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To: Robert A. Green, CPA who wrote (3365)	3/12/1998 7:01:00 PM
From: Ira Player	Respond to of 12617

Mr. Green, Do not misinterpret what I said!! I am very active in my retirement account and plan to continue. I place the highest probability plays in that area, specifically to take advantage of the tax deferral. My comments were not intended to say avoid trading in an IRA. I actually feel, if you are good, that it is the BEST place to do it. <ggg> My comment was meant to address the issue of electing trader status and calling the IRS's attention to the fact that you consider yourself a trader!! Active trading is investing, with aggression. All investing is speculation, some with more patience than others! Electing trader status is admitting to the IRS that you are a trader. If you also have substantial IRA capital, and intend to actively "invest" it, The IRS doesn't have to build very much of a case that you are operating a business within the IRA, if you have explicitly stated that your similar activities outside of it IS A BUSINESS. Declaring trader status to allow a few more deductions, if you have substantial IRA funds is an unreasonable risk. Ira