Taxes reguarding daytraders VS other traders

SporeMonger said: "I was just talking with my dad about taxes and he told me that if a trade was bought and sold within a week, it was taxed differently then a regular short term gain. Is this true? Also, where is everyone? This forum seems a little slow (hollow) lately... At least say "HEY!" or let me (us) know the core is still alive. sheesh. This forum seems to mimick the market lately... :rolleyes:"

thezster said: "[QUOTE=SporeMonger]I was just talking with my dad about taxes and he told me that if a trade was bought and sold within a week, it was taxed differently then a regular short term gain. Is this true? Also, where is everyone? This forum seems a little slow (hollow) lately... At least say "HEY!" or let me (us) know the core is still alive. sheesh.[/QUOTE] HEY!!! don't know if I'm a "core" part or not.. ??:confused: Tell your dad that "with age, doesn't necessarily come wisdom in all things".... A short term gain is a short term gain, be it made within minutes or months.... Any holding sold before a 12 month hold.. is a short term capital gain...."

SporeMonger said: "[QUOTE=thezster]HEY!!! don't know if I'm a "core" part or not.. ??:confused: Tell your dad that "with age, doesn't necessarily come wisdom in all things".... A short term gain is a short term gain, be it made within minutes or months.... Any holding sold before a 12 month hold.. is a short term capital gain....[/QUOTE] That is what I thought. Thank you, and HEY!!! I consider you core, reletive to me. :)"