If you took profits on friday that is good, Cramer said sell sell sell on mad money so it will probably go down Monday. It dropped $3 on his word, as he was talking.
You should have filed your stock trades on a 4797, then take your expenses on Sch C. You also need to file a form that is Change in accounting method to declare yourself a daytrader. Traders are exempt from SE tax. Hope this helps. You would have to file the change in accounting method form in...
Whatever happened to parents telling their kids I don't want you drinking to much, taking to many drugs, and screwing wild women while you are at college.
If you have 20million to day trade why bother. If you do not have nothing else to do I take 200k and put it in a direct access broker or open up an account at an online casino.
How old is the machine you have now? Some upgrades may be all you need, such as additional ram and Windows XP. A video card to add additional monitors. Even if you get a new machine I like to have a machine for a backup.
If I were 25, I would start buying rental property, build up an income from it and then trade knowing you have money coming in. Takes a lot of the pressure off.