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0 pointshajrice7y ago0 comments

To clarify: I still have to execute the orders to buy and sell, but the thinking for when to buy and what to buy is automated.

I just sell after the earnings or when I gain the desired amount (5-10% return)

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claydavisss7y ago

Aren't you at all interested in managing your capital gains exposure? Short term trades tend to play to the advantage of the broker (fees) and tax collector (short term cap gains tax)

hajriceOP7y ago

1) What capital gains tax? You can run it through a company, which is what I do.

2) Broker fees are $0 as I use Robinhood.

Like I said, I made a ~44% return. If a $7 trader fee is your argument for it not being viable then you are most likely not investing enough money, or not getting a decent return.

zrail7y ago

“Just run it through a company” isn’t the whole story. You also have to qualify as a trader and file an election to use the mark-to-market rules, and then you actually have to do mark-to-market accounting.

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