Knight Capital
Say "NO" on the Traders Tax Bill
Dear Fellow Trader,
We rarely venture into politics, unless we are analyzing the possible reactions to political events in terms of trading opportunities. We prefer to find profits for our clients through chart and sentiment analysis, then to worry about what politicians are doing.
However, a New York Congressman has proposed a Bill that is detrimental to active traders/investors such as ourselves.
Enough so that we are passing along a website link to you which will allow you to sign a petition against the passage of the Proposal and will automatically submit an email to your Senators and Congressman.
The Bill H.R. 1068 basically imposes a 0.25% transaction tax on the sale and purchase of financial instruments such as stocks, options, and futures.
While this may sound minimal, it could amount to a round-trip charge of $50 on a 100 share purchase of AAPL, for example.
And that's on every trade you make.
If you go to this website, you will find more information on the Bill and how to sign the petition against its passage and to send emails/letters to Congress.
Please Do This Today
Rally Congress Website
Good Trades,
David Knight AKA Tiger
http://knightcapitalmanagement.com
KnightCapMgmt@gmail.com
TradeCraze@gmail.com
Disclaimer:
This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.
Say "NO" on the Traders Tax Bill
Dear Fellow Trader,
We rarely venture into politics, unless we are analyzing the possible reactions to political events in terms of trading opportunities. We prefer to find profits for our clients through chart and sentiment analysis, then to worry about what politicians are doing.
However, a New York Congressman has proposed a Bill that is detrimental to active traders/investors such as ourselves.
Enough so that we are passing along a website link to you which will allow you to sign a petition against the passage of the Proposal and will automatically submit an email to your Senators and Congressman.
The Bill H.R. 1068 basically imposes a 0.25% transaction tax on the sale and purchase of financial instruments such as stocks, options, and futures.
While this may sound minimal, it could amount to a round-trip charge of $50 on a 100 share purchase of AAPL, for example.
And that's on every trade you make.
If you go to this website, you will find more information on the Bill and how to sign the petition against its passage and to send emails/letters to Congress.
Please Do This Today
Rally Congress Website
Good Trades,
David Knight AKA Tiger
http://knightcapitalmanagement.com
KnightCapMgmt@gmail.com
TradeCraze@gmail.com
Disclaimer:
This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.
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