9 Avoid the Dreaded Wash Sale Rule
If you trade stock regularly, you might find yourself accidentally violating the dreaded wash-sale rule.
This means you’ve sold shares of stock and then bought the same or similar shares shortly thereafter.
This can cost you huge tax penalties. With a little planning, you can avoid this fate and still enjoy trading stocks aggressively with a little planning.
10 How Stocks Can Affect Your Tax Bill
You have to know the tax rules for each of your positions if you’re going to be an active stock trader.
The shorter you hold a stock, the more you’ll pay the IRS in taxes. This was designed to encourage long-term investment over short-term speculating.
Trading Stock Strategy Guide
Now that you’ve learned the basics of stock trading, you can get into the specific ways you can make money.
Learn how investors like Warren Buffett lower their cost basis through using stock options, how other stock traders make money by anticipating dividend changes, and much more.