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Yeah I never filed one before but since I daytrade a lot of stocks, I get these notices constantly. I never bothered to sue on my own but I'm just wondering whether the payout is worth anything

I daytrade in and out of the same stocks many times a day. Would it be worth it for me to join a class action that I received in the mail with a law group if I have 100s of transactions during the settlement period? I lost around 5k so not sure if it is worth my time for this one. Are lawsuits...

Thanks everyone! I barely spend any money on data. I just use Tos and that's it. My main cost is commissions but I'm getting about $3 a trade.

I made 10k in 2017. My liability was like 1k. In 2018 I made a lot more and paid 4k in tax through my employer for work. However, my tax liability this year will probably be around 30k. From January-Sept I broke even with no profit. All my profit came from Sept- Dec, not sure if this makes a...

Is it worth it to file for TTS status in general? I heard once you select it, it is hard to go back. Is the main benefit taking more than a 3k loss deduction? Not sure how much you can deduct for business expenses since I do not spend that much money on software or education. The last 4 years...

Would you daytrade in USA? Capital gains tax is a lot. I'm super stressed out daily but have been profitable

Man daytrading as a career can suck then since there's no predictability...

Nope

I thought 6k losses were small haha. I'm trading nasdaq penny stocks with 150k buy in so that's like 4%. I guess the dream of being a millionaire is compelling to me so I put a lot for the buy in. It's kind of scary though. Last year I was down a lot and the last 2 months bailed me out

Thanks. Not sure if I have what it takes then. I had one day this year I made 90k, then bled 6k daily for the next 20 days not sure when my next winning day would be... it hurts

So in a given week, you might lose money 3 of the 5 days if you do Nasdaq?

To the point the one huge win in that day covers the 10 small losses on the 10 other days? It's frustrating not knowing when income is coming in. Is it possible to make it more consistent without scalping: 70% winning days in the calendar year? Mine feels like 30% winning days yet I'm still up...

after commissions he cant even buy a full sandwich lol

I I am OP lol. These arent my gains. It's another poster

How did the taxes turn out

By the way, I wiped out most of my account last week. I am officially staying away from penny stocks now.

By the way, I wiped out most of my account last week. I am officially staying away from penny stocks now.

Would Would like to add when I say $50k quantities, this equates to about 50k shares or so since I buy penny stocks. you get paid per share right? So do you think it would be worthwhile to file then? Would like to weigh if it is worth it since I trade the same security 10 times at least during...

Will not qualify because I trade instead of invest?

How much money should I expect back? I trade in $50k quantities usually