Day Trading Success-The Key is Survival

Written by Mike Reed

A lot of traders, especially new traders, are looking for a list of simple trading rules to follow. "Rules-based trading" is better than an undisciplined approach, that's for sure. But simple mechanical rules have not worked for me. Like every successful discretionary trader, I've learned to recognize a group of high-probability situations (or setups) that putrepparttar odds on my side. In a way, these setups are "rules", but they are essential.

Most new traders tend to focus just about all their time and energy on finding nearly perfect "setups", but trade setups, even very good ones, are *not*repparttar 148260 key to successful trading. It'srepparttar 148261 *way* you trade your setups that keeps your losses smaller than your gains. And this isrepparttar 148262 single most essential key to trading success. To me,repparttar 148263 process of limiting losses is more than just money is survival.

I can't give you a list of mechanical survival rules that will takerepparttar 148264 place of experience and make you a successful trader overnight, but if you stick torepparttar 148265 following principles in your trading, you'll be on track. You'll be doing just aboutrepparttar 148266 opposite ofrepparttar 148267 crowd, and you'll eventually learn to limit your losses. Limiting your losses isrepparttar 148268 only way I know to make money in this business.

Taxability of Social Security Benefits

Written by Richard A. Chapo

The IRS determines whether your Social Security benefits are taxable by looking at your total income and marital status. Form SSA-1099, which Social Security recipients should receive by January 31, shows your total benefits, but determining your taxable benefits requires putting pencil to paper.

Generally, if Social Security benefits are your only income, your benefits are not taxable and you probably do not need to file a federal income tax return. If you received Social Security benefits plus other income,repparttar answer to how much, if any, is taxable can be found inrepparttar 148238 worksheet inrepparttar 148239 Form 1040 or 1040A instruction book.

For a quick computation, add one-half of your Social Security benefits to all your other income, including tax-exempt interest. If this amount is greater thanrepparttar 148240 base amount for your filing status, a part of your benefits will be taxable.

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