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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: FawnVu who wrote (37897)	1/2/1999 4:39:00 PM
From: Mr_Merck	Respond to of 119973

I agree... Fawn,As someone who has learned the hard way.I agree 100% with your philosophy to take the loss at 5%.

To: FawnVu who wrote (37897)	1/2/1999 6:58:00 PM
From: Mark[ox5]	Read Replies (4) \| Respond to of 119973

2 Questions: 1) How do you daytraders track your stock transactions for Schedule D? I have a boatload of transactions this year and I'm figuring out how to approach this huge task. Do you move it all to an Excel Spreadsheet or how do you do it? 2) Also, I read today that if you sell a stock and take a loss, but then rebuy it within 30 days (which I am sure traders do all the time) you cannot claim that specific previous loss on your income tax (that sucks) 30 day wash rule... So 2nd question is how do you segregrate those transactions where you have a loss but bought the stock back within 30 days... and eliminate them from your Schedule D because you cannot claim the loss? Just eye it? Thanks in advance... tax reporting is going to suck this year. Mark