What taxes would their be besides short term cap. gains? I did not know of any other taxesOriginally Posted by ShotsII
SIRIUS XM SATELLITE RADIO FORUM
What taxes would their be besides short term cap. gains? I did not know of any other taxes
I know that if you have 25K in a day trading account, that you can use that, because you have backup funds. You can use that until you run out of cash and then it goes to your cash account until the clearing of the funds that you have.
In other words, you can use your own money in the account until you have used it up, then it comes out of your cash "Cash". The money still takes time to clear. They don't give you a free pass. They just want your money in an account to reap from you. There isn't really that much difference, but adds flexibility. Am I wrong?
If I were a swing trader, then it would really matter. If I were a shorter, then I would be responsible to pay for my losses, plus pay the difference to close.
In addition, they mark your losses up. Your losses could cost you big time. In addition, they will charge you an interest rate depending upon your financials.
I don't think there is a real advantage to having a margin account, especially on the shorting side. JMHO. I wouldn't dare to short stocks, but that is just me. I am not comfortable with that.
Wednesday's report is important if you are looking for a quick setup, like planning a pairs options trade:
MTH is in a cup and handle about to breakout
LEN is over extended from a run
$HGX is about to rebound out of its inverted head and shoulders...
So, a pairs trade is when you know there will be some type of movement... ie. the housing report's influence on these two homebuilders, and you want to be set up ahead of time....
If the report is good, you bet that MTH will rally hard as it's poised for a resistance breakout, but steam won't be as high for LEN, which has been running up hard... Likewise, a bad report and MTH likely won't move as quickly down as LEN...
So the setup would be something along these lines:
MTH
MTHIX $22.50 calls sept
1.95 x 2 = ~$400
LEN
LENUP $16 puts sept
1.26 x 3 = ~$375
Once the news is released and you know the direction of the movement by watching both stocks and the philly housing index, you cut the loser, and let the other run.
By using a pair of stocks, one that is about to break, while the other about to fall, you get a better shot of one option running faster than the other regardless of direction.
People do this with stocks like AAPL and RIMM, as shown at ino a while back. Where, they will use AAPL as the strong stock meant to move up, and RIMM as the one that would fall faster.
Why am I writing this? If I can get up early in the morning - like 3.5 hours from now... that's the plan.
It's a slightly hedged trade... that way you aren't chasing to get in.
Please let me clarify my last post guys.
When I said buy and sell all you want, I meant so long as you buy on one trading day and sell durring the next. Or vice versa.
If you buy and sell, or sell and rebuy, on the same day then it is a round trip. So long as the two actions are seperated by a market close and reopen you're in the clear.
As far as what taxes are associated, I really don't know. I've Only been trading under a year and haven't paid any capital gains yet so I don't know much. All I know is that the tda rep I spoke to on the phone warned me about them. He made it sound bad. Maybe the are no other taxes?
7:00am on the dot. Be ready for another down day.
Quasar Aerospace Industries, Inc. Gives a Comprehensive Update to Investors
QASP07:00 EDTMarketwire
Included Is an Update on the Recent Capital Raise, the Four Acquisitions and an Updated Website for Atlantic Aviation
JACKSONVILLE, FL -- (Marketwire) -- 08/26/09 -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR) is excited to update our shareholders on several fronts today. We are providing an update on our recent capital raise including future capital requirements, our first four acquisitions and the updated Atlantic Aviation website.
The company does not anticipate a need or any reason to return to the capital markets for additional funding. We have been very successful in raising the funds needed thus far, and we are confident we can operate quite comfortably with the capital currently raised. This should give shareholders confidence in knowing that our share structure will likely not change for the foreseeable future. The world economic situation is unpredictable lately as we all know and things could change. That being said, we remain confident.
According to CEO Dean Bradley, "Once the four announced acquisitions are closed and operational, they will be providing adequate cash flow for any and all general needs."
We would like to also update shareholders on the closing of our acquisitions. It is critical to do the four acquisitions as a single transaction on a single day. Doing otherwise would lead to excessive transactional fees and duplication of expenses. With the obvious complications of closing four acquisitions at precisely the same time on the same day, we have to find a day and time that is good for all parties and their support and legal teams. We will be soon choosing a day and time that is acceptable to all concerned. While we tried to make all of this happen for Friday, August 28, 2009, it simply is not possible. We will provide an update when it is prudent.
These first four acquisitions of these well established aviation and aerospace related businesses will add an estimated $150 million to Quasar's revenue and $15 million in EBITDA for the Company's fiscal year 2010. The first group of acquisitions are only the beginnings of the Quasar Aerospace conglomerate as we are actively pursuing other ventures within the aerospace industry.
Atlantic Aviation, Quasar's flight training academy, is proud to announce our latest website upgrade. We invite you to visit www.atlanticaviationinc.net. At Atlantic Aviation Inc. students will graduate with the excellent fundamental skills of flying, giving them an advantage to complete their goals of flying for the airlines.
your('re) not too late, under .24 is a bargain, im going all in today and my brother is adding to his position also today...as well as an acquantance.(sp?)
ps. Roundtrips are bad, mmmkay? They locked up my money for 3 days after i bought in am sold in pm...try to hold at least overnight...pps. if i had held overnight i would have made 200% the next day on behl!
Thanks shots ... Mixed bag at first reading, still clearing the cobwebs via liquid caffeine.
First impressions ... Beyond your note of a down day, which made me think ... "Uh oh ... what happened?"
One, they delivered as promised, that is, the PR that Bill confirmed with them yesterday. Miggle could take some lessons here ...
The first paragraph is encouraging! But ... the buy-back? Shelved? Omitted? ... hmmmm ... This ought to give the spokettes conniptions of speculations for the foreseeable future ....
Now we have the 'great delay' ... Which is what will be interesting ... Is this a pennyland phenomenon? It is of course understandable to a certain extent, but why put these things out there only to later retract them ... hmmmm
There is more good than bad, I think ... just off the top, hazy brained observation ...
To borrow Bill's line ... "Pixie dust and faires" over at the spoke thus far ... think some of that got mixed in with my java this morning ...
It certainly made today even more of that "ancient proverb" possible ...
"May you live in interesting times"
(FWIW-
Meaning
May you experience much upheaval and trouble in your life. The clear implication being that 'uninteresting times', of peace and tranquility, are more life-enhancing.
Origin
While purporting to be a blessing, this is in fact a curse. It is widely reported as being of ancient Chinese origin, but is likely to be of recent and western origin, although it seems to be intended to sound Chinese, in the 'Confucious he say' mould.)
http://www.phrases.org.uk/meanings/245000.html
Good morning folks...
It's been an interesting week for me - both in the market and in the life that I am striving to recreate (now that Siri is above thirty four cents).
It's interesting, to say the least, how - in human terms - a person has to *really* work to remember what it was that he did before he did that thing that consumed his passion for a period of time
Anyway, I'm logging on today to see the day's start with SPNG and to place my last sell order for QASP.
Thanks to the brilliance of accounting from the Great State of California, we found out yesterday that we'll be getting one of those wonderful I.O.U.s - bastards. According to the guy we spoke to, we can cash it in October - with 3% interest.
As one may imagine, I'm beside myself on the subject & finding difficulty finding words to describe my feelings...my thoughts are another matter, altogether.
Especially considering that I know how much money we've handed over to this Great State over the years.
Yeah, I was really hoping that we'd get it so that I could add to our sponge-fund.
Please have a fantastic day...
Ramsey
Morning Ramsey ... Love your styleGood morning folks...
It's been an interesting week for me - both in the market and in the life that I am striving to recreate (now that Siri is above thirty four cents).
It's interesting, to say the least, how - in human terms - a person has to *really* work to remember what it was that he did before he did that thing that consumed his passion for a period of time
Anyway, I'm logging on today to see the day's start with SPNG and to place my last sell order for QASP.
Thanks to the brilliance of accounting from the Great State of California, we found out yesterday that we'll be getting one of those wonderful I.O.U.s - bastards. According to the guy we spoke to, we can cash it in October - with 3% interest.
As one may imagine, I'm beside myself on the subject & finding difficulty finding words to describe my feelings...my thoughts are another matter, altogether.
Especially considering that I know how much money we've handed over to this Great State over the years.
Yeah, I was really hoping that we'd get it so that I could add to our sponge-fund.
Please have a fantastic day...
RamseyGot to love our state ...
Bailing on QASP? Or just temporialy? ... I am finding myself in this pattern that shackles me to a buy and hold against my will. If I turn around now and jump into the sponges it will almost certainly put on the brakes, I don't think I could do that to you guys ... Cynicism is not my brand of tea but sometimes I got to wonder ...
We are giving out I.O.U's again? That had to run through the cranium twice, thought we had the new press up and running ...
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