Tax Advantages of being a licensed investor

[Steven Norris]

In Show 28, the guest speaker Dave Van Horn talked about how since he is a licensed investor he is able to take unlimited amounts of deductions to help with his taxes, so I was wondering if someone could go a bit deeper on what he means by that?

I understand they talked about how much you can deduct from losses per unit, other write offs and expenses you can take, but what did he mean when he said on the show that because I am licensed, it opens it up for me to take as much as I want in losses/deductions?