1/4% Tax on all stock trades pushed in NY Times today

Koros said:
A question:

If I make a round trip of buy/sell, will I be taxed twice: when I buy, and when I sell, or only once per round trip ?
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what difference does it make either way? you will be out of business in a short period of time.
after 10k+ posts it has stopped to amaze me how few traders understand the math that proves that a so called minimal tax of even .002 will destroy the capital of an active trader in less than a year.
 
i'll change from a scalper to position day trader or move to a country where there is no tax.... (uk / i'm in europe) but surely it will hurt
 
instead of making like 50 scalp trades a day for 1-4 ticks, position day trader tries to capture most of current day trend: 1-3 trades per day, for more ticks
 
Koros said:
instead of making like 50 scalp trades a day for 1-4 ticks, position day trader tries to capture most of current day trend: 1-3 trades per day, for more ticks
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incredible. obviously you still don't understand the math. you will be wiped out by the ftt.
what country are u from?
 
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