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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (321)	5/25/1998 9:12:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 1383

Ok Ok.. was just quibbling over the definition of a trader. To me a real trader goes more for the maximum opportunity than watching the clock to get out before 4:02 versus an investor who's objective is to grow a hopefully secure and profitable savings account... immediate income versus capital appreciation. Most trading opportunities don't provide their full move over an 8 hour period, and there are so many other questions.. for example trading derivatives against a core holding, which can be very risky, but does the core holding period deny the status. All of this begs the question of who trader status was written for? Is it for the professional broker or pit person who trades their own account? For retired people who play the market? As time goes on the market will attract greater numbers of people who find themselves divorced from the work a day world, who instead use all or a portion of their money to leverage and trade for income. They are no different than someone trading commercial property, upgrading and flipping houses, horse traders, people who buy used cars and sell them for a small return as fast as possible or countless other "trading" scenarios. Many are being put on the street from their working worlds, from forced retirement through mergers and downsizing to a host of other reasons. Armed with only a fund of assets, with life expectancy extended, and work laws often discouraging full participation in the labor force... more and more people will want to "trade" the market in a productive and work for income fashion.