Jim, learning that the internal revenue code may contain more favorable tax rules regarding investment activities, decides to characterize his management of personal investments as that of a trader. He investigates further to see how the tax court perceives what activities pertain to that of a trader. They include:

a. the frequency of tax payer security transactions

b. the tax payer's investment intent

c. the nature of the income to be derived from the investment activity

d. the regularity of trading activity