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Re: bri123 post# 77312

Friday, 11/05/2021 3:54:18 PM

Friday, November 05, 2021 3:54:18 PM

Post# of 84336
Not really I do like to recover my principle quickly and build a free position. Buying and selling under a year is the same 30% tax from less than 1 min to 364 days.

Covering your principle is always a good decision. I trade stocks that have potential for an upside beyond a few points. I do capture as much profit as possible and build a risk free position to hold longer term waiting for the pop.

So yeah if you don't hold for a year your a flipper. 10% Long term cap 30% under 365 days. So by my most common tax bracket I'm a flipper paying 30% short term cap gains.