70% of all Stock Market Trades are held for an average 11 SECONDS !!!!!!!!!!!!!!!!!!!
- Thread starter misterno
- Start date
Quote from riskaddict:
I just got done smokin a bowl and came up with the greatest frickin idea ever. Totally restructure the capital gains accounting....
If you hold for less than 1 hour tax = 75%
Hold for less than one day tax= 65%
Hold for less than 1 week tax = 55%
Hold for 1 month tax = 45%
If you hold for more than 6 months flat tax of 30%
SOme geeks at the IRS can fine tune it however they want but this would be political gold !! And great for the avg investor and even swing traders. Oh yeah this would not apply to futures markets
Well, you've just screwed the options market. Guess what the options market makers hedge with? Stocks. And they have to readjust their hedges every day.
Do cynics flock to forums or do forums make cynics?
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Very funny. Thanks.
Just remember this, every time this guy has a losing week, a computer algorithm had a positive week. Every time this guy has a losing month, the computers sitting in a Jersey Warehouse will have a positive gain. And every time this guy tries to close out of a tanking market, the algorithms will already have known that. The only question is whether mental illness is covered on this trader's health insurance.
You sit there watching a stock print on the offer for 10 minutes, they finally take it, the thing moves 10c stays there 5 minutes and all of a sudden all those that took the offers went away and it cracks 50c to the downside....
Definitely have to adapt - the last two weeks have been an hft paradise imo....
The 11 seconds thing and contributing to society?
If you're well positive - I guess you pay taxes, and quite a bit of them.
Who gives a fuck how you get your money as long as it's legal....
That old saying about losers whining......
Definitely have to adapt - the last two weeks have been an hft paradise imo....
The 11 seconds thing and contributing to society?
If you're well positive - I guess you pay taxes, and quite a bit of them.
Who gives a fuck how you get your money as long as it's legal....
That old saying about losers whining......