06-06-2020, 08:55 AM
How does one handle taxes with day trading? I'm presuming that what you are doing and talking about is called day trading... where you are focusing on fast profits from buying and selling in the short term. Taxes is one of the things I'm not sure I understand about trading just yet and haven't had a chance to read about it. It would seem incredibly easy to make money consistently by putting your money into, say, 10-20 good stocks, setting a sell order that only executes if and when it's up X%, and just leaving it alone until it sells. Then you go find some other stock, and do it again. Seems foolproof, as long as you're patient. But I don't want to get into tax hell.
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The scientist has a question to find an answer for. The pseudo-scientist has an answer to find a question for. ~ "Failure is the path of least persistence." - Chinese Fortune Cookie ~ Logic left. Emotion right. But thinking, straight ahead. ~ Sperate supra omnia in valorem. (The value of trust is above all else.) ~ Meowsomeness!
The scientist has a question to find an answer for. The pseudo-scientist has an answer to find a question for. ~ "Failure is the path of least persistence." - Chinese Fortune Cookie ~ Logic left. Emotion right. But thinking, straight ahead. ~ Sperate supra omnia in valorem. (The value of trust is above all else.) ~ Meowsomeness!
