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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (22094)	11/21/2001 4:32:10 PM
From: Doo	Read Replies (1) of 209892

Well, bcrafty says it's only an accounting rule with no consequences. I've never understood it to be that simple. I always thought it resulted in a prohibition in the utilization of all losses against gains in trades that fall within the rule which could/would be an extraordinary problem if you day traded a stock multiple times during the day with no 31 day consecutive break during a calendar year. If you are concerned about it, best talk to an accountant, of course.

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