These 2 questions are for US Citizens who day trade: How many of you who day trade have made the Mark-to-Market 475(f) Election? If you did make the Mark-to-Market election, did you also file Form 3115? I was looking into buying a year's subscription of Trade Ideas Pro. However, after reviewing the IRS rules, I realized if I did buy the subscription, which is fairly pricey, I might be required to make the Mark-to-Market election. To qualify for the IRS election, the IRS requires that: Your activity must be substantial; and You must carry on the activity with continuity and regularity I read that the IRS requires the number of trades per year must be at least 1,000 to 3,000 trades per year. This means, if I bought Trade Ideas Pro, I would be forced to make 1,000 to 3,000 trades per year. My understanding is, if you make the Mark-to-Market election, you cannot claim the lower long-term capital gain rate for investments of over a year even if they are in a different brokerage account.