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How Does Mark to Market Work for Traders

As a day trader, you’re always navigating a sea of numbers, looking for the best path to profitability and efficiency. One critical concept that can significantly impact our work is “Mark to Market”. It’s a method that can reshape how you view your trades and assets at the end of the day. Let’s dive into […]

Business Services for Day Traders

Here are the Different Types of Business Entities for Traders

Becoming a day trader is an exciting career path that comes with quite a few initial decisions you have to make. One such important choice is how to structure your trading business. The type of business entity you choose can have significant implications for liability, taxation, and the flexibility of your operations. Let’s dive into […]

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What a Monthly Bookkeeper Will Do for You

Most day traders get into this line of work because of their knowledge of the market and their skill in making profitable decisions quickly. But that’s just one part of the job. Bookkeeping is another incredibly important aspect of day trading. Unfortunately, quality bookkeeping requires its own knowledge base and set of skills, in addition […]

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What You Should Know About the Home Office Expense Deduction

In today’s era, more and more professionals are opting to work from home. Whether you’re a seasoned day trader or just starting out, there’s a good chance you’re conducting a significant portion of your business from a home office. If that’s the case, you might be wondering whether you can write off your home office […]

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What Expenses You Can’t Write Off as a Day Trader

The allure of day trading often comes with visions of profits, independence, and high-octane decision-making. However, just as crucial to a trader’s success is understanding the world of taxation. While the tax code offers day traders multiple avenues to write off expenses, there’s also a flip side: items you simply can’t deduct, no matter how […]

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How Do I Become a Day Trader?

There’s so much appeal to the world of day trading. You have the opportunity to bring in lucrative returns, set your own schedule, and be your own boss, all while working from home. You might be wondering why you haven’t already made the leap to join the profession. Well, before you step into this arena, […]

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What You Need to Know About Tax Terminology for Traders

As day traders navigate the tumultuous waves of the stock market, it’s essential that they don’t lose sight of the equally complex world of taxes. The terminology can sometimes feel like learning a whole new language. But once you get into it, these terms are actually quite simple and can be understood with just a […]

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Why Do Day Traders Need an Accountant?

As a day trader, you know how exciting your job can be. Each day presents a new opportunity to capitalize on your vast knowledge to make shrewd trades. But, while the financial markets and trading strategies may be your playground, the world of taxes and accounting can often feel like a labyrinth. So, do day […]