MarkAus

Sorry for anyone who got tons of emails from me. I was trying to update my Blog (which is finished for now). Turns out all the formatting options don't work properly so it's a bit of a mess. At least it's easy to read. Hope people like it. Hopefully within the next few months I'll be able to add some credibility to the stuff I say by actually trading. ............. Thanks to Mavrick41 I have signed up to OptionsXpress. Now waiting for sign up confirmation as I've applied for a Tmargin account. Still not sure about prices and ability to short properly but that's how it go's unfortunately. Cheers.

mavrick41
mavrick41 Mar 03, 15 6:39 AM

also suretrader states they dont deal with u.s residents or corp. so im curious as to know how tim has an account with em?

MarkAus
MarkAus Mar 04, 15 1:18 AM

It's always possible rules have changed. Tim's course explained PDT as 3 single trades (buy, sell, buy) but that's what I'm going off. Every broker may have their own rules to complicate things. Suretrader has been around for a while but their systems still have issues. The problem ppl have is: 1. Trades can lag 2. If they shutdown you lose your funds 3. Software has bugs. But, its a good start for noobs like me I guess? :D

MarkAus
MarkAus Mar 04, 15 1:21 AM

Careful with fund transfers. Any cash getting placed in your account is considered income. ATO will notice this. How you transfer the cash matters little as far as I know. Its a popular topic on forums. Most look for the best way to avoid the tax but it's tricky. Talk to an accountant. ;)

mavrick41
mavrick41 Mar 04, 15 6:46 AM

yes true when going back to a bank account but if goes bacl to neteller where you can take cash out of a atm doubt they will know

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