And it's half a percent.
https://www.elitetrader.com/et/threads/bernie-sanders-wants-to-tax-wall-st-to-pay-for-college-1-2-tax-on-all-trades.333633/
So yeah, a huge tax.
.005 is a lot. 100 shares of amazon is 189700. times .005 every buy and sell is around $948.50. A round trip is about 2k. It will kill daytrading.
Edit: Actually you been posting more than me so you might be more advanced. But yeah .005 is a lot
I think to me my trading account is just numbers on a screen. I do not have debt or kids so money doesn't bring me much happiness except the thrill it brings. The most frustrating thing I find with daytrading is that it is hard to grow and expand like a business unless you risk more and without...
Hi guys! I've increased my position by 50% so about 15k buy in now from before where I daytraded with 10k cost basis. Of course I have more than 25k on reserve to avoid the pdt restriction. Let's see how long this success lasts! Yeehawwwwww
Account value is around 400k but I risk only 10k per plays. Was wondering to increase it to 100k or so since I realized at this rate I will never be rich.
Just wondering if anyone was in my shoes before and it paid off for them to take bigger risks
I am up 130k for the year but not a millionaire yet. Trading feels boring to me. 1k a day feels like a grind. Would it be foolish to bet more to make 30k a day or so? There have been many times I have been kicking myself for not being greedy
How can you tell if a class action is a scam or not? Some of these websites do not look professional. It does not list any of the lawyers, just the name of the ticker like walterinvestmentclassaction.com or something like that
Says I still need to fill out a claim form. Not sure if I have to write out every transaction or could I just send in a copy of my brokerage statement for the ticker
How much should I back expect from a 5k loss? And will they accept my claim if they contacted me via mail even though I made hundreds of transactions and daytraded the ticker instead of investing in it?