Taxes for Day Traders

All Jobs are Dead End Jobs

Way too much emphasis is placed on finding that perfect high-paying job, and it just doesn’t work for people like me (and probably you too if you’re a fan of this podcast). Day trading comes with risk, but opens the door for complete freedom. Today’s trade recap covers the new highs on EYES. Great long setup on that yesterday!

Pot Stocks Go Crazy and Brokers Have Issues

This week wraps up a crazy run in the marijuana stocks. TLRY leads the pack and little SNDL breaks new barriers. Brokers seem to be having trouble with their platforms and executions this week as well. I recap my long and (accidental) short trades on SNDL.

Taxes for Day Traders

As day traders, we have to be aware of our tax situation throughout the year. Estimated quarterly tax payments are necessary for profitable traders. When it comes time to file, make sure you know how to report your earnings. The end of the episode features my trade recap of $SOS from Monday, March 1st. *I am not a tax professional. Please consult a professional before filing taxes.

The Value of Tiny Positions

Paper trading has its place for the beginner trader, but its benefits are finite. As traders need to make the move to using real money, what is the best way to do that without blowing up your account? Use extremely small position sizes in your trades! Here’s why you should consider trading a single share in the early days.

Moms Who Trade!

How do other moms manage trading with babies and toddlers in the house? I need some advice over here! Trading through pregnancy and raising a toddler was doable, but a 6-month-old and a 3-year-old has really put the brakes on my ability to day trade. Today’s trade recap covers an attempt at a high-of-breakout on GTEC while dealing with diapers, spit up, and whining.