Back in Tax Court, Tucker again challenged the IRS's determination, claiming in part that the IRS had incorrectly considered his day-trading
losses as a dissipation of assets.
The Japan Day Traders Association, a Tokyo-based nonprofit organization offering lectures on the nuts and bolts of day-trading
, has been inundated with people attending the lectures.
John O'Donnell, co-founder of Online Trading Academy, a day-trading
school in Irvine, said there's no waiting list for classes these days, as there was before the market fizzled in March 2000.
Targeting "serious" traders, who average 29 trades per day, and the relatively small but growing number of day-trading
companies that provide customers with high-speed terminals and real-time quotes (currently an estimated 60 firms nationally), Collins calls day trading "little more than a game of chance.
The eight enforcement cases that we announce today are examples of our strong commitment to compliance by member firms and their personnel in the day-trading
area," Goldsmith said.
Until this summer, most people outside the States had never heard of day-trading
, in which punters are encouraged to buy and sell shares rapidly, often on the same day if the price moves sharply.
Based on his company's in-depth experience and ongoing interactions with day-trading
firms, Lane offers a number of steps to remedy day trading:
The NASAA, which began conducting the study months before the shooting, accused day-trading
companies of exaggerating the rewards and downplaying the risks of day trading.
is an aggressive, growth oriented company primarily focused upon the development and investment in managing and developing systems in the investment and day-trading
of various public stock equities by supplying and coordinating the equipment, computer hardware and software, as well as training which enables qualified individuals to practice what has come to be known as the "day-trading
" of securities.
Recently, the Senate Permanent Subcommittee on Investigations held hearings on day-trading
and active trading practices.
In issuing their warning Wednesday, regulators said they are concerned that day-trading
firms might be giving novice day traders unrealistic profit expectations.
Nation's Fastest Growing Electronic Day-Trading