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If you have a large account are there tax advantages in holding positions long? Is there bigger write off's for institutional size portfolios vs average daily trader? And if the market was sans long term risk managed capital, would it be liquid? Real questions!
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If you hold for more than a year you’re tax long term cap gains at maximum 20%. If you’re short term you’re taxed at regular tax rate unless you claim trader tax status then you can write off all losses and expenses but need to be a very active trader not investor to qualify
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Not wise on your end Brian, he’s been calling for a decline since Nov when everybody was calling for a Santa rally. He also did hedge (15%) his port for a bear rally.I think you both have different trading styles, you’re a trader and he’s more long term.Both of u r great follows
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