I've had multiple people email this to me...here is what Anarco said:
One more thing to add to the many ridiculous things that are going on right now: a congressman is trying to pass a law that would impose a 0.25% transaction tax on traders and investors. If this comes to pass, it will have a huge impact on traders like us. Please sign the petition to say no to this. Thanks!
Sign the petition here.
I will post a few charts over the weekend. Looks like we could have an historic close on the markets; then again, we could also have a late-day bounce.
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The Key To A Successful Life
1 day ago
1 comment:
Hi X,
Don't know if you are aware of this proposed tax on trades that would basically put all us day traders out of business.
"U.S. Congressman Peter DeFazio, introduced H.R. 1068: “Let Wall Street Pay for Wall Street's Bailout Act of 2009”, which aims to impose a 0.25% transaction tax on the “sale and purchase of financial instruments such as stock, options, and futures."
This tax is on the TRANSACTION AMOUNT, regardless of profit or loss. Just a heads up. Please spread the word if you think needed.
Formerly ADD Trader
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