rube

[rube @rube9987]

@colin_gladman 2016 after his win saw spy pump $200- $220 in a day, never thought that was possible. America 250 we need a 5% week to break record.

[rube @rube9987]

@seer_xyz Wait until a 2% gap up in futures open

[rube @rube9987]

@algo_rhytm_trdr Make it $799.85

[rube @rube9987]

@Mandela_O1 @_fels1 How is a 1 nightstand considered a simp

[rube @rube9987]

@syghmo @mungaikihanya What's the best coffee locally

[rube @rube9987]

@EricMurikiMuri1 Once put $20 into emini 0dte n China news dropped overnight, ended up $2000

[rube @rube9987]

@walnutdoor84 @aincomeinvestor 10% return a year on 500m is roughly 50m so roughly 4m a month

[rube @rube9987]

@barrack_gumba @mumiasfinest Talk to me I take a commission of the pay

[rube @rube9987]

@SolanaCasinos @cryptogoos 🤣🤣

[rube @rube9987]

@NaingEthan @gurgavin 😂😂

[rube @rube9987]

@RxBlindGuy @CoinMarketCap Bitmex rekt days, used to be able to move the market then

[rube @rube9987]

@FurtureRichKid Not $meta

[rube @rube9987]

@JpowPrintsBrrrr @burrytracker It was 10% then, equivalent would be ~$5000 rise or drop

[rube @rube9987]

@TradeReadyHQ @TheChiefNerd How long is that

[Rensing Trades @RensingTrades]

IF YOU MAKE A LOT OF TRADES PER YEAR STOP AND READ THIS

So my CPA told me this year that I would qualify for "Active Trader Status"

If you've never heard of it before this can be massive for you and your portfolio when filing taxes... heres a quick breakdown below of how you can qualify and what it can do for you!

Active Trader Status (or Trader Tax Status - TTS) is an IRS designation for individuals who trade securities with high volume, frequency, and regularity, allowing them to treat trading as a business. Benefits include deducting expenses on Schedule C (like home office, software, and subscriptions) and potentially electing Mark-to-Market accounting to bypass wash sale rules and the $3,000 capital loss limit

Key Requirements to Qualify (Based on IRS & Court Guidelines):

Substantial Activity: High volume and frequency, typically interpreted as roughly 720+ trades per year.

Continuity/Regularity: Trading on most days the market is open (roughly 4 days/week or 75%+ of market days).

Time Commitment: Substantial time dedicated to trading, often considered full-time or nearly so (4+ hours/day).

Intent: Aiming to profit from short-term daily market movements, not long-term appreciation or dividends.

Average Holding Period: Generally, holding periods should be under 31 days to distinguish from investing.

Key Benefits & Considerations:

Deduct Expenses: Trading expenses are deductible business expenses (Schedule C), rather than restricted investment expenses.

Mark-to-Market (Section 475): Allows traders to treat gains/losses as ordinary income, removing the $3,000 limitation on capital loss deductions.

No Wash Sales: Section 475 election exempts traders from the wash sale rule, which otherwise defers losses on similar securities bought within 30 days.

How to Apply: There is no official form to request TTS. It is claimed by Filing Schedule C and reporting activity as a business. The MTM election requires a timely election statement by April 15 of the current tax year.

[rube @rube9987]

@tonitrades_ How do you calculate the probability

[rube @rube9987]

@JohnLoc18 Throw some change here so I also start the challenge.
EGoXeKuPgAPm8BW2bjgYXNvaUpWEWAGPTZM4rrTPpKPX

[rube @rube9987]

@TradableAstro What platform is that if u don't mind

[rube @rube9987]

@SenseiSOL @phantom @MetaMask @Backpack Too greedy and no airdrop

[rube @rube9987]

@JohnUSA85 @bnb