Colin Cody is a CPA and the owner of TraderStatus.com. Here we talk about who qualifies for trader status with the IRS, what it means in terms of deducting losses and expenses, how it differs from trading through an LLC or corporation, and what you need to do to elect the "mark-to-market" strategy on your taxes. A great primer for those traders who want to learn more about writing off losses and trading expenses without having to actually sell your positions.
Lee Leibfarth is a full-time independent futures trader who designs, tests and implements his own trading systems. Here he talks about why the e-Mini Russell 2000 is his trading vehicle of choice, his unique way of looking at charts that aren't based on timeframe but on the number of transactions happening, and why his opinions on backtesting differ from many other system traders.
Thomas Stridsman, CTA is an independent market researcher and registered Commodity Advisor specializing in rules-based trading strategies. Here we talk about what that means and why it works well in various markets. We also talk about an article he wrote for Active Trader magazine about the changes in index volatility and what lower volatility and less "trendiness" means for traders who focus on index trading. He also talks about why he recommends placing the trade yourself instead of automating that functionality as well. You can find Thomas' website at ThomasStridsman.us.
Tom Bulkowski (www.ThePatternSite.com)is a trader and frequent contributor of articles to SFO Magazine and Stocks & Commodities Magazine. He's also written several popular books including Encyclopedia of Chart Patterns, Getting Started in Chart Patterns, and Trading Classic Chart Patterns. Here we talk about what criteria he uses to guage the success of a chart pattern, what time frames he uses to look for these patterns, and why he never shorts stocks. As much as Tom is an expert in technical patterns, he doesn't discount fundamentals and talks here about how he uses news events to make even more money on chart-driven trades.
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