A 70k bet that I can't make a 50% gain in 2009

<img src="http://puddles.humanfund.ca/20101015/spy.png">

<img src="http://puddles.humanfund.ca/20101015/wynn.png">

<img src="http://puddles.humanfund.ca/20101015/gild.png">

<img src="http://puddles.humanfund.ca/20101015/mon.png">

9:38

SHORT WYNN 100.7
STOP 101.01
TGT 100.08

- WYNN gap and crap, goes red long before SPY does
- SPY looking weak too, short the lower high
- looking at the daily i should have passed on this
- out -0.33

10:10

LONG GILD 37.41
STOP 37.28
TGT 37.67

- GILD gap up and strong
- long the lower high
- out +0.26 (after over 4 hours)

15:16

LONG MON 55.64
STOP 55.53
TGT 55.86

- SPY choppy and flat all afternoon
- MON showing real strength from 2pm onward
- out +0.22

http://puddles.humanfund.ca/wp/2010/10/15/2010-10-15-trades/

14-14 week.. taking my month up to 20-32..
 
From your profit/loss, won't the WASH SALE RULE eat up all your profits?

Say you make $60,000, loss $28,000,

that would be a gain of $32,000 for that year

but your tax will be based on 35% of $60,000

which would be $21,000

So you end up making only $11,000 for that year

Did you elect for a MARK TO MARKET ELECTION to the IRS?

(Does the IRS accept our request for the Mark to market easily??)

In that way your tax will be based on what ever you make

That is 35% of $32,000 = $11,200

Which you will make $20,800
 
Quote from puddles:

9:36

SHORT RIMM 48.32
STOP 48.44
TGT 48.08
More...

out +0.24

fat fingered out the IBM trade making 5 bucks.. i'll count it was a winner/loser based on the out come though
 
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