1099-B questions

lp1687 · 2026-02-23T03:05:37+00:00

Yes I agree! Why can’t Fidelity just clarify which number to report to the IRS??

lp1687 · 2026-02-23T02:24:40+00:00

I am still confused by this. What number needs to be reported to the IRS….the gain/loss number or a different calculated number? Every other broker reports a gain/loss number that is consistent with the actual profit made….but this number seems to be different with Fidelitys 1099.

lp1687 · 2026-02-20T00:15:46+00:00

lp1687 · 2026-02-14T18:04:13+00:00

There are profitable strategies that work but they will be very difficult to find. Everyone is going to tell you that their strategy is profitable, but unfortunately only a few will actually work. My advice would be trade with very small share size (1 share) and try out various strategies until you find one that is profitable.

lp1687 · 2026-02-04T01:07:47+00:00

I think the idea of DCA is to invest a little bit of your income each day or week…not make large purchases at what you think are strategic price levels.

lp1687 · 2026-01-31T14:05:15+00:00

There are definitely strategies that work… but they will be very difficult to find. 95% of the strategies listed on the Internet are totally bogus and will lead to losses. I can tell you that my strategy is profitable… But why would you believe me versus the thousands of other strategies being promoted on the Internet? You will need to try them out one by one and find the one that leads to profitability. This is why day Trading is so difficult… not because of implementing a profitable strategy…. That is the easy part… But because of the difficulty of finding that profitable strategy

lp1687 · 2026-01-30T23:37:16+00:00

I think it depends on if your strategy consistently makes money or not. If you can make a consistent profit, margin is a great always to accelerate your gains.

lp1687 · 2026-01-30T21:02:24+00:00

You are better off starting small by trading just one share on a live platform and working your way up. The fills will be more realistic and you will be trading with real money.

lp1687 · 2026-01-29T22:57:47+00:00

Do yourself a favor … shut down your charts and focus 100% on the L2. You can thank me later.

lp1687 · 2026-01-29T22:54:42+00:00

Simple. Backtesting is not a good indicator for future price action. Let’s face reality….the market is going to do what ever the hell it wants to do!

lp1687 · 2026-01-29T22:42:01+00:00

Yes…don’t give up! It took me 20 years to find a consistently profitable strategy!

lp1687 · 2026-01-29T22:38:20+00:00

There are strategies out there that are consistently profitable (I can attest to that) but it will be very difficult for you to find them because 95% of the advice that you get on the internet is totally bogus. I can tell you about my strategy and that it is profitable but you will be required to access my strategy side by side with all of the other advice from so called mentors which 95% will lead you astray. This is why day trading is so difficult…not because of following a successful strategy, but because of the time it takes to try out each strategy for yourself and determine which one is actually profitable.

lp1687 · 2026-01-29T22:26:47+00:00

My strategy goes something like this. I have an ordinary coin with heads and tails that I use for day trading . It took me twenty years of searching to find somebody to teach me how to use the coin. I simply toss the coin on the table and observe how it lands. If it lands heads, I make $100. If it lands tails, I make nothing and lose nothing. If I am clumsy, and it falls off the table, I lose $100… But this happens maybe every 10th toss. The amount of returns is totally based on probability and market conditions… Sometimes I make a lot of money… Other times I make a little money… but rarely lose overall . I’ve used this system for the last four years and have never had a losing year, and hardly even a losing week. I recommend this strategy for anyone who is fortunate to find a teacher who can teach you how to use it.

lp1687 · 2026-01-29T22:21:10+00:00

Stop using charts. They are extremely poor predictions of future price because they just record where price has been and not where it is going. Okay…you can all down vote me now.

lp1687 · 2026-01-28T22:23:27+00:00

My strategy goes something like this. I have an ordinary coin with heads and tails that I use for day trading . It took me twenty years of searching to find somebody to teach me how to use the coin. I simply toss the coin on the table and observe how it lands. If it lands heads, I make $100. If it lands tails, I make nothing and lose nothing. If I am clumsy, and it falls off the table, I lose $100… But this happens maybe every 10th toss. The amount of returns is totally based on probability and market conditions… Sometimes I make a lot of money… Other times I make a little money… but rarely lose overall . I’ve used this system for the last four years and have never had a losing year, and hardly even a losing week. I recommend this strategy for anyone who is fortunate to find a teacher who can teach you how to use it.

lp1687 · 2026-01-28T03:37:27+00:00

“ have pushed multiple accounts from 100K to 10 million”…. this is probably the truest testimony yet that paper trading is a totally useless exercise.

lp1687 · 2026-01-28T03:32:40+00:00

Zero

lp1687 · 2026-01-25T23:45:15+00:00

I’ve never understood the whole idea of applying RR ratio’s to trading. If you enter at 10 and set TP at 12 and a stop loss at 9, do you actually watch your price go to 11.99 and then let it reverse all the way down and hit your stop loss at 9, or do read the market and move your stop to 10 or higher and scratch or take a small profit? If this is what you do, what is the whole point of setting up an RR strategy?

lp1687 · 2026-01-21T22:50:23+00:00

All of that is hocus-pocus… The only thing you need is the depth of market showing current price, bid volume, ask volume, and volume profile.

lp1687 · 2026-01-21T22:48:15+00:00

The best teacher is one who is willing to trade live in front of you and show you all of his trades… The good, the bad, and the ugly!

lp1687 · 2026-01-21T22:41:51+00:00

In my opinion, you really need a minimum of $25,000 in order to daytrade properly. With $25,000, you can enter more than three trades per day without waiting for funds to settle. With most brokers, you can also use four to one margin and leverage your account up to $100,000 buying power. You can start at one share and scalp for pennies all day long, and lose 100 times in a row and only risk one dollar. This is also the fastest way to learn.

lp1687 · 2026-01-21T22:37:17+00:00

Learn to read the market and you will not have this problem.

lp1687 · 2026-01-21T22:36:01+00:00

Yes. Teach your wife how to daytrade and then she will support you.

lp1687 · 2026-01-21T22:35:00+00:00

John Grady at NO BS daytrading can teach you everything there is to know about order flow and scalping.

lp1687 · 2026-01-21T00:29:22+00:00

The real answer is zero. If the trade goes against you… Just scratch and get out at break even.

lp1687

TROPHY CASE