$300k Loss Day Trading Reaction

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  • Опубликовано: 24 дек 2024

Комментарии • 8

  • @mannytoosmooth7438
    @mannytoosmooth7438 Месяц назад +1

    Great video!

  • @Bardo123-r3e
    @Bardo123-r3e Месяц назад +1

    Crazy thing is that LT/Qualified Div. capital gains are not taxed at their low income level, so they have to get their income up to capture the losses! If they get their taxable income, AGI, up over something like 94K (married joint) , then they should open brokerage account and buy something like CEFs that pay substantial LT/ST capital gains, thus they will be able to capture the losses. Leave the trading to the folks that have the inside info.!

  • @CharlesVaughn-bm9gq
    @CharlesVaughn-bm9gq Месяц назад +1

    A 401k is far better than a brokerage account. Dividends are taxable in the brokerage account. Loss carryforwards cannot be applied to dividends. Plus, the contributions are tax deductbile and if you work for a company there is usually a match.

  • @jaspy.865
    @jaspy.865 Месяц назад +2

    man I absolutely LOVE dave, but its definitley hard hearing him talking about day trading, gotta love ALL of his financial advice tho

  • @oleedgibbon8007
    @oleedgibbon8007 Месяц назад +1

    He says there's no such thing as a profitable trader, then says 78% of them lose money. So the 22% doesn't exist? Trading is hard, and most people fail at it, but that's true of a lot of things. The reality is that trading is work, especially while you're learning, and most people who get into it are just looking for an easy way out of the grind, or a quick moonshot. They think it's easy and jump in during a bull market, then get crushed when things dry up. If you weighted success rates by how many people actually take it seriously, the success rate would be a little higher.

  • @bunbohue369
    @bunbohue369 Месяц назад +3

    I would retire with that kindda money, just buy 300 shares of SPY and sell covered calls everyday.