as I said what's funny is that the open Bear long will be
closing and another version of the bear long will take a 1st entry
- that's for ES side of things not SPY, but again you can trade the
SPY related ETF's against the ES systems
futures are not for everyone, but if you can fit them into your
risk profile, they offer superior tax benefits over ETF's and
options if you are trading these in a taxable account as you get
the benefit of the 60/40 rule where 60% of your capital gains get
taxed at the long term cap gains tax vs the short-term cap gains
tax
also with futures - no complicated matching the trades like you
have to with stocks where you keep a list in Excel and give to your
accountant or use some software - with futures you get a simple
1099 with your gains and lost - one piece of paper - vs giving your
accountant a phone book of papers with all our trades like
you do with stocks
I hope one of the
Posted by steverobin on 22nd of Aug 2022 at 10:55 am
I hope one of the systems trades trigger today.
as I said what's funny
Posted by matt on 22nd of Aug 2022 at 11:38 am
as I said what's funny is that the open Bear long will be closing and another version of the bear long will take a 1st entry - that's for ES side of things not SPY, but again you can trade the SPY related ETF's against the ES systems
futures are not for everyone, but if you can fit them into your risk profile, they offer superior tax benefits over ETF's and options if you are trading these in a taxable account as you get the benefit of the 60/40 rule where 60% of your capital gains get taxed at the long term cap gains tax vs the short-term cap gains tax
also with futures - no complicated matching the trades like you have to with stocks where you keep a list in Excel and give to your accountant or use some software - with futures you get a simple 1099 with your gains and lost - one piece of paper - vs giving your accountant a phone book of papers with all our trades like you do with stocks
Matt - Could you show
Posted by Ray on 22nd of Aug 2022 at 12:03 pm
Matt - Could you show the stats of your two versions of the Bear Long side-by-side?
Great info! I figured out
Posted by fredsaid on 22nd of Aug 2022 at 11:52 am
Great info! I figured out why i couldnt find MES in my IB acct... futures was not enabled.. doh.
Seems stretched with NYMO and
Posted by retirefire on 22nd of Aug 2022 at 11:01 am
Seems stretched with NYMO and NAMO below bb's