Day Trading has great fascination for many given the enormous success of legends who have effortlessly raked in a fortune from the activity. One trader has claimed to have made a fortune of $4.2 Million. We can also emulate this success if we follow time-tested rules and strategies
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Investor Makes 282x Gain (In 12 Months) From Penny Stock But Gets Busted By Tax Sleuths
An investor had the good fortune of raking in a mammoth 282x gain from a penny stock. However, when he went to the Tax Office and claimed the gains as tax-free, he was in for a rude shock. It was held that his transaction is sham and bogus and that he tried to convert his undisclosed income into tax-free LTCG
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