That will kill trading as we know it.
Give the Democrats the White House & Congress & you can kiss your trading goodbye.
Buy 1,000 shares of AAPL at $100. 1/2% transaction tax = $500.
Sell 1,000 shares of AAPL at $101. 1/2% transaction tax = $505.
You just lost $5.
Is voting for Obama really worth your trading career?
Give the Democrats the White House & Congress & you can kiss your trading goodbye.
Buy 1,000 shares of AAPL at $100. 1/2% transaction tax = $500.
Sell 1,000 shares of AAPL at $101. 1/2% transaction tax = $505.
You just lost $5.
Is voting for Obama really worth your trading career?