From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1241 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, March 29 2001 Volume 02 : Number 1241 In this issue: [CANSLIM] (no subject) Re: [CANSLIM] How could we be more efficient? [CANSLIM] Nasdaq Stocks in the News Re: [CANSLIM] Nasdaq Stocks in the News RE: [CANSLIM] Nasdaq Stocks in the News [CANSLIM] Re: Folio Fn Investments [CANSLIM] Re: Nasdaq Stocks in the News Re: [CANSLIM] donuts Re: [CANSLIM] Re: Nasdaq Stocks in the News Re: [CANSLIM] Tax question (slightly off topic) [CANSLIM] Pullbacks- ADVP,SHFL comments Re: [CANSLIM] Tax question (slightly off topic) Re: [CANSLIM] Tax question (slightly off topic) ---------------------------------------------------------------------- Date: Thu, 29 Mar 2001 10:03:51 -0500 From: "Roger Torstenson" Subject: [CANSLIM] (no subject) Hello Tuesday's Investor's Corner (IBD) had a paragraph "But how do you select the right stocks? First, make sure the market is healthy. Don't even think about buying when stocks are trapped in a bear market, as they are now." Roger Torstenson David Squires wrote: > > Hi all, > > I have not been following this thread. I have seen a few breakouts that have > moved AND STUCK. This action is good but the NUMBER, a few, is bad! I guess > nobody got the point of my trick, as Tom called it. The NASDAQ is in a > massive downtrend and it will take a huge rally to give even a glimmer of > hope to investing in the CANSLIM method. The next rally will look, smell and > taste like a new bull...that's the purpose of a BEAR MARKET RALLY....to load > the train for another trip to financial derailment. > > Good Trading, > DSquires > > - - - ------------------------------ Date: Thu, 29 Mar 2001 06:10:23 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] How could we be more efficient? Kent, You should get your emails bounced back from the list server within minutes. I have my PC set to check for emails every five minutes, and normally get mine back within ten minutes or so unless it gets hung up due a rule violation (using that drated sub-s-c-r-i-p... word for example). Talk to your ISP, or email Jeff for suggestions on curing the problem. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Kent Norman To: Sent: Thursday, March 29, 2001 12:39 AM Subject: RE: [CANSLIM] How could we be more efficient? One problem I see is the delay on posting to this group. I often post about 11:00 - midnight and don't see it arrive in my mail till mid day. ( am sending this at 11:38 PM Wednesday 3-28-2001. Check your time stamp for comparison.) I guess we could each make an email list of participants, but some mail clients restrict the number of addresses you can send to at one time. I would like to be a part of the group. My Job ends in a month, so I don't know what my schedule will be. Regards Kent Norman then given to volunteers, for instance, people who can watch the stocks during the day could keep an eye for breakouts, then post email messages asap with buy points idientified, etc.. __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - - - ------------------------------ Date: Thu, 29 Mar 2001 08:06:04 -0800 From: "DiFabio, Nancy" Subject: [CANSLIM] Nasdaq Stocks in the News This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0B86A.348CD3A4 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit LNCR was featured in IBD today (again) ? Any thoughts? Nancy "WorldSecure " made the following annotations on 03/29/01 08:07:02 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0B86A.348CD3A4 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Nasdaq Stocks in the News

LNCR was featured in IBD today (again) ?  Any thoughts?

Nancy

"WorldSecure <irell.com>" made the following
annotations on 03/29/01 08:07:02
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PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


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- ------_=_NextPart_001_01C0B86A.348CD3A4-- - - ------------------------------ Date: Thu, 29 Mar 2001 08:14:49 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Nasdaq Stocks in the News It's basing, not even on my watch list since it needs to get closer to the pivot of 63-1/8. Other than that great ERG AD etc... On 08:06 AM 3/29/01, DiFabio, Nancy Said: >LNCR was featured in IBD today (again) ? Any thoughts? > >Nancy > >"WorldSecure " made the following >annotations on 03/29/01 08:07:02 >------------------------------------------------------------------------------ >PLEASE NOTE: This message, including any attachments, may include >privileged, confidential and/or inside information. Any distribution or >use of this communication by anyone other than the intended recipient(s) >is strictly prohibited and may be unlawful. If you are not the intended >recipient, please notify the sender by replying to this message and then >delete it from your system. Thank you. > > >============================================================================== Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 29 Mar 2001 08:25:11 -0800 From: "DiFabio, Nancy" Subject: RE: [CANSLIM] Nasdaq Stocks in the News This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0B86C.DFF1FEF2 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit thanks for answering. - -----Original Message----- From: Tim Fisher [mailto:Tim@OreRockOn.com] Sent: Thursday, March 29, 2001 8:15 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Nasdaq Stocks in the News It's basing, not even on my watch list since it needs to get closer to the pivot of 63-1/8. Other than that great ERG AD etc... On 08:06 AM 3/29/01, DiFabio, Nancy Said: >LNCR was featured in IBD today (again) ? Any thoughts? > >Nancy > >"WorldSecure " made the following >annotations on 03/29/01 08:07:02 >--------------------------------------------------------------------------- - --- >PLEASE NOTE: This message, including any attachments, may include >privileged, confidential and/or inside information. Any distribution or >use of this communication by anyone other than the intended recipient(s) >is strictly prohibited and may be unlawful. If you are not the intended >recipient, please notify the sender by replying to this message and then >delete it from your system. Thank you. > > >=========================================================================== === Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - "WorldSecure " made the following annotations on 03/29/01 08:26:09 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0B86C.DFF1FEF2 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit RE: [CANSLIM] Nasdaq Stocks in the News

thanks for answering.

-----Original Message-----
From: Tim Fisher [mailto:Tim@OreRockOn.com]
Sent: Thursday, March 29, 2001 8:15 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Nasdaq Stocks in the News


It's basing, not even on my watch list since it needs to get closer to the
pivot of 63-1/8. Other than that great ERG AD etc...

On 08:06 AM 3/29/01, DiFabio, Nancy Said:

>LNCR was featured in IBD today (again) ?  Any thoughts?
>
>Nancy
>
>"WorldSecure <irell.com>" made the following
>annotations on 03/29/01 08:07:02
>------------------------------------------------------------------------------
>PLEASE NOTE: This message, including any attachments, may include
>privileged, confidential and/or inside information. Any distribution or
>use of this communication by anyone other than the intended recipient(s)
>is strictly prohibited and may be unlawful. If you are not the intended
>recipient, please notify the sender by replying to this message and then
>delete it from your system. Thank you.
>
>
>==============================================================================

Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites

Tim@OreRockOn.com
WWW: http://OreRockOn.com
See naked fish and rocks!


-

"WorldSecure <irell.com>" made the following
annotations on 03/29/01 08:26:09
- ------------------------------------------------------------------------------
PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


==============================================================================

- ------_=_NextPart_001_01C0B86C.DFF1FEF2-- - - ------------------------------ Date: 29 Mar 2001 10:33:11 CST From: Fanus Subject: [CANSLIM] Re: Folio Fn Investments The free sign-up is for netfolio. Not foliofn. Different companies. - - Fanus "Rich Weinhold" wrote: I just got a email from AAII( am a member) that I could sign up for Folio= Fn investments for a year at not cost, and get some other sites also free. So I have signed up and starting to learn how to use the site Any one else get this offer. Rich - ----- Original Message ----- From: "Fanus" To: Sent: Tuesday, March 27, 2001 11:41 PM Subject: [CANSLIM] Re: Folio Fn Investments > I am using Foliofn for an "adapted" CANSLIM approach. Since I cannot monitor > the market during the days and since I am traveling alot, I have a more= longer > term approach and concentrate on weekly charts. I haven't bought anyth= ing for > a couple of months due to the market though. > > Related to this topic, I am subsribed to American Association for Inividual > Investors (www.aaii.com). They have a few screens/models which they a= re > tracking the performance of for the last three years. CANSLIM is one of= this > models they are tracking. Their approach is to start with a given portfolio in > the beginning of the year and buy all stocks matching CANSLIM criteria.= Every > month, they are running the screen again and sell all stocks not matchi= ng the > criteria and buy the ones which do. They do not spell out how the allocation > exactly work and how they rebalance it though. However... The yearly > performances for 1998, 1999 and 2000 was 28.2, 36.6 and 38.0. Interestingly > enough 2000 was the best year. I suspect this have to do that fewer stocks > qualify during bad times which keep the portfolio effectively out of th= e > market and they probably was only fully invested during the first coupl= e of > months in 2000. CANSLIM was also the only consistent performer of the = all the > screens . Told me that CANSLIM is doing something right... > > If you can't follow the market closely, I guess this can be a good strategy to > follow with foliofn. > > Regards > - Fanus > > > "Perry Stanfield" wrote: > Has anyone here been using "Folios" for Cansliming? It seems to me t= hat > there might be tremendous potential for using folios as Canslimers. > > A Folio is a basket of stocks that you pick and invest in. You can hav= e up > to 50 stocks in the basket. You can allocate different amounts of mone= y > into each stock in the folio; you can sell poor performing stocks and a= dd > new ones. You can move all of the equity positions into cash (money > market), or back into your folio, in whatever proportions for each stoc= k you > wish. Unlimited buying and selling of any stocks they deal. > > One account allows three folios, each with an attached money market account. > Annual fee for one account is $295. Buys and sells are done twice dail= y. > No stops or limit orders. > > Maybe between the best stocks from Tom's list and other picks, I feel l= ike > there are a handful of stocks I like. Rather than picking just one of them > and hoping I'm right, why not buy all of the top prospects, let them ru= n, > culling the losers and letting the winners run like good Canslimers do?= I > am seeing that in some of the watchlists I'm seeing in > Clearstation.......Most of Tom's picks look good, some really good, a f= ew > bad, but a good average........why not just grab em all if the commissi= ons > are reasonable? > > With a big enough account, $295 for an annual fee to do unlimited tinkering > seems very cost effective. I myself had 26 trades at Fidelity over th= e > past year, so I know if I could have I would have saved money. It's in= my > company's IRA, so that's irrelevant. But there are other accounts I co= uld > transfer. Three accounts could be transferred into one Folio Account.= > > A penny for your thoughts.....or at least a thanks....... > > Perry > > The website for the one I ran into is http://www.foliofn.com . > > > - > > > ____________________________________________________________________ > Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 > > - - - ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - ------------------------------ Date: 29 Mar 2001 10:47:10 CST From: Fanus Subject: [CANSLIM] Re: Nasdaq Stocks in the News Tim How do you define your bases? I am having trouble deciding when a stock = is basing and when not. I have been watching LNCR for a while and it seems t= o be that since early February it roughly stayed between 52 and 60 with volume= slightly lower in February and March than it was in December and January.= I thought this would qualify it as basing, or is the range too wide? - - Fanus Tim Fisher wrote: It's basing, not even on my watch list since it needs to get closer to th= e = pivot of 63-1/8. Other than that great ERG AD etc... On 08:06 AM 3/29/01, DiFabio, Nancy Said: >LNCR was featured in IBD today (again) ? Any thoughts? > >Nancy > >"WorldSecure " made the following >annotations on 03/29/01 08:07:02 >------------------------------------------------------------------------= - ------ >PLEASE NOTE: This message, including any attachments, may include = >privileged, confidential and/or inside information. Any distribution or = >use of this communication by anyone other than the intended recipient(s)= = >is strictly prohibited and may be unlawful. If you are not the intended = >recipient, please notify the sender by replying to this message and then= = >delete it from your system. Thank you. > > >=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - ------------------------------ Date: Thu, 29 Mar 2001 09:00:57 -0800 From: Eric Shen Subject: Re: [CANSLIM] donuts Kent, We had the same frenzy in the Sacramento area late last year. Now that Arlington has had Krispy Kreme for the past two years, are the lines still as long? I saw Krispy Kreme in Las Vegas (Circus Circus) and there wasn't much of a line. I think the company might peak once all the communitities have access to it. I wonder how much penetration the company has. Eric Kent Norman wrote: > > The same kind of response was seen in Arlington Tx a > couple of years ago. I made a mental note to buy the > IPO and then forgot. > > They say the memory is the second thing to go, I don't > remeber what the first thing is... > > Kent Norman > > --- Patrick Wahl wrote: > > A little Peter Lynch analysis - A Krispy Kreme donut > > shop opened > > in Denver yesterday, it has been all over the news > > for the last two > > days. 2 hour waits for donuts, they had to limit > > customers to 5 > > dozen donuts because they couldn't keep up with > > demand. They > > have sold 70,000 donuts in about 36 hours. > > Obviously this won't > > continue, but they have a lot of fans. Someone in > > forbes > > recommended this stock as a short sale, don't think > > I would take > > that trade after seeing this frenzy. > > > > - > > > > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail. > http://personal.mail.yahoo.com/?.refer=text > > - - -- Eric Shen MS LOC3-8 Intel Corporation email: eshen@level1.com 9750 Goethe Road Tel: (916) 855 5177 x4497 Sacramento, CA 95827 - - ------------------------------ Date: Thu, 29 Mar 2001 09:27:17 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Re: Nasdaq Stocks in the News You defined the base right there. On 08:47 AM 3/29/01, Fanus Said: >Tim > >How do you define your bases? I am having trouble deciding when a stock is >basing and when not. I have been watching LNCR for a while and it seems to be >that since early February it roughly stayed between 52 and 60 with volume >slightly lower in February and March than it was in December and January. I >thought this would qualify it as basing, or is the range too wide? > >- Fanus > >Tim Fisher wrote: >It's basing, not even on my watch list since it needs to get closer to the >pivot of 63-1/8. Other than that great ERG AD etc... > >On 08:06 AM 3/29/01, DiFabio, Nancy Said: > > >LNCR was featured in IBD today (again) ? Any thoughts? > > > >Nancy > > > >"WorldSecure " made the following > >annotations on 03/29/01 08:07:02 > >------------------------------------------------------------------------- > ----- > >PLEASE NOTE: This message, including any attachments, may include > >privileged, confidential and/or inside information. Any distribution or > >use of this communication by anyone other than the intended recipient(s) > >is strictly prohibited and may be unlawful. If you are not the intended > >recipient, please notify the sender by replying to this message and then > >delete it from your system. Thank you. > > > > > >========================================================================= > ===== > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > >____________________________________________________________________ >Get free email and a permanent address at http://www.netaddress.com/?N=1 > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 29 Mar 2001 12:06:30 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Tax question (slightly off topic) I am probably wrong on this, but what I am getting at is that day traders might make, maybe, 1500-2000 trades in a year, if you figure 240 or so trading days, and 5 to 10 trades a day. It doesn't seem reasonable that the IRS would require every single one of those to be reported (of course, the IRS is not known for being reasonable). In futures trading, you get a single statement at the end of the year that gives you your profit/loss for the year, and even if you made 200 trades, it is one line on a Schedule D. I was wondering if daytrading enters some other realm of reporting and report the way futures traders do, but maybe they really do have to report every last lousy trade at the end of the year. On 29 Mar 01, at 6:03, rolatzi wrote: > I use quicken to log my finances. Quicken uploads all of > my trading from my brokerage account and I help it keep > track of closed transactions. At the end of the year, I > have it do a capital gains analysis which I then load on to > Turbotax. My life has become much simpler with all of > these aids. Turbotax and Quicken are well worth the > investment if you do any amount of trading. > > Previously, I would track my trades on Excel. Quicken and > Turbotax are much easier. > > rolatzi > --- Dan wrote: > > > > > > Patrick Wahl wrote: > > > > > I was recently doing my taxes and was curious as to > > what the day > > > traders have to do regarding recording their trades. > > They can't > > > possibly list every trade on a stack of Schedule D > > forms. Anyone > > > know how that sort of trade activity is reported to the > > IRS? > > > > My CPA required every trade recorded on Schedule D. It > > is a piece of > > cake, if done timely. :-) > > > > > > > > > > > Along these lines, looking at all of my trades on the > > Schedule D > > > was a horrifying experience, so I pulled up charts of > > most of the > > > losers and plotted my buy and sell points. This is an > > instructive > > > exercise to go through, I used to do it but got away > > from it. When > > > looking over all my trades this way I could see that I > > was getting > > > careless with my buy points, and many, not all, of the > > losers were > > > due to sloppy chart interpretation (some trades just > > don't work out). > > > The point is that tracking all of your trades is a good > > habit to pick > > > up, can be very educational > > > > > > - > > > > -- > > Dan > > > > http://www.globexplorer.com/cfviewer/start.cfm > > > > http://www.corazon.org/ > > > > > > > > - > > > > > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail. > http://personal.mail.yahoo.com/?.refer=text > > - > - - ------------------------------ Date: Thu, 29 Mar 2001 11:59:04 -0800 From: "Bill Triffet" Subject: [CANSLIM] Pullbacks- ADVP,SHFL comments Just a couple observations from the sidelines... I got lured into ADVP too early a couple weeks ago and was shook out before the gap up. Those that chased it up might too have some regrets now. Same with SHFL it has the same action - a spike up with now a spike down. I attribute this to the market and that it was an upwards trending handle (if you can call it that) which is more prone to fail than a downwards handle. They may both continue back up ( the day is not over) but they look fishy. Comments? - -Bill Triffet - - ------------------------------ Date: Thu, 29 Mar 2001 14:20:50 -0600 From: Gene Ricci Subject: Re: [CANSLIM] Tax question (slightly off topic) This is a multi-part message in MIME format. - ------=_NextPart_000_0294_01C0B85B.74B7A120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Patrick, there is a free spreadsheet that the IRS will accept as backup = to your online summary......... check it out at: http://www.tradersaccounting.com/ ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Thursday, March 29, 2001 1:06 PM Subject: Re: [CANSLIM] Tax question (slightly off topic) I am probably wrong on this, but what I am getting at is that day=20 traders might make, maybe, 1500-2000 trades in a year, if you=20 figure 240 or so trading days, and 5 to 10 trades a day. It doesn't=20 seem reasonable that the IRS would require every single one of=20 those to be reported (of course, the IRS is not known for being=20 reasonable). In futures trading, you get a single statement at the=20 end of the year that gives you your profit/loss for the year, and even = if you made 200 trades, it is one line on a Schedule D. I was=20 wondering if daytrading enters some other realm of reporting and=20 report the way futures traders do, but maybe they really do have to=20 report every last lousy trade at the end of the year. On 29 Mar 01, at 6:03, rolatzi wrote: > I use quicken to log my finances. Quicken uploads all of > my trading from my brokerage account and I help it keep > track of closed transactions. At the end of the year, I > have it do a capital gains analysis which I then load on to > Turbotax. My life has become much simpler with all of > these aids. Turbotax and Quicken are well worth the > investment if you do any amount of trading. =20 >=20 > Previously, I would track my trades on Excel. Quicken and > Turbotax are much easier. >=20 > rolatzi > --- Dan wrote: > >=20 > >=20 > > Patrick Wahl wrote: > >=20 > > > I was recently doing my taxes and was curious as to > > what the day > > > traders have to do regarding recording their trades.=20 > > They can't > > > possibly list every trade on a stack of Schedule D > > forms. Anyone > > > know how that sort of trade activity is reported to the > > IRS? > >=20 > > My CPA required every trade recorded on Schedule D. It > > is a piece of > > cake, if done timely. :-) > >=20 > > > > > > > > > Along these lines, looking at all of my trades on the > > Schedule D > > > was a horrifying experience, so I pulled up charts of > > most of the > > > losers and plotted my buy and sell points. This is an > > instructive > > > exercise to go through, I used to do it but got away > > from it. When > > > looking over all my trades this way I could see that I > > was getting > > > careless with my buy points, and many, not all, of the > > losers were > > > due to sloppy chart interpretation (some trades just > > don't work out). > > > The point is that tracking all of your trades is a good > > habit to pick > > > up, can be very educational > > > > > > - > >=20 > > -- > > Dan > >=20 > > http://www.globexplorer.com/cfviewer/start.cfm > >=20 > > http://www.corazon.org/ > >=20 > >=20 > >=20 > > - > >=20 >=20 >=20 > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail.=20 > http://personal.mail.yahoo.com/?.refer=3Dtext >=20 > - >=20 - - ------=_NextPart_000_0294_01C0B85B.74B7A120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Patrick, there is a free spreadsheet = that the=20 IRS will accept as backup to your online summary......... check it out=20 at:
 
http://www.tradersaccounting.c= om/
 
 
----- Original Message -----
From:=20 Patrick = Wahl=20
Sent: Thursday, March 29, 2001 = 1:06=20 PM
Subject: Re: [CANSLIM] Tax = question=20 (slightly off topic)

I am probably wrong on this, but what I am getting at = is that=20 day
traders might make, maybe, 1500-2000 trades in a year, if you=20
figure 240 or so trading days, and 5 to 10 trades a day.  It = doesn't=20
seem reasonable that the IRS would require every single one of =
those=20 to be reported (of course, the IRS is not known for being=20
reasonable).  In futures trading, you get a single statement = at the=20
end of the year that gives you your profit/loss for the year, and = even=20
if you made 200 trades, it is one line on a Schedule D.  I = was=20
wondering if daytrading enters some other realm of reporting and=20
report the way futures traders do, but maybe they really do have = to=20
report every last lousy trade at the end of the year.

On 29 = Mar 01,=20 at 6:03, rolatzi wrote:

> I use quicken to log my = finances. =20 Quicken uploads all of
> my trading from my brokerage account = and I help=20 it keep
> track of closed transactions.  At the end of the = year,=20 I
> have it do a capital gains analysis which I then load on = to
>=20 Turbotax.  My life has become much simpler with all of
> = these=20 aids.  Turbotax and Quicken are well worth the
> investment = if you=20 do any amount of trading. 
>
> Previously, I would = track my=20 trades on Excel.  Quicken and
> Turbotax are much = easier.
>=20
> rolatzi
> --- Dan <dcash@compuall.net> = wrote:
>=20 >
> >
> > Patrick Wahl wrote:
> > =
>=20 > > I was recently doing my taxes and was curious as to
> = >=20 what the day
> > > traders have to do regarding recording = their=20 trades.
> > They can't
> > > possibly list every = trade=20 on a  stack of Schedule D
> > forms.  = Anyone
> >=20 > know how that sort of trade activity is reported to the
> = >=20 IRS?
> >
> > My CPA required every trade recorded = on=20 Schedule D.  It
> > is a piece of
> > cake, if = done=20 timely. :-)
> >
> > >
> > >
> = >=20 > Along these lines, looking at all of my trades on the
> = >=20 Schedule D
> > > was a horrifying experience, so I pulled = up=20 charts of
> > most of the
> > > losers and = plotted my buy=20 and sell points.  This is an
> > instructive
> = > >=20 exercise to go through, I used to do it but got away
> > from = it.   When
> > > looking over all my trades this = way I=20 could see that I
> > was getting
> > > careless = with my=20 buy points, and many, not all, of the
> > losers were
> = >=20 > due to sloppy chart interpretation (some trades just
> > = don't=20 work out).
> > > The point is that tracking all of your = trades is=20 a good
> > habit to pick
> > > up, can be very=20 educational
> > >
> > > -
> > =
> >=20 --
> > Dan
> >
> > http://www.globex= plorer.com/cfviewer/start.cfm
>=20 >
> > http://www.corazon.org/
> = >=20
> >
> >
> > -
> >
> =
>=20
> __________________________________________________
> Do = You=20 Yahoo!?
> Get email at your own domain with Yahoo! Mail. =
> http://personal.ma= il.yahoo.com/?.refer=3Dtext
>=20
> -
>



-
- ------=_NextPart_000_0294_01C0B85B.74B7A120-- - - ------------------------------ Date: Thu, 29 Mar 2001 14:36:35 -0600 From: Gene Ricci Subject: Re: [CANSLIM] Tax question (slightly off topic) This is a multi-part message in MIME format. - ------=_NextPart_000_0302_01C0B85D.A81B3AC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable sorry, meant one line summary....... ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Thursday, March 29, 2001 2:20 PM Subject: Re: [CANSLIM] Tax question (slightly off topic) Patrick, there is a free spreadsheet that the IRS will accept as = backup to your online summary......... check it out at: http://www.tradersaccounting.com/ ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Thursday, March 29, 2001 1:06 PM Subject: Re: [CANSLIM] Tax question (slightly off topic) I am probably wrong on this, but what I am getting at is that day=20 traders might make, maybe, 1500-2000 trades in a year, if you=20 figure 240 or so trading days, and 5 to 10 trades a day. It doesn't = seem reasonable that the IRS would require every single one of=20 those to be reported (of course, the IRS is not known for being=20 reasonable). In futures trading, you get a single statement at the=20 end of the year that gives you your profit/loss for the year, and = even=20 if you made 200 trades, it is one line on a Schedule D. I was=20 wondering if daytrading enters some other realm of reporting and=20 report the way futures traders do, but maybe they really do have to=20 report every last lousy trade at the end of the year. On 29 Mar 01, at 6:03, rolatzi wrote: > I use quicken to log my finances. Quicken uploads all of > my trading from my brokerage account and I help it keep > track of closed transactions. At the end of the year, I > have it do a capital gains analysis which I then load on to > Turbotax. My life has become much simpler with all of > these aids. Turbotax and Quicken are well worth the > investment if you do any amount of trading. =20 >=20 > Previously, I would track my trades on Excel. Quicken and > Turbotax are much easier. >=20 > rolatzi > --- Dan wrote: > >=20 > >=20 > > Patrick Wahl wrote: > >=20 > > > I was recently doing my taxes and was curious as to > > what the day > > > traders have to do regarding recording their trades.=20 > > They can't > > > possibly list every trade on a stack of Schedule D > > forms. Anyone > > > know how that sort of trade activity is reported to the > > IRS? > >=20 > > My CPA required every trade recorded on Schedule D. It > > is a piece of > > cake, if done timely. :-) > >=20 > > > > > > > > > Along these lines, looking at all of my trades on the > > Schedule D > > > was a horrifying experience, so I pulled up charts of > > most of the > > > losers and plotted my buy and sell points. This is an > > instructive > > > exercise to go through, I used to do it but got away > > from it. When > > > looking over all my trades this way I could see that I > > was getting > > > careless with my buy points, and many, not all, of the > > losers were > > > due to sloppy chart interpretation (some trades just > > don't work out). > > > The point is that tracking all of your trades is a good > > habit to pick > > > up, can be very educational > > > > > > - > >=20 > > -- > > Dan > >=20 > > http://www.globexplorer.com/cfviewer/start.cfm > >=20 > > http://www.corazon.org/ > >=20 > >=20 > >=20 > > - > >=20 >=20 >=20 > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail.=20 > http://personal.mail.yahoo.com/?.refer=3Dtext >=20 > - >=20 - - ------=_NextPart_000_0302_01C0B85D.A81B3AC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
sorry, meant one line=20 summary.......
----- Original Message -----
From:=20 Gene = Ricci
Sent: Thursday, March 29, 2001 = 2:20=20 PM
Subject: Re: [CANSLIM] Tax = question=20 (slightly off topic)

Patrick, there is a free spreadsheet = that the=20 IRS will accept as backup to your online summary......... check it out = at:
 
http://www.tradersaccounting.c= om/
 
 
----- Original Message -----
From:=20 Patrick Wahl=20
Sent: Thursday, March 29, = 2001 1:06=20 PM
Subject: Re: [CANSLIM] Tax = question=20 (slightly off topic)

I am probably wrong on this, but what I am getting at = is that=20 day
traders might make, maybe, 1500-2000 trades in a year, if = you=20
figure 240 or so trading days, and 5 to 10 trades a day.  = It=20 doesn't
seem reasonable that the IRS would require every single = one of=20
those to be reported (of course, the IRS is not known for being=20
reasonable).  In futures trading, you get a single = statement at the=20
end of the year that gives you your profit/loss for the year, = and even=20
if you made 200 trades, it is one line on a Schedule D.  I = was=20
wondering if daytrading enters some other realm of reporting and =
report the way futures traders do, but maybe they really do have = to=20
report every last lousy trade at the end of the year.

On = 29 Mar=20 01, at 6:03, rolatzi wrote:

> I use quicken to log my=20 finances.  Quicken uploads all of
> my trading from my = brokerage=20 account and I help it keep
> track of closed = transactions.  At=20 the end of the year, I
> have it do a capital gains analysis = which I=20 then load on to
> Turbotax.  My life has become much = simpler with=20 all of
> these aids.  Turbotax and Quicken are well worth = the
> investment if you do any amount of trading.  =
>=20
> Previously, I would track my trades on Excel.  Quicken = and
> Turbotax are much easier.
>
> = rolatzi
> ---=20 Dan <dcash@compuall.net>=20 wrote:
> >
> >
> > Patrick Wahl = wrote:
>=20 >
> > > I was recently doing my taxes and was = curious as=20 to
> > what the day
> > > traders have to do = regarding=20 recording their trades.
> > They can't
> > > = possibly=20 list every trade on a  stack of Schedule D
> > = forms. =20 Anyone
> > > know how that sort of trade activity is = reported to=20 the
> > IRS?
> >
> > My CPA required = every trade=20 recorded on Schedule D.  It
> > is a piece of
> = >=20 cake, if done timely. :-)
> >
> > >
> = >=20 >
> > > Along these lines, looking at all of my = trades on=20 the
> > Schedule D
> > > was a horrifying = experience,=20 so I pulled up charts of
> > most of the
> > > = losers=20 and plotted my buy and sell points.  This is an
> >=20 instructive
> > > exercise to go through, I used to do = it but=20 got away
> > from it.   When
> > > = looking=20 over all my trades this way I could see that I
> > was=20 getting
> > > careless with my buy points, and many, not = all, of=20 the
> > losers were
> > > due to sloppy chart=20 interpretation (some trades just
> > don't work = out).
> >=20 > The point is that tracking all of your trades is a good
> = >=20 habit to pick
> > > up, can be very educational
> = >=20 >
> > > -
> >
> > --
> >=20 Dan
> >
> > http://www.globex= plorer.com/cfviewer/start.cfm
>=20 >
> > http://www.corazon.org/
> = >=20
> >
> >
> > -
> >
> =
>=20
> __________________________________________________
> = Do You=20 Yahoo!?
> Get email at your own domain with Yahoo! Mail. =
> http://personal.ma= il.yahoo.com/?.refer=3Dtext
>=20
> -
> =



-
- ------=_NextPart_000_0302_01C0B85D.A81B3AC0-- - - ------------------------------ End of canslim-digest V2 #1241 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.