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If Hilary Clinton or Jeb Bush get into office there's no chance of an FTT for their term as well. Hilary is very friendly with wall street and so is the Bush family. They're probably the top candidates and the republicans have control of the house barring any unforeseen craziness until around...

So I take it even with an FTT you can still make money holding for a month, which is what I would consider swing trading. Like 2 weeks to 3 months or so.

Does your firm swing trade? Or hold for years/long term?

So I take it then that an FTT has little to no chance of showing up in the next decade in the US of A according to this forum? Also by 2.5 to 1 I mean an average gain of 2.5% per trade, and a average loss of 1% per trade, with a 55% chance of a winning trade.

Alright how about in the next 8-10 years? Also could you explain how a daytrader with a 2.5:1 Profit loss ratio and positive win rate would lose money with a 0.02 ftt?

Hey, not sure if you had seen my reply. What's your opinion on the possibility of an FTT ever coming to the USA or UK/London? Also could you elaborate on how a daytrader with a 2.5:1 Profit loss ratio and positive win rate would lose money with a 0.02 ftt?

My bad bro, what's your opinion on the possibility of an FTT ever coming to the USA? Also could you elaborate on how a daytrader with a 2.5:1 Profit loss ratio and positive win rate would lose money with a 0.02 ftt?

Yes this is why I suggest everyone who takes daytrading seriously(actually does this for a living) ALSO learn how to be a profitable swing trader, if you can swing trade profitably with a large enough win/loss ratio(55% or so) with a solid profit per trade you're fine even with an ftt, even if...

Awesome this makes me more comfortable. I'm still going to work on swing trading anyway though just in case. Figure if you could swing trade with a 55% win rate at say about a 3:1 profit to loss, with large enough size you would have no issue with an ftt, and this is possible.

On second thought, if you had a high enough profit/loss and win rate, you could totally still day trade even with an ftt. Also the volatility per trade would increase, meaning you could potential make more money per single trade, the market would adjust and people would be looking to make more...

Welp, everyone better learn how to swing trade as well hahah

That would take such a big bite out of the GDP and the tax money we already collect, that I believe this tax will have the reverse effect. I won't make 300 billion in 10 years. It will lose trillions. I agree about the swing trading, one of the reasons why I look to learn as much as I can...

I meant to say 85-90% of traders are net losers by the end of the year.

Is it even possible to daytrade with the kind of FTT the robin hood tax nutjobs are proposing? Is this 0.5% round trip or 1%(lmfao) roundtrip? If it is 1% it will literally(not fear mongering) tank the entire USA economy(see Sweden) and will undoubtedly be reversed the next month. Now if it's...

Does this tax make it impossible to be a profitable at home trader? Either swing trading or day trading? Like if the volume goes down, and the spread increase, as such the volatility would also increase so that would mean more potential profit, no?