Replies to post #60082 on ETF SWING & DAY TRADING

[SilverSurfer]

tia,,, a full time trader can opt, from a tax standpoint, to be "Mark to Market" with the IRS, so that all trades are looked upon as income or loss and you don't have to comply with the strict "Wash Rules" ... If you don't declare as "Mark to Market" you have to avoid trades in a symbol you lost money on for 30 days or you can't count that loss against gains...