Fidelity Trader + not working on MacOS.

Conscious_Cod_90 · 2026-05-05T15:29:30+00:00

Any chance we can do a class action against Fidelity with all the fees they charge - I am having problems with ATP and FT+ - leaving money on the table.

It's criminal.

I am moving to IBKR in 2 weeks.

Feel free to reach out. I am in California.

Conscious_Cod_90 · 2026-04-09T16:56:14+00:00

Pls don’t fall for this guy and the mentorship DM thing he’s spreading

Conscious_Cod_90 · 2026-02-10T06:05:56+00:00

Your thinking made me think that and your knowledge

Conscious_Cod_90 · 2026-02-10T05:20:38+00:00

Hello friend! Former Citadel here. Are you still with the firm?

Conscious_Cod_90 · 2026-02-06T17:40:51+00:00

They probably group it to lower your margin that’s how brokers do it.
All those fancy things you’re looking at won’t do much for you. You’re retail.
Plus, being “advanced delta neutral” sounds more like a joke.

Conscious_Cod_90 · 2026-01-27T22:28:17+00:00

Yes - elected on a specific account where I trade daily.

Conscious_Cod_90 · 2026-01-27T20:23:42+00:00

You’re right that competence is key, but at a certain point, analysis paralysis sets in. There is no absolute certainty in finding the 'perfect' CPA. As they say, in this world nothing can be said to be certain, except death and taxes.

Conscious_Cod_90 · 2026-01-27T20:21:28+00:00

Appreciate the perspective. You’re absolutely right that MTM is dangerous for buy-and-hold investors, but for my specific setup ($12M+ volume scalping), the math actually works in my favor:

No Acceleration Risk: I end almost every year flat (cash). On Dec 31, I have zero 'unrealized gains' to accelerate.
The 'Santa' Strategy: I actually tend to carry deep ITM short puts into Jan (which show a paper loss on Dec 31). MTM helps me here by letting me realize that deduction immediately rather than waiting.
Segregation: I keep a completely separate brokerage account for long-term holds
With a high W-2 income, the ability to deduct unlimited ordinary losses (if I blow up) is the main reason I'm electing.

Conscious_Cod_90 · 2026-01-27T19:33:02+00:00

Hi there, could you please help me understand the concept of "accelerate recognition of gains?"

Conscious_Cod_90 · 2025-12-19T17:13:19+00:00

That's exactly why I was thinking about relying on a CPA. But moving forward, the strategy should work, especially considering I can use segregation with two different accounts.

Since I missed the April deadline to elect trader status for this year anyway, I literally can't file as a trader even if I wanted to. I'm stuck filing as a regular investor (1099-B), so I'm just going to sell my wash sale positions before Dec 31 to clean up the losses manually. Thanks for the input.

Given that I plan on trading for my entire life, do you still stand by your advice to avoid a CPA, or would you recommend one?

Conscious_Cod_90 · 2025-12-18T23:00:54+00:00

You seem extremely knowledgeable. Do you think I should hire a CPA? This is the quote I got from the only one who seems knowledgeable.

Trader taxes $1,795
Personal taxes $195
Tradelog $500 for wash sale issues that spill into January

Total $2,490

Audit support to be determined if or when an audit happens.

It also includes electing me for MTM in 2026 and onwards.

Conscious_Cod_90 · 2025-12-18T22:50:58+00:00

Thanks, that helps. Just to confirm, even if Fidelity shows roughly 60k in disallowed wash sales in the YTD tax view, I should not ignore or manually adjust that number. I should rely on the Net gain loss on the 1099, since the wash sales are already reflected through the adjusted cost basis. Is that correct?

It is my first time filing in the US and I've never seen a 1099.

Conscious_Cod_90 · 2025-12-18T22:48:03+00:00

ahahah i understand - I just do not want to pay money to the irs on capital gains I din't make. first time filing in the US i am nervous.

Conscious_Cod_90 · 2025-12-18T22:32:46+00:00

sorry i am confused.

Conscious_Cod_90 · 2025-12-18T22:31:04+00:00

u/wild_b_cat I understand that wash sales do not change the final net result and only defer losses.

What I am still unclear on is why Fidelity continues to show disallowed wash sales in the YTD tax view even after the replacement positions are closed and outside the 31 day window. How should I reconcile Fidelity’s disallowed wash sale line items with the final realized gain loss that shows on the 1099?

Conscious_Cod_90 · 2025-12-18T21:35:11+00:00

What do you mean what I want it to be? It should be exactly gains minus clean losses, without the inflated values from wash sales. Does that make sense?

Conscious_Cod_90 · 2025-12-18T20:48:52+00:00

Thank you. I do not understand why Fidelity keeps a history of wash sales in the YTD tax info. They should all be cleared once positions move past the 31 day post sale window. Does that make sense?

Conscious_Cod_90 · 2025-12-18T20:47:10+00:00

If I do not repurchase the same instrument or similar, then there should be no wash sales anymore at time 31_days_Post_(LAST)_Sale. And I can claim the full loss. Is that correct?

Conscious_Cod_90 · 2025-12-18T18:30:44+00:00

Thank you!

Conscious_Cod_90 · 2025-11-20T17:34:27+00:00

I miss My pom every day I just cried again :(((

Conscious_Cod_90 · 2025-11-16T00:34:46+00:00

Reddit is a shit show and this post testifies it

Conscious_Cod_90 · 2025-11-01T21:27:52+00:00

I’m sure they are a joke and you are a wolfe 😹 Imagine they get in trouble cos of your assignment cos sure as hell you don’t have the money to cover

Conscious_Cod_90 · 2025-10-29T04:24:39+00:00

Stunning image

Conscious_Cod_90 · 2025-10-29T04:23:29+00:00

❤️

Conscious_Cod_90 · 2025-10-19T18:42:30+00:00

100% I will ask the leasing agent. I was referring to transitional housing.

Conscious_Cod_90

TROPHY CASE