Getting Started

Getting Started in Futures Trading

June 13, 2011
Tim Racette
Getting Started

If you currently trade stock and options you’ve probably pondered the idea of futures trading. I’ve outlined the basics in my post How Futures Work over at EminiMind. One advantage to trading futures over stock and options is the ease of entry and exit. The futures markets are extremely liquid meaning there are a lot of buyers and sellers at all times making producing tight spreads, quality fills, and less slippage. If you’re considering trading futures, you may be interested…

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Becoming a Trader, Is it Right for You?

March 9, 2011
Tim Racette
Getting Started, Videos

The road to consistently profiting from the market begins with the question, is becoming a trader right for you? Is it a career you’re looking for? A job? A lifestyle? Most people become or strive to become consistently profitable traders because they think it will bring them endless amounts of money and while this may be the case for a select few (less than 1% I would estimate) trading is a hard way to make an easy living. Really, what…

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Getting Started in Trading

November 24, 2010
Tim Racette
Getting Started

For those looking to get started in trading futures, or trading in general I can relay my personal recommendation with charting package thinkorswim and futures trading platform Infinty Futures. Both companies have outstanding customer service, something greatly overlooked in the trading/investment industry. Both are on the cutting edge of innovation in the industry. And, best of all both are free (for personal accounts; entity account who sign up with TOS will pay a monthly data feed of approx $200 for…

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Filing for Trader Tax Status

November 10, 2010
Tim Racette
Getting Started, Trading Business

“In this world there is nothing that is certain except death and taxes” -Benjamin Franklin Green Trader Tax If you trade full time and even part-time you may be eligible for “trader tax status.” Trade tax status is especially important in you trade equities. The biggest advantage to claiming “trader tax status,” is the ability to elect Mark to Market accounting. MTM accounting allows the trader to treat capital gains and losses as ordinary gains and losses. Filing under “trader…

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