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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lucky who wrote (45)12/8/1997 11:22:00 AM
From: PitBull  Read Replies (1) | Respond to of 1100
 
as a new full-time day trader for the upcoming year I would like to know where i can find information on taxes...how day traders file taxes as full time investors...what is deductable, how much etc etc
i remember reading several months back on a newsgroup the definitions/laws/limits of losses etc which were different than those for people who do NOT do it as a profession
those who do it as their mainstay have different tax rules etc
thanks for posting where I can read about this



To: Lucky who wrote (45)12/8/1997 2:16:00 PM
From: ratan lal  Read Replies (1) | Respond to of 1100
 
Lucky

Why do you think ALTN is going to be down 10% by weekend. They are up 5/16 today and have positive news re: pacts with Genentech.

Also do you buy/short stocks thathave large movemements on any givven day. ex. Anchor gaming has been down on consecutive days and Merck has been up on consecutive days.

ratan


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