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.
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.
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.
com, a newly established online Broker-Dealer, offering online investing and
day-trading services.
Dinnerman, 34, sold his service station two years ago to take a full-time ride on the
day-trading bandwagon.
The high risk and questionable long-term profitability of
day-trading and the proliferation of online brokers has inspired TradeFactory.
In super-charged breakout sessions, industry experts and
day-trading gurus will discuss the issues, trading tactics and future challenges of day trading.
Tim Bourquin and Jim Sugarman, co-founders of Day Traders of USA, the nation's largest
day-trading association, Thursday reacted to the North American Securities Administrators Association (NASAA) report on day trading.
Tim Bourquin and Jim Sugarman, co-founders of Day Traders of USA, the nation's largest
day-trading association, Wednesday reacted to the North American Securities Administration (NASAA) report on day trading.
