Hi Tom Fortunately I am not worried about the taxes on trades as I am aiming entirely within tax exempt accounts IRA 401K so for the next 16 years I can trade when ever aim says buy or sell. So the only thing I have to worry about is the commisions involved with the trading. :)
Tom, nice example, thanks. FWIW - I believe that the S/T trader could argue that his gross profit would be large enough to overcome the tax difference. In other words your example assumes that the s/t & l/t trading result in the same gross profits.