And his $6+ fee is the lowest in the market I am sure.
You are consistently wrong in this thread.
The lowest online trades now are $3.95.
Again I do not think the impact is meaningful at all
This is just targetting the frequent day trading (for the most part) and it is little more than an increased brokerage fee that:
They are. Win big at a casino and watch them withhold before paying you out and make you fill out the tax form.
And being an accountant you should know net casino winnings are taxable.
quote:IDGAF if all of China thinks it, that doesn't make it true.
PLENTY view day trading as a form of gambling.
quote:You are confusing the word "risk" with "gambling." Any investment trade involves risk, but that does not make it gambling.
I would say the majority of people that are familiar with it and practice it view it as a form of gambling.
quote:Nothing could be further from the truth. I'm really beginning to question your intelligence level.
You know what I am saying is correct anyway.
So if my father has 5 mil. in the market and moves it around over the next couple years, you think it would be ok to take $1,500, because, "hey, who needs 1500 when you have 5 million?"
and give it to takers.
Completely irrelevant to the point that this is just another attempt by the government to punish producers and give it to takers.
So to make sure we understand your argument..... short time trading is like gambling, thus it should be subjected to a tax.... that no other form of gambling is, because after all it is gambling?
Can't you say that about the financial industry though? Bunch of skimmers
Who frankly often do not put their clients first.
quote:It's far from a fait accompli.
If a tax is going to go up or be created
quote:Because no one EVER passes a tax along to their customers....
Main impact will simply be a less profitable trading account to the institutional investors.
Nothing could be further from the truth. I'm really beginning to question your intelligence level.
Why do you capitalize 'gov' when you post it? It's not a proper noun. Is it just a subliminal message that you think government is all important?
quote:Sounds like he's a washed up day-trader. He probably was gambling. Which probably why all of his trading was in the past...
I thought you said you knew about short term trading???