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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: Tim Luke who wrote (96)	12/11/1997 8:02:00 AM
From: LPasko	Respond to of 1100

Are day traders subject to that IRS rule that you can't deduct a loss on a stock if you re-buy the same stock within 30 days?

To: Tim Luke who wrote (96)	12/11/1997 4:02:00 PM
From: freeus	Read Replies (3) \| Respond to of 1100

What a wonderful post: Dear Tim, I did my first day trade today. Remember I work full time so I can only check the computer before I leave in the morning and at 10:15, and between 12:15 and the end of the trading day. I made $3.65. I know that sounds stupid but it was my first one and I am proud of myself. I bought 100 shares (all I could afford) of coms at 35 and sold it at 35 7/16. I used a limit order to buy and a market order to sell because it was almost closing and I didnt want to have coms overnight. AFter Datek's wonderful $10 each trade fee I came out with $3. 65. Its a beginning, dont you think? Thanks for excellent posts, I appreciate them. When I am rich, I will thank you publicly! (VBG) Freeus I also bought Dell at 88 and looked at it at 91 1/2 but couldnt part with it. Later it was back toa 88 9/16 and I just kept it.. That was a mistake because under the daytrade system I should have sold at the 91 1/2 and not falled in "love" with the stock. That was 100 shares too. So I did something right and something wrong on the same first day trading day. But I dont mind having Dell overnight. Any comments, I would appreciate. Learning learning learning.