Los Angeles,CA USA
Posts: 16 since Mar 2017
Thanks Given: 0
Thanks Received: 7
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how many times can i wash sale the same stock in the SAME 30 DAY PERIOD?
i know there are tax implications to wash sales, but is it illegal to wash 2, 3, 4 , 5 times to the same stock in the same month?
(my logic) i dont mind taking the tax implications and the small losses "if" i can get 1 big gain out of it, thats why im asking.
my play scenario is
1st loss .10 per share
2nd loss .05 per share
3rd loss .15 per share
4th profit .50 per share
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profit .20 per share
and i dont plan on holding because it would be a momentum trade penny stock, thats why i was asking
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