Identifying Winning Chart Patterns -- January 12, 2010 - 4:30 - 5:30 PM EST
The distinguished technical analyst and author, Harry Boxer discusses his strategy for identifying winning chart patterns in stocks & ETFs. His approach is based on more than 35 years of reading technical patterns and indicators. In this 1 1/2 hour presentation, Harry will do the following:
Demonstrate how he uses live charting software in making trades
Illustrate his favorite patterns and underlying technical indicators
Provide projections on his own favorite stocks and index ETFs
Take attendee questions on stocks of your interest
Harry Boxer is author of The Technical Trader ( www.thetechtrader.com ), a real-time diary of his trading ideas and market analysis. He has more than 40 years of Wall Street investment and technical analysis experience, including eight years on Wall Street as chief technical analyst with three brokerage firms. Former chief technical analyst and columnist for AmericaInvest.com and winner of the 1995 & 1996 worldwide Internet stock-market trading contest, "The Technical Analysis Challenge," Harry is widely syndicated and a featured guest on many financial programs and sites, including CNBC, CBSMarketWatch, Stockhouse, DecisionPoint and more.
The typical Market Trading business is a one person operation run from a home office. A home office has always caused problems with regards to the IRS in proving its validity. Namely the problem is proving the separation from work and personal use of the home office, home office equipment, area, and sole purpose to the business. There is a two part test that must be satisfied: The business must be separate from the owner's personal life, and the business must be ongoing. In contrast to the home-business, if you look at a small business with a brick-and-mortar office building outside of the home with a few employees on the payroll, it is much easier to prove that the business is separate from the owner's personal life, and that it is an ongoing business. The IRS does not consider a tax filing alone as verification that a business exists. (A tax filing is little more than a claim that the business exists.) If the IRS or the state, or a prosecuting attorney need to challenge the business claim it is the onus of the business owner to have proof that can substantiate the business existence claim to be valid. The business that has a leased building and steady payroll to employees, office furnishings and equipment purchases, etc. has a far easier time and less challengeable business validation than does a home office business owner.
As the CFO service for our clients it is Traders Accounting's responsibility to make you aware of the Trading Company Shield and the necessity for protecting your corporate asset. In light of the difficulty stated above the use of our Trading Company Shield is very much an insurance protection that is more than affordable . Affordable not just in terms of the protection of your Corporate Veil investment and the tax benefits at risk if you lose your corporate protection, but also affordable in comparison to having a third party or an attorney provide the documentation. From a time-management perspective the use of our online portal is fast, easy to navigate, and has every document a business requires at the click of a mouse. The Trading Company Shield is price affordable, easy to setup and use, and time efficient making this a much needed function for your corporate asset.
The Trading Company Shield is an online portal that provides for you many beneficial features.
Join Traders Accounting at the International Traders Expo in New York! We will be holding three special events in addition to a full booth setup for you to visit us at this Expo. Event 1: Five Ways Traders Throw Money Away Every trader knows there is one critical aspect to trading that can't be ignored – it is easier to trade with more money than with less. The concept may sound simple enough, but most traders are unaware of the available tools that will impact trading capital. In this presentation Traders Accounting present five areas that have a direct impact on trading cash flow.
Wash Sales Capital Losses Medical Expenses Trading Expenses
Event 2: 5 Critical Mistakes Active Traders Make. Traders Accounting engaged an independent research firm to investigate the trends outlined in this study. In a report from the Wall Street Journal, Drew Niv, Chief Executive of FXCM stated, “If 15% of day traders are profitable, I'd be surprised.” During this fact filled presentation based on market research see the statistics on:
1. The Investors Landscape
2. Exposing the Markets
3. The Five Critical Mistakes Traders Make
4. The Business Front
5. The Five Steps to Success
Event 3: Increase Cash Flow With Tax Efficient Trading Part of the survival for any successful trader is cash flow management. The largest expense a trader has whether the trader makes or loses money is taxes. Every dollar we spend on taxes means we have one less dollar to trade with. With this in mind it is obvious that as traders we have the obligation to do everything possible to keep as much money in our brokerage accounts as possible. Jim will teach us about increasing our cash flow through Trading as a Business. In his presentation he will lead us through an interactive workshop on:
Trading as a sole proprietor
o The IRS “special rules” surrounding “Traders Status”
o The recent Frank Chen Tax Court Case, and what it means to all traders
The advantages and disadvantages of trading as a formalized business—What type trader would use a formal business?
o Partnerships
o LLC's
o Corporations
Is there a cookie cutter approach to tax savings for a trader?
The taxation of 1256 contracts
o The difference
o What types of trading business would fit in this category
Mark to Market
o A panacea or an empty promise for a trader?
Trading in a retirement account
o What is the best way to approach this
Traders Accounting provides this free Newsletter as a service to our clients and subscribers. The publication is sent out once each week on average and is intended to keep Traders aware of changes to the Tax code, educational opportunities, and general news that pertains to the business of trading.
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