what difference does it make either way? you will be out of business in a short period of time. after 10k+ posts it has stopped to amaze me how few traders understand the math that proves that a so called minimal tax of even .002 will destroy the capital of an active trader in less than a year.
i'll change from a scalper to position day trader or move to a country where there is no tax.... (uk / i'm in europe) but surely it will hurt
instead of making like 50 scalp trades a day for 1-4 ticks, position day trader tries to capture most of current day trend: 1-3 trades per day, for more ticks
incredible. obviously you still don't understand the math. you will be wiped out by the ftt. what country are u from?
Stay on your toes people. Hit the comment section at the end of that article with persuasive comments. http://www.valuewalk.com/2014/03/financial-transaction-tax-debate-heats/