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Ok, thanks. From what I have been able to gather snooping around the net I should be Ok as long as I don't buy and sell the stock in question in December or January, effectively leaving 61 days in between the last buy and sell. If my understanding is correct, one can move in and out of a...

thank you for your reply. I think you mean to say in my example I would only pay tax on the net of 15K from the fidelity #'s. So far in this month it shows my net gain as a little over 15K and thats it. The other #'s are from their tax page and I don't fully understand them. the 100K was...

lets say I have made 50+ round trips in a month of the same two stocks. I trade lots of 1000 shares and each trade is about 100K. I have been scalping and am so far in the green about 15K. Looking at daytrading for dummies today in the chapter on taxes it said "in the extreme case if you move in...

thanks, just picked up that and Mark Douglas Zen trading book. Looking forward to some good insight!

Hi all, I jumped into the world of daytrading about a month ago. My goal was really no more than to play the volatility of the markets and then when they settle down back to a form of value investing. si I opened up a fidelity account and off I went. I was quickly labeled a pattern day...