Re: [CANSLIM] Deduction Subject to 2% Limit

From: "Robert Gammon" <rgammon51@yahoo.com>
Subject: Re: [CANSLIM] Deduction Subject to 2% Limit
Date: Wed, 23 Jul 2003 11:22:46 -0500 (CDT)

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An average holding period of 12 days is LIKELY to disqualify you 
as a trader.  Traders hold very few positions overnight.

Robert Gammon
Houston, TX
I prepare taxes for a living and assist clients with IRS audits

On Wed, 23 Jul 2003 11:44:04 -0400, Hong Hsu wrote:

>
>Does anyone here uses Schedule C to tax return 1040 while using 
CANSLIM 
>approach?
>
>I am confused by Special Rules for Traders in Securities. On 
page 68 of 
>Publication 550, it said: “You must seek to profit from daily 
market 
>movements in the prices of securities and not from dividends, 
interest, 
>or capital appreciation.”
>
>What does exactly daily market movements refer to in here? What 
is 
>capital appreciation refers to here exactly? If stocks average 
holding 
>period is 12 days. Does it qualify for profit of daily market 
movements 
>or capital appreciation?
>
>Your thought? Thanks in advanced,
>-Hong
>
>
>
>
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Robert Gammon
Houston, TX


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