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I am Done with Daytrading

Updated on February 22, 2021 at the 21th hour
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DISCLAIMER: Expressed views on this blog are my own.

In 2020, I went nuts daytrading crypto and that was fun for that little while. As the crypto market downturned, I went completely crazy daytrading stocks then options. While it is fun and all, I'm done.

Sure profit is fun, but It requires too much attention that I no longer want to put in. Second is that there are so many pages of tax forms. I got to mail in these bundles to the IRS. Hire an accountant? Naw, no way. I have enough time to dedicate, but it is not worth the amount of crazy shit I did. Crypto tax reporting is really fucking weird. What the hell is Coinbase reporting to the IRS? They don't give you any tax forms. I'm done with that. 2021 taxes will be far less intense in terms of the number of tax forms, less speculative trading and far more money.

I'm holding stocks and options for a longer term period in certain industries where I have conviction that they are undervalued.


That is not to mention. I AM LONG TERM BULLISH ON GE AND PCG!

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