Replies to post #1663 on World Surveillance Group Inc (fka WSGI)

[fivecents]

Lowtrade (or anyone),

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

[trimsprims]

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