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I have been doing short term trading in the past 6 months using 50K. I buy shares of a company before earnings and sell them immediately after earnings if the stock price goes up. If it goes down, i wait for few weeks and then sell if there is not much loss. In the past 6 months, my success rate has been good given it is a bull market. Is there any disadvantage in doing this kind of short term trading ? I totally know short term capital gain tax is more than long term but taking taxes apart, is this strategy good. ? Any inputs, advise appreciated.
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How much is your $50K worth today?
Typically market timing doesn't work for most.Brian -
are there any fees for buying/selling?
if you do that frequently, then those fees (as well as taxes) take away from your investment returns...Comment
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It’s not a wash sale issue if you just buy once and sell once. It’s only a problem if you then buy again within 30 days.Originally posted by LivingAlmostLarge View PostSteve
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* There are no shortcuts to anywhere worth going.Comment
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but because it's international there is also the variance of currency which will affect returns right?Comment
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OP didn't mention international, but yes currency fluctuations will effect returns. with int'l holdings.Originally posted by LivingAlmostLarge View PostThe easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- DemosthenesComment
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Have you through about using options to trade during earnings. Much less capital at risk with options.Originally posted by aim-high View PostComment
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Not a bad idea but just have to be aware of elevated premiums associated with options around earnings.Originally posted by MACreditRevo View PostThe easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- DemosthenesComment
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