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

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

DRO

History repeats for DroneShield investors but carnage so far subdued

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

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

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

First 15 Last