The point being is that if you profit in long term you'll keep more in your pocket if you hold at least a year.
A swing trader might book more upside profits by buying and selling repeatedly with S/T trades but will likely give a bigger piece of it back to the IRS.
I'm patient and expect to hold L/T. I might pay back my initial costs S/T but right now I'm looking for more buy opportunities.
I think VLCO is a rare gift but I'm often wrong. We'll see.
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