Daytrading


D

D.D. Palmer

I recently devised a stock daytrading system where I either
buy or sell a certain DOW stock every day. Most days I sell
about $90,000 worth of stock. Some days it's 2x - 3x that
much. At the end of the year, my Schedule "D" is going to
show millions of dollars in stock sales. I keep meticulous
records of each buy and each sell. If ever audited, I can
prove every trade exactly. All of that being said, am I
setting myself up for unnecessary grief and is there some
way to mitigate this? I do NOT want to turn this into a
"business" and prefer to keep it "investing" on Schedule
"D".
 
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