Australia's largest stock trading and investment forum Australia's #1 stock forum

Day Trader’s Aftermarket Lounge 4 June 2020, page-15

First 15 Last

Share
Profile

Follow
madbullrun

4,861 Posts.

101

04/06/20

17:08

Post #: 45041362
Share

Originally posted by jake2358: ↑

Hello all,

I am a new trader and was wondering what the upside/dowside to day trading over mid to long term trading is in your opinion?

I was of the opinion that if you could capitalise on a few percentage points increase in stock prices per day then you would essentially compound your capital and probably finish with a greater result than someone who picked a good stock at a fair price and waited for slow appreciation over time?

Someone on another thread had said to me "be careful of day trading, most aren't very successful and you need to watch out for the tax man".

Would the taxes not be the same for gains in capital on a single investment as they would be for increase in capital on a series of smaller investments with end result? ie one trade that has a 10% increase on initial capital outlay or 1% on ten trades with the same outlay (compounding capital growth aside)?

Any tips or answers would be greatly appreciated and will not be taken as financial advice but opinion only.

Expand

you will gain more from ST trading, as day trading is riskier.
as long as you ride along the wave on ST trading you will be fine most of the time.
1 Upvote

Reply

Top Stories

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

LDX

Lumos Diagnostics surges 140% on major US contract deal

First 15 Last

SPONSORED BY