Newbie question..........What are the tax ramifications of daytrading?...if you buy 1k of 'xyz' and sell @ 10% profit......repeat...........repeat....etc..... at what point do you need to worry about taxes.
like I said, probably a pretty dumb question!
5cents
ps.
If you sell and rebuy on the same day, so you have to report any profit/loss? tia
Lowtrade...well I printed that post out..it was one for my new "Lowtrade" manual on trading. LOL... I was wondering, if I could just follow you around for a few weeks....(just kidding) I will have fun following your posts.
I do have a membership at freerealtime.com. I'll check it out. You answered all my questions...I just need to digest it all.
I can read the charts pretty well, I've been studying it a few years now, I just need a trading plan like that. Thanks a mil Trims