I assume these day traders are very very rich as every buy/sell on every day must erode their daily profit by 50% due to capital gains. I'm lucky as my capital gains, when I decide to sell "way down the track" will be almost zero as I have had mine for a long long time.
Surely if they make $50k in one days trade then they loose $25k to CG. As I said, it must be nice to have this much working capital on a daily basis. Us mum and dad investors can only sit in awe at this activity.
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