Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1941)	2/28/1999 12:14:00 PM
From: r. c. cummings	of 5810

Could someone help me in determining whether I can qualify as a trader or not. For about 3 months I set up a separate account for trading. I made more than 150 buy/sell trades. Then I got stupid and put most of the money in a stock that was going to the moon, but in reality barely got out of the blocks. I had to close that account and am no longer trading in it (I have other accounts but these are core positions w/fewer trades). For that brief period where I averaged several trades a day, can I consider myself a trader (though not a very good one, I'll admit)? Thanks

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