Pause Trading in December to clear wash sale?

[R1234]

Not sure cause it mentions capital loss, and profit/loss from day-trading is not considered as such (at least in Canada!).
But maybe it's different in the US.

are you sure about that? I don't live in Canada but I remember hearing something like 'superficial' losses

 

[ppy93]

Yup.

IMO, the period between Thanksgiving and New Years is the perfect pause. Again, IMO.

--- It leaves no questionable counting of 31 days.
--- It contains several days off or shortened days that may not be suitable for trading anyway.
--- It is a good time to increase knowledge of trading in general and other instruments like futures, forex, crypto, etc, etc
--- Your family will appreciate you spending more time with the things in life that are really important!!!

Thank you for your advice. I really appreciate it!
I will pause trading from Dec 1 to Jan 1 to clear the wash-sale losses of 2022.

 

[rb7]

are you sure about that? I don't live in Canada but I remember hearing something like 'superficial' losses

In Canada, when you day-trade and/or actively trade, your gain/loss is not considered as a capital gain/loss.
It's considered as a regular income.
Taxes are different.
Capital gain is only 50% taxable (up to a max).