Tax Time Alert: Trader Survival Guide

Get ready for the upcoming deadline with these tips ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Good Morning! Today I’m tackling a topic that most people would rather avoid than face head-on. But since it’s part of everyone’s life once a year — you need to know about it. More specifically, you need to know the mistakes most traders make and how to avoid them. I’m talking about tax time. The April 15 deadline is coming up… Don’t procrastinate and avoid tax time until it’s too late. It's time to tackle them head-on and arm yourself with the knowledge to navigate tax season smoothly. It will be easier with [my #1 tax tip and two mistakes to avoid]( Sponsored 🔍Unlock the Future of AI Stocks! The AI revolution is just beginning. With developments spreading rapidly, small-cap companies could benefit the most from the next AI boom. So Tim Bohen’s team is going live to share the newest cutting-edge AI technology and show you the small-cap stocks they’re watching right now! Don't let this opportunity slip away. Reserve your seat now and be at the forefront of the next AI boom! [Click here to secure your spot]( Avoid These Tax Mistakes as a Trader I must emphasize that I am not a CPA, and it's crucial for you to consult a professional CPA to navigate your taxes properly. But I can give you my essential tips and insights to avoid common tax pitfalls. #1 Tip: Build Your Professional Support Network First things first, it's essential to establish relationships with professionals like your banker, lawyer, and CPA. Trading is not a hobby — it’s a business. Having a licensed CPA familiar with [day trading]( and short-term trading is invaluable. Even with the help of a professional, it’s good to know some basics for yourself. Here are some key mistakes to avoid….. [Learn More About Day Trading Taxes Here](. 2 Key Mistakes to Avoid Let's address some of the [common mistakes traders make]( especially as we approach tax season. 1. Holding Losing Positions Many traders end up becoming bag holders, [holding losing positions]( for far too long. But even worse, traders hold those positions through the year and miss the chance to claim losses on their taxes. Always cut your losses quickly. It frees up your psychological capital and allows you to start the next trade or the next year fresh. 2. Underestimating Tax Obligations One common horror story among traders is underestimating their tax obligations. Unlike [W-2 jobs]( where taxes are withheld monthly, traders must set aside funds for quarterly estimated taxes and the April 15 deadline. If you don’t you’ll be left with significant stress, payment plans, and IRS penalties. [[ratio]  ]( To avoid these pitfalls — plan ahead. Estimate your tax liabilities, set aside funds regularly, and consult with a CPA so you're prepared for tax obligations throughout the year. Remember, trading is not just about making profits; it's also about [managing your finances]( responsibly. By avoiding these common tax mistakes and planning ahead, you can navigate tax season with confidence and focus on your trading success. Have a great day everyone. See you back here tomorrow. Tim Bohen Lead Trainer, StocksToTrade Sponsored   One Stock Capturing a Multi-trillion Dollar Market Today, one brand-new technology is disrupting America’s healthcare industry, and it’s currently being deployed in 9 out of 10 hospitals worldwide… Creating one of the biggest opportunities in stock market history… Tim Bohen is breaking this story that will go down in history as the single most transformative moment in human history. Click below to see the full story and learn more about a-MIS Technolog   Sponsored ACCESS NOW: Click to activate this complimentary membership gift and receive daily market intel. [To The Moon Report Weekly Stock & Crypto Watchlist](   Recommended Membership Gift     [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [Click Here to Unsubscribe]( (As an Amazon Associate, we earn from qualifying purchases.) 13809 Research Boulevard, Suite 500, Austin, TX 78750 **Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the “unsubscribe” link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies. Copyright © StocksToTrade.com