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Strategies & Market Trends : Dow Jones Futures -- A free paper trading service -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (108)	2/3/2000 2:07:00 PM
From: SE	Read Replies (2) \| Respond to of 797

Not an issue. Futures contracts are treated differently and marked to market at the end of the year. All gains and losses are 60% long term 40% short term. Wash sale rules have no impact whatsoever.

To: Investor2 who wrote (108)	2/3/2000 2:28:00 PM
From: Patrick Slevin	Respond to of 797

It's all short term trading however. Let's say I owned the SP0H Long for a week and made $10K. Intraweek I day traded the ES from both sides for $5K profit. I'm not using one to protect the other, if I wanted to hedge I would use Futures Options or Large Cap Stock, I suppose. Perhaps SPY. I think the wash sale would not apply because the term on either trade would normally be less than 31 days. Even if they were not, the trade would have to be rolled forward prior to where it would become a Long Term Capital Gain, I'm pretty certain. Similar to if you own QCOM Calls, and rolled them forward during Expiration week. I'm pretty sure that's a valid presumption.