Replies to post #31841 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[SgtJBone]

I have enough write offs to cover my trades. I'm not overly concerned about my tax bill.

[griff100]

35%? No you don't. I've been doing this for about 18 years and you are taxed on short term gains at your ordinary tax rate until you reach some huge amount that I've never reached in a year.

Where do people get this stuff from?

Also, for this etn...it doesn't matter if you see a billion on the bid...or ask...it will not influence the pps movement one cent.

ONLY movement in the price of oil moves UWTI/DWTI...

[3kidsplus1]

Lol flipped 35x this week

[3kidsplus1]

I'm out again, don't like the weakness