helps the economy > > run smoothly. > >> > >> > >> BR, > >> Dennis > >> > >> > >> > >> > >> On Oct 21, 2008, at 5:18 PM, Steve Dugas wrote: > >> > >> > >> Hi Dennis - I have been thinking about trying futures lately, I > > know they get the beneficial 60/40 tax treatment but I never knew the > > paperwork was so much easier...could you briefly explain what the IRS > > requires for futures? Thanks! > >> > >> Steve > >> ----- Original Message ----- > >> From: Dennis Brown > >> To: [email protected] > >> Sent: Tuesday, October 21, 2008 3:19 PM > >> Subject: Re: [amibroker] Semi-OT: Portfolio Manager for > > frequent Swing Trading > >> > >> > >> Hello Ken, > >> > >> > >> I am a frequent trader. I use thinkorswim as a broker. I use > > their built-in tools for all actual trade accounting, including tax > > prep. Actually tax accounting is such a pain, that I prefer to trade > > futures because it eliminates 99.9% of the tax paperwork in the US. > > To get an equity curve, I input my account basis and liquidation value > > in a spreadsheet each night. It only takes about 5 minutes. I also > > keep a trade log of my trades each day for my own learning purposes. > >> > >> > >> There is no connection between TOS and AmiBroker programs. > >> > >> > >> Best regards, > >> Dennis > >> > >> > >> On Oct 21, 2008, at 3:47 AM, Ken Close wrote: > >> > >> > >> Google searches produce nothing useful, so I would like to > > ask this question of frequent swing and day traders: what software do > > you use to track trade results (closed trades especially but also open > > trades)? Does it include calculation and display of a total resulting > > equity curve? Does it help in any way for collecting and exporting > > reports for use at tax time? Does it integrate with Amibroker or is > > standalone? Please note that I am not asking about the backtesting > > and resulting listing of trades and their statistics in Amibroker, but > > rather the recording of real trades made and closed over time. > >> > >> As background to the questions, as I consider a more > > frequent trading system compared to mutual funds and positions held > > for many weeks if not multiple months, one that might make trades > > lasting weeks at most and perhaps only days, my mind boggles at the > > recordkeeping involved. With potential trade volumes in the 10 to 30 > > per week, the data entry starts to seem formidible. Surely some > > (many?) on this list do this all the time, and I would appreciate > > knowing something about your recordkeeping system(s), not your timing > > systems (:-o). > >> > >> Now before TJ jumps in here, I just reviewed the AB Account > > Manager Help page. This seems like it is what I am asking for, but I > > wonder if anyone uses it for their real work, and if its "limitations" > > (one level of undo, chronological entry order, not clear whether > > reports can be exported or not) inhibit it for the purpose I am asking > > about. If you use something else, it must offer benefits pveer the > > built-in Account Manager---what are they? > >> > >> Is this enough information for you to respond? Thanks for > > sharing. > >> > >> Ken > >> > > > > > > > > > > ------------------------------------ > > > > **** IMPORTANT **** > > This group is for the discussion between users only. > > This is *NOT* technical support channel. > > > > ********************* > > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to > > SUPPORT {at} amibroker.com > > ********************* > > > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > > http://www.amibroker.com/devlog/ > > > > For other support material please check also: > > http://www.amibroker.com/support.html > > > > ********************************* > > Yahoo! Groups Links > > > > > > > > >
