If there are any individual traders on this site that have filed for IRS trader status, would you provide your opinion of this method of tax filing and how it has affected your trading?
How worthwhile is the filing of investment expenses since the majority of a trader’s expenses is in commissions and that is figured in cost basis of the securities? Does having trader status tend to make you more of a short term holder with a tendency to overtrade and making wash sales useful? How does MTM…