"by large i mean, 0.5% or so, not a penny or something like that, even though that would still be a lot" If you make a statement like this you are a typical retail trader. .5% is smaller than a penny.
RE: my previous post - ftt and disappearing day traders https://www.elitetrader.com/et/thre...tion-tax-and-disappearing-day-traders.340600/ zdreg k account ftt of 1/10 of 1 percent or.001. 4to1 intraday margin 4 to1 turnover 400k/day tax cost $400/day annual cost 100k At year end breakeven trader has lost all his capital. Last edited: Feb 19, 2020
The title of this thread implies that a small percentage FTT is acceptable to day traders, As my example above shows large or small percentage FTT will bankrupt day traders.
Is this a trick question ? Expect your New York City Democrats and Chicago Democrats to have their carve-outs. Which would mean that the banks and private equity firms are exempted. You watch.