Which democratic candidate is least likely to succeed in passing a stock transaction tax?

[stochastix]

It is meaningless for the typical retail trader

Im not a typical retail trader

 

[zdreg]

Im not a typical retail trader

"by large i mean, 0.5% or so, not a penny or something like that, even though that would still be a lot"

If you make a statement like this you are a typical retail trader. .5% is smaller than a penny.

 

[stochastix]

"by large i mean, 0.5% or so, not a penny or something like that, even though that would still be a lot"

If you make a statement like this you are a typical retail trader. .5% is smaller than a penny.

Wtf are you smoking ? .5% of 10,000 is $50

 

[stochastix]

If I go from paying 30 cents a round trip to 50 bucks I'm fucked , i dont see your logic

 

[zdreg]

If I go from paying 30 cents a round trip to 50 bucks I'm fucked , i dont see your logic

I misinterpreted your comment.

 

[zdreg]

RE: my previous post - ftt and disappearing day traders
https://www.elitetrader.com/et/thre...tion-tax-and-disappearing-day-traders.340600/
zdreg
k account ftt of 1/10 of 1 percent or.001. 4to1 intraday margin 4 to1
turnover 400k/day
tax cost $400/day annual cost 100k

At year end breakeven trader has lost all his capital.

Last edited: Feb 19, 2020

 

[zdreg]

The title of this thread implies that a small percentage FTT is acceptable to day traders, As my example above shows large or small percentage FTT will bankrupt day traders.

 

[stochastix]

Gotcha.. yes it would.. suggest a better title

 

[zdreg]

Gotcha.. yes it would.. suggest a better title

Eliminate the word large.

 

[bone]

by large i mean, 0.5% or so, not a penny or something like that, even though that would still be a lot

Is this a trick question ?

Expect your New York City Democrats and Chicago Democrats to have their carve-outs. Which would mean that the banks and private equity firms are exempted.

You watch.