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Old 10-08-2008, 03:56 PM
tom123 tom123 is offline
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Join Date: Apr 2008
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Smile stocks


Active trader / Passive Trader hmm !!! interesting.

1) if you have money and time u can do as many trades as u like ( no restrictions ) even u can execute a trade every minute ( provided ur employer won't mind )

2) Taxes has to be reported only on closing of position ( either in capital gain / loss ) as said by others

FYI: for tax terms refer captial gains tax details ( as of now more than 1 year holding 15%, less than a year is > 15% etc., )

Hope you make some money.
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