Intro: got my start in stocks watching wallstreetbets with GME. I have very little money and am not into gambling. I found out that Victoria secrets (VSCO) drops mid summer and tops out around Christmas at around a 140% gain. Home Depot(HD) falls to its lowest around Christmas and gets to its peak right around mid summer (moderate gains of 20-30%).
So I have started a pattern of buying VSCO in the summer, selling in the winter, purchasing HD with the small amount of funds I have, then selling HD in the summer and buying VSCO immediately after the funds have settled.
Simply put, any advice on how to do this better?
Tax questions regarding short term gains
byu/Elwe_amandil instocks
Posted by Elwe_amandil
1 Comment
Taxed as income. Looking at the tax bracket the sweet spot is like 50k