Earlier today I halfway fucked myself riding into morning with 20% long TZA. I went through a horrendous SOXL trade that shed coin during the morning malaise and almost missed out entirely on this rally. Lucky for me, there was MOAR to be had and I carpet bombed my trading account with 15 stocks in various sectors to ensure participation. The gambit worked and my 1% losses are now 0.8% gains. I know this is substantially underperforming buy and hold accounts — because I see my Quant +5.1%. However, and this goes without saying, unlike my Quant account — my trading account endured no losses over the past month and has been green.
So fuck off with your 5% gains and stick them with your 15% MTD losses up your ass.
I cashed out of all but 5 stocks and will hold these until after 3pm, at which point I will make a determination for tomorrow.
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How many pages would you say your IRS Form 8949 (capital gains calculation schedule) averages? I bet it is more pages than the Bible (New and Old).
Ar least you are probably considered a trader and do mark to market so wash sales don’t come into play.
He does it in his IRA’s