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Its not special treatment for eminis. It is any traded futures trade is
treated differently by the IRS than equities. There is a 40/60 split
between long term and short term cap gains, irrespective of length of trade.
Check it out with your CPA.
Robert
>
> There is special tax treatment of emini's ? Please explain!
>
> Thanks,
>
> Judy
>
> On Wed, 16 Jan 2002, Robert Marlan wrote:
>
> #What this might represent is that you were going from a net short
position
> #to a net long position. You may not have had the buying power to buy the
> #additional 800 until the first 800 were covered. All brokers use some
kind
> #of risk protection to ensure that you are trading withing the limits of
your
> #account. However, I would be concerned about a *2 Minute* delay. I
could
> #understand a few seconds at most. I trade globex futures and get great
> #(fair) fills, with no downtick rule. I used to trade the QQQ's before
the
> #decimaliztion, and at that time there were often slow executions by the
> #specialist, and sometimes spreads of up to 1/4 pt!!
> #
> #If you are trading QQQ or SPY on a regular basis - consider the emini
> #products - forget the pits even if you want a bigger position - trade
> #multiple minis. Commissions with TRADE are about $6 each way - not too
bad.
> #Also condsider the tax advantages of almost 1/2 your profit being
considered
> #long tern cap gains by the IRS even if the trade was for a second!
> #
> #Good Luck and Good Profits!
> #
> #Robert
> #
> #
> #
> #>
> #>
> #> > I had the following life "QQQ" trade executed yesterday (on TS6):
> #> >
> #> > (from long 800): sell 1600 shares QQQ at MARKET on 1/15/02 1:28:36 pm
> #> (price
> #> > was at 39.98)
> #> > Fills:
> #> > 1/15/02 1:29:52 pm 800 QQQ at 39.9538
> #> > 1/15/02 1:30:38 pm 800 QQQ at 39.9300 <= more than 2 minutes
> #> >
> #> > Does that earn rewards now ?
> #> >
> #> > Robert
> #> > ===============================
> #> > Robert Linders
> #> > Orlando, FL
> #> > email: mugsnug@xxxxxxxxx
> #> > ===============================
> #> > ----- Original Message -----
> #> > From: "Jim Bronke" <jvbronke@xxxxxxxx>
> #> > To: "Mark Brown" <markbrown@xxxxxxxxxxxxx>; <Omega-List@xxxxxxxxxx>
> #> > Sent: Saturday, January 12, 2002 3:46 PM
> #> > Subject: Re: Reader's Choice Awards - TASC Does it again
> #> >
> #> >
> #> > >
> #> > > Mark,
> #> > >
> #> > > Without desiring to be patronizing I can say that you can only
> #> effectively
> #> > > exercise concern on one issue if you don't create another one in
the
> #> > > process. I think most would say that by expressing yourself that
way
> #> you
> #> > do
> #> > > create another issue. If you don't like TASC just don't subscribe.
I
> #got
> #> > > along fine without it until just a few months ago. You can throw
them
> #> > away
> #> > > like we can delete emails that we can't be bothered with. Deal with
> #the
> #> > real
> #> > > issue and progress can sometimes be made.
> #> > >
> #> > >
> #> > > Jim Bronke
> #> > > Phoenix, AZ
> #> > >
> #> > >
> #> > >
> #> > > ----- Original Message -----
> #> > > From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
> #> > > To: <Omega-List@xxxxxxxxxx>
> #> > > Sent: Saturday, January 12, 2002 12:57 PM
> #> > > Subject: Re: Reader's Choice Awards - TASC Does it again
> #> > >
> #> > >
> #> > > :
> #> > > : Hello Jim,
> #> > > :
> #> > > : JB> I had to think about this.
> #> > > :
> #> > > : good.
> #> > > :
> #> > > : JB> This is really not an appropriate comment.
> #> > > :
> #> > > : i agree - but neither is the perpetuated RAPE of the general
public.
> #> > > :
> #> > > : JB> I have
> #> > > : JB> talked to the new editor(a few months back) and it is a she
and
> #it
> #> > is
> #> > > just
> #> > > : JB> not in good taste to make such an inference about a woman.
> #> > > :
> #> > > : the comment apply's to a business ethic or rather a lack thereof.
> #> > > :
> #> > > : JB> If you really think that TASC will compromise its' integrity
by
> #> > > : JB> favoring software purely based upon advertising revenue then
you
> #> > > : JB> can make that statement.
> #> > > :
> #> > > : then i can make that statement and feel i could certainly defend
> #that
> #> > > : position in a court of law, at least here in the states. i
> #honestly
> #> > > : feel that s&c are crooks with absolutely no integrity at all.
> #> > > :
> #> > > : JB> But, keep it at that. For the sake of common courtesy on our
> #list.
> #> > > : JB> OK?
> #> > > :
> #> > > : no excuses i stand by my act.
> #> > > :
> #> > > :
> #> > > : JB> Jim Bronke
> #> > > : JB> Phoenix, AZ
> #> > > :
> #> > > :
> #> > > :
> #> > > : --
> #> > > :
> #> > > : Have a Great Day, Mark
> #> > > :
> #> > > : http://www.markbrown.com
> #> > > :
> #> > > :
> #> > >
> #> > >
> #> > >
> #> >
> #> >
> #> >
> #>
> #>
> #>
> #
> #
>
>
>
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