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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (261)1/19/1999 10:26:00 AM
From: RoadDog65  Respond to of 611
 
Along the lines of taxes....can anyone explain the system you use to keep track of this volume of trades? Does your broker do it, or do you keep track yourself? It would seem like the bookkeeping side of daytrading could get a bit hairy.

Roady



To: SpongeBrain who wrote (261)1/19/1999 12:37:00 PM
From: Dave O.  Respond to of 611
 
Your comments on wash sale are applicable to investors. If you are a trader electing mark to market you are exempt and all losses at any time are allowable. Barron's published an article on this back on 12/8/97 titled "Who's a Trader?"

Dave


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