Most small day-traders do over $10M/year in turnover. Trading 100 shares of AAPL for a dollar move in a daytrade uses up $120K.
This is not good. When I made my income, they taxed it as income and FICA. Then I invested my money and they taxed the profit. Now they will tax the transaction too.
At some point, I move out of the country so I can keep what I've earned. Stupid country.
Today's election results prove that the rich are villified now. The entitlement class can celebrate another 4 years of leaching off the productive people. MF4
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