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A comment on Almost 80% of Private Day Traders Lose Money. Parent comment

Re:Almost 80% of Private Day Traders Lose Money by daveguy on Monday August 22, 2016 @01:00PM (#12337682)
Taxes are different. Taxes won't make a winning position a losing one, but commission very easily can. That is because taxes are on profit. Small profit => small tax and large profit => large tax, but that will not turn a winning position into a losing one.
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Re:Almost 80% of Private Day Traders Lose Money by jnordwick on Monday August 22, 2016 @02:58PM (#12338514)
In real dollars (after adjusting for inflation) taxes will most easily turn a winning position into a losing one. This has always been the problem with taxing capital, often you are just taxing inflationary gains.
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Re:Almost 80% of Private Day Traders Lose Money by nothrabannosir on Monday August 22, 2016 @05:36PM (#12339630)
As another commentor mentioned: you're not comparing against a 0% baseline, but against the relevant index fund. Or, at the very least, against normal savings accounts interest. So taxes can indeed turn a winning position into a losing one.
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Re:Almost 80% of Private Day Traders Lose Money by nicholas73 on Monday August 22, 2016 @08:01PM (#12340297)
Tax laws for MLPs can make a losing position. Look it up!
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