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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (319)	5/24/1998 8:52:00 PM
From: Street Walker	Respond to of 1383

Ask the IRS...that's who you have to prove it to if you get audited. I'm just repeating what CPA's and Ted Tesser have informed me. S.W.

To: j g cordes who wrote (319)	5/24/1998 11:57:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

It's OKAY to hold over-night, actually "they say" you can even have long-term trading gains. - .without acknowledging the fact that a long-term trading gain is, by its very nature, totally inconsistent with the basic principle of TRADING -- that being - playing the MARKET FLUCTUATIONS in quoted securities prices. Being FLAT at the end of the day is a strategy used currently by Day Traders. It is not absolutely necessary, it's just the current way Day Traders play the game. Colin