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Except you have to pay short-term capital gains tax. That can add up to a
huge difference.
In a message dated 2/21/04 2:16:27 PM Pacific Standard Time,
omegalist@xxxxxxxxxx writes:
> With a somewhat longer term horizon, I would use SSF & avoid stocks as much
> as possible. Provided your friend is comfortable with money & risk
> management, and always has stops, SSF is a vast improvement. No margin
> interest to worry about, higher leverage.. only downside is a spread of
> about 3 - 10 cents, which makes it tough to daytrade for smaller profit,
but
> that's not an issue here. IB (interactivebrokers.com) would let you do per
> side for $1. Most big name stocks has futures trading on them in nqlx &
> onechicago.
>
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