Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[fast trader7]

Hello guys,
Do you expect any volatility at 4:30 UK close and US close at 9pm?

 

[dr.blix]

does anyone here have large tax bill from trading, I can wipe out their tax liability in one week.

what, i give you my bank balance and you go and buy a ferrari?

 

[Glenn]

Anyone else out there trade future contracts out of interest?

(

Yup - mainly Ftse, sometimes YM.

Glenn

 

[SuddenDeath]

Nope Dr. Blix its very simple . lets say u have 100k in profit so in...

what, i give you my bank balance and you go and buy a ferrari?

a tax year, 2009/10, u ask someone a someone you trust, to open a spread betting account, then you , when u think the market is going to fall, u go long in your tax liable account and your friend does the opposite in the spread betting account, the profits are shifted from the tax liable account into the tax free spread betting account.

 

[jackolan]

a tax year, 2009/10, u ask someone a someone you trust, to open a spread betting account, then you , when u think the market is going to fall, u go long in your tax liable account and your friend does the opposite in the spread betting account, the profits are shifted from the tax liable account into the tax free spread betting account.

Ummmm.... why do you need a friend?

 

[dr.blix]

aww...pants, looks like a 2 bar key reversal, not a triangle

 

[SuddenDeath]

@ Jackolan what would you suggest

 

[10pips]

contemplating a long shortly.....with 25pt s/l with lower £pp. on FTSE.

 

[jackolan]

@ Jackolan what would you suggest

Lose in your own CFD account, win in your own spread bet account. Thus making a capital loss in the CFDs and tax free gains in the spread bet... but now... what to do with those capital losses? If I could somehow convert them into an INCOME loss that would be much more useful (rebate, rebate, rebate!!!)

 

[wallstreet1928]

potential break out forming here

50 MA ...............can we hold it!!

 

[dr.blix]

potential break out forming here

i have it latching on the outcome of a poss SPX triangle.

 

[SuddenDeath]

@Wallstreet1928, excellent call this morning on the FTSE 100.

 

[10pips]

Ftse Long 4345
s/l - 25pts - target 10pts

 

[dr.blix]

i have it latching on the outcome of a poss SPX triangle.

closed my short for a -10 pt loss.

triangle broke out north...poop.

 

[10pips]

Long 4345
s/l - 25pts
target 10pts

(position closed with target achieved)

 

[traceyjc]

Jack that is the best post I have ever read on a forum. You have basically just given everyone here a way to offset capital gains. Amazing. You're my hero!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[sujithsstorock]

dax buy at 4863 sl 4822 tgt 4898

 

[lapalabra]

Long 4345
s/l - 25pts
target 10pts

(position closed with target achieved)

Nice one Londoner

 

[jackolan]

Jack that is the best post I have ever read on a forum. You have basically just given everyone here a way to offset capital gains. Amazing. You're my hero!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Did I forget to mention my 10% advisors fee?

 

[InTheMoneyStocks]

Source: InTheMoneyStocks