Just wanna share another topic on my experience. During the last 2 weeks I traded BAC for 80 trades (both enter and exit). I made a total of Wins $5880 Lost $2160 Overall I made $3720 My Commissions on bundled with IB was $1200 (80 trades x 3000 shares per trade (comm = 0.005)) So I ended up making $3720 - $1200 = $2520 I'm thinking at the end of the year (only for these 80 trades that I made) because of the wash sale rule. I would have to pay tax on my gains which is Gained $5880 x 35%tax = $2058 So I will be making only $2520 - $2058 = $462 ???????????????? People tell my to consult with my Account. Which I did already. All the commissions/tax really bothers me. I did all the consultant with my account already. That is i'm subject to the wash sale rule. I do make many points on my trading but this wash sale really kills me. I'm wondering all you traders here posting your gains making $50,000 - $70,000 ytd but how about your wash sale tax??? You will all be eat up. It's really simple. I did let my accountant elect me as a MTM but i'm still not qualified as a day trader. I need to proof more another year. Well, another year is a lot for all of my money to be burned by this stupid wash sale rule!!! For my commissions, I think I will chg from IB to another broker - a flat fee commission. Maybe MBT or OEConey which I do have a small amount of money with MBT but I don't really like their execution but have no choice. I've calculate the fees on unbundled for IB already, the exchange fees still hurts me a lot. Anybody have any advice????????