I'll start with my first tip. Day trading is for suckers, you are playing against some of the best and fastest algorithms made by some of the top financial engineers out there. It's not rigged, you will win some, but overall you will lose in the long run I don't care how fast you are or your computer is, you will never be fast enough to sustain that in the long term. Let me know what you guys think and I'll spend some time on this.
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Got any advice for paying as little taxes as possible on capital gains? Is it possible to trade stocks under an LLC or something?
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I would consult an accountant. Most of my portfolio and I try to buy stocks that I will hold over a year, the taxes are about 1/2 doing it that way. Anything under a year is considered regular income. I got used to paying regular income because of options. I finally accepted a win is a win, a loss is a loss the Government is the real house and they always win.
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