ES Journal Archive (2009 - 2010)

[Eko_Trader]

Quote from rock34748:

1108 is solid support launch area for holiday fluff stuff. 1111.25 to 1113 is weaker support area after into holiday fluff stuff, incl low volume, for three days. I see a revisit to these areas during "real" trading. I'm a noob, so ignore as needed, but it's what I see.

I see this scenario happening too. But in order for it to play out, I would expect to see some kind of resistance develop to initiate it.

 

[Eko_Trader]

This market is an exact replica of the last couple of days. It's unbelievable.

 

[ammo]

if you are long a stock from 50,its now at 100,u sell and pay 30% capital gains ,its the same as selling at 85,so why not wait til wed/thur....

 

[Trvlwanderer]

You only pay %30 if you are in the %30 bracket. Likely %28 or less for most on these boards.

Also, the holding time of 1 year is the key, not by end of year. If selling over a year, you pay 15% long term cap. It has NOTHING to do whether you sell prior to calendar year end.

 

[ammo]

so if i bought in may and sell now,i dont pay the 28%,or if i sell or clear after jan1, my taxes are'nt defered til 2011

 

[Trvlwanderer]

Quote from ammo:

so if i bought in may and sell now,i dont pay the 28%,or if i sell or clear after jan1, my taxes are'nt defered til 2011

Not sure I understand ammo. You must hold the stock for one full year to get the long term capital gain rate of 15% (until Obama and congress can get rid of this).

If you do not hold for a full year, you pay your current tax rate on the capital gain. The requirement to pay those taxes is for the year you sell, so if you sell on 1 Jan 2010 and have held for LESS than a full year, you would pay taxes on the gain at the full rate for 2010 tax year.

Hope that makes sense.

Oh yeah, I'm talking stock only.

 

[Trvlwanderer]

previous close, high, and VAH from 1121.75 to 1122.50 serving as a strong band.

 

[ammo]

i havnt trraded stock for over a decade, so i'm asking ,not disagreeing,you are saying that if i sold on jan1 2010, i would have to include it in my 09 tax statement?

 

[Trvlwanderer]

Quote from ammo:

i havnt trraded stock for over a decade, so i'm asking ,not disagreeing,you are saying that if i sold on jan1 2010, i would have to include it in my 09 tax statement?

No, you would report on your 2010 tax filing and it would be treated as a short term capital gain taxed at your current rate.

Rubbing my temples just thinking about taxes. :eek:

 

[rock34748]

Quote from Trvlwanderer:

You only pay %30 if you are in the %30 bracket. Likely %28 or less for most on these boards.

Also, the holding time of 1 year is the key, not by end of year. If selling over a year, you pay 15% long term cap. It has NOTHING to do whether you sell prior to calendar year end.

Uncertainty of 1st qtr may encourage some to sell double and triple baggers early and take the tax hit even if holding only 6 to 9 months, no?? I trade IRA so market tax issues are ??? to me.