Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (64204)	6/4/2002 6:15:15 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

Jacob, I control multiple accounts and may use any or all of them to trade with. For the most part I trade within non-taxable accounts. Sometimes (like with AMAT) there are crossover plays that I may have to keep track of ( making periodic adjustments for commissions and gains/losses along with annual adjustments for taxes). While I don't track it all to the penny, that part of it is still a bit of a pain. It does, however, give me the flexibility to DT an AMAT "short" play by simply selling shares we own and buying them back to "cover." As you know, there's a slight advantage to doing this compared to shorting through your broker. So, to answer your question, I've already sold/shorted the 3500 long shares and will have to cover/repurchase them when I close my short play - and - the gain for "we" does equal the loss for "I." Since it can get kinda confusing because of the various accounts involved, I tend to simplify it here on the threads by explaining how I view it in my mind: I am both an INVESTOR and a TRADER. I maintain a long-term conservative investment portfolio and also have a sum of money set aside for aggressive trading. While individual accounts may be used for both purposes, I approach investing and trading very differently and track the results separately. The general purpose of my investments is to safely secure the future of my family. The general purpose of my trading is to HAVE FUN and MAKE MONEY! So FWIW, while some will simply say I've hedged my AMAT long position, I look at it differently. AdvocateDevil