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To: TFF who wrote (3343)	3/11/1998 8:42:00 PM
From: Robert A. Green, CPA	Read Replies (3) \| Respond to of 12617

How many of you Day Traders know that you are entitled by the IRS to deduct your entire economic trading losses at year-end December 31, 1997, against all your other gross taxable income? Why pay income taxes if you have market losses? Being in the trading business as opposed to being an "Investor" you can deduct unlimited trading losses, including "unrealized" 1997-year end losses. You can also deduct all your trading expenses including home-office, interest, Internet, computer, publications and other trading expenses. Day traders are in the business of trading; they are not subject to the limitations and penalties of long-term investors. Investors can only deduct $3,000 per year of realized losses. Investors have limitations on interest and expenses. Day traders can still get long-term capital gain treatment. Therefore, Day Traders have all the benefits of being investors but none of the many tax penalties. The reason why most Day Traders don't know about these Trader Tax Law rules is that most accountants, Internet message boards, and the financial media have not focused on them. I have read many misconceptions on the Internet about these rules. Some people think in order to qualify as being in the trading business you need to be a Dealer in Securities - that's totally false. Others think you need to be in the trading business as your full-time occupation - again false. Other's look solely to old tax court cases that are now obsolete based on the new trends in on-line trading, and Internet and computer tools available. The current post 1997 tax law research that we have carefully done is very clear on these rules and the IRS tax code does not respect those old tax court cases that say it's hard to qualify. There are no objective tests for qualifying. There are 4.5 million active day traders on the Internet and almost all of them don't know these rules. Most of them have full-time jobs outside of their trading business. They trade frequently, continuously, and they are very serious about their trading business. Not knowing these rules is a big mistake, especially if you got hit with market losses in the 4th quarter of 1997. If you want to know more about these trader tax laws and beneficial ways to report your trading business on your 1997 income tax returns, contact me rgreen@greencompany.com greencompany.com

To: TFF who wrote (3343)	3/11/1998 8:47:00 PM
From: Cash	Respond to of 12617

Check out what Jack White's (brokerage) up to: Message 3670101 The question now is how can we as good Day Trader's make money off of these "San-Diego" stocks at 10am?

To: TFF who wrote (3343)	3/11/1998 11:31:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

FINAL FRONTIER LINKS(updated): * New Changed Day Traders Educational Resources: Silicon Investor Home Page techstocks.com #1 Day Traders Site - The Final Frontier Subject 16961 Keep Your Eye On The Ball Message 3514164 Applied Derivative Trading adtrading.com Financial Trader Magazine ftrader.com Wall Street & Technology Magazine financetech.com Technical Analysis of Stock and Commodities Magazine traders.com Futures Magazine - Art Of Day Trading futuresmag.com Traders World Online Magazine: tradersworld.com From The Trading Desk Subject 15612 Elite Trader - NASDAQ Level 2 Explained elitetrader.com Commodities Trader Consumer Report: ctcr.investors.net Best Of RealTraders realtraders.com FAQ on Computer Trading Systems jurikres.com Troutman teleport.com Equity Analytics e-analytics.com Jeff Cooper Article realtraders.com Jeff Cooper Hit and Run trading thread Subject 12444 Larry Connors Article: realtraders.com Linda Bradford Raschke - Swing Trading mrci.com NASDAQ Execution Systems Explained yamner.com NASDAQ Trader nasdaqtrader.com NASDAQ Market Makers: nasdaqtrader.com Margin Explained savoystocks.com Hedge Fund Defined/Performance Figures vanhedge.com Stock Detective stockdetective.com Day Trader Strategies pristine.com Traders Glossary traders.com. Great Articles From The Trader's Coach: Adrienne Laris Toghraie Interview: Adrienne Laris Toghraie adtrading.com Trading Psychology adtrading.com Fear of Success, Fear of Failure adtrading.com The Gambling Trader adtrading.com The Perfect Fit adtrading.com Is Wrong Ever Right? traders.com. Proactive vs. Reactive Trading traders.com. Transforming Trader Self-Talk traders.com. The Home-Alone Trader teleport.com Dealing With Change traders.com. Trading In The Moment traders.com. Those Losses That The Trader Creates traders.com. Self Discipline - Prelude to Discipline finance.wat.ch The Average Trader moneymentor.com Trading Without Limits traders.com. The Happy Trader traders.com. Creating Prosperity traders.com. Money Mentor - Sunny Harris Trading Resources moneymentor.com International Institute of Trading Mastery- Dr Van K. Tharp iitm.com ADT Beginners Guide: adtrading.com ADT - Trading Techniques: Message 2988701 Traders Digest tradersdigest.com Bad Boys Of Capitalism inc.com Townsend Real Tick Software thread Subject 10862 More Great Trading Articles: sitm.com.au sitm.com.au Momentum Day Trading - Tricks of the Trade Subject 18748 SOES Trading Subject 5250 Best Remote Brokers For Day Traders: A. B. Watley(Real Tick III) abwatley.com A. B. Watley SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=16597 Castle Online (KillerKey) castleonline.com Castle Online SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=16861 CyberCorp (CyberTrader) cyber-corp.com CyberCorp SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=13095 MB Trading(Real Tick III) mbtrading.com MB Trading SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=19037 Remote Trading Resources: Mobile Computing & Communications magazine mobilecomputing.com Internet Traffic Report internettrafficreport.com Best Internet Quotes For Day Traders Quote.com quote.com Yahoo International Markets quote.yahoo.com PC Quote 6.0 pcquote.com PC Quote SI thread: Subject 1409 Reuters Internet Quotron. internet-quotron.com Reuters Internet Quotron SI thread: Subject 18400 S&P Comstock on the Net. spcomstock.com S&P Comstock on the Net SI thread: Subject 18825 Best Books For Day Traders ADT - Best Books:Trading/Technical Analysis adtrading.com Futures Magazine Book Reviews available online: futuresmag.com Best Books On Trading elder.com Traders Library traderslibrary.com Traders Press Bookstore: franchise.fantasticshopping.com Best Chart Sites For Day Traders Intraday Charting Site iqc.com Charting site at CBS Marketwatch: cbs.marketwatch.com Charts of commodity charts, including financial indices: tfc-charts.w2d.com BigCharts bigcharts.com Best Technical Analysis Sites For Day Traders TA Software Comparisons traders.com Historical Data tradepbs.com Wall Street City. wallstreetcity.com Watch List Screening Site stocktools.com Great TA threads around SI. Subject 8225 Subject 8452 Subject 16291 Subject 7865 Subject 6674 Subject 9027 Best Fundamental Analysis Sites For Day Traders Free Edgar Access freeedgar.com Best Sites For Day Trader News and Real Time Information Link to RTtrader Chatroom Subject 14489 Bloomberg Online bloomberg.com Briefing.Com briefing.com Daytraders Online/Chatroom daytraders.org Best Sites For Day Trader Tax Related Information Enhancing Profits Through Incorporating exchange2000.com Income Taxes and Record Keeping ( tax ) Subject 17266 IRS web site for Pub 550, Investment Income - irs.ustreas.gov Best Links To Other Day Trader Links Elder.com elder.com Cyberinvest cyberinvest.com Traders World Links tradersworld.com