Trading 101

[MikeDDKing]

My tax minimization strategy...

One of the techniques that I use is to purchase each stock both in my regular account and in my IRA. Those stocks that are sold at a gain are generally sold first in my IRA to maximize the chance that I can make my taxable investments long term. Also, if I decide to sell something at a loss but I don't want to sell the whole position, I sell it in my taxed account if the holding period is less than a year. This way the loss offsets my short term gains which are taxed at a higher rate than my long term gains.

Mike