I use to just do occasional day trades and mostly swing trades, but I have been getting into day trading lately and find it really is a 15 hour a day job but the returns are incredible. Giving thought to making this more of my primary income and would like some thoughts from those who make their living that way. As of now all my trades are in Roth accounts, which gains are tax free but can't be touched until I am 59 1/2.
If a guy starts trading out of a Roth.....will 35-40% be about the maximum tax owed? How do you keep track of all your trades?
If a guy starts trading out of a Roth.....will 35-40% be about the maximum tax owed? How do you keep track of all your trades?