Rapid Fills
4.1K posts

Rapid Fills
@RapidFills
Day Trader, Engineer, MBA. I'm Not a Financial Adviser do you own DD.
United States Katılım Mart 2019
418 Takip Edilen668 Takipçiler

@GBearTrading The RVOL x TWAP crossover the 200SMA with elevated 5 min RSI combined with the Bollinger band symmetry bounce on the 60min was a huge red flag. Dont know why ya'll didnt see it. #rookies
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@GBearTrading sorry to hear that man! don't stress it, you will be back stronger! hit me up if you want to talk about it. always here.
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@daytradingzoo Slot on comment man! Size to play another day. This is the solution for every trader because the outcome is random between winners and losers.
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@thelaptoplegend all I can say is make sure you have a good accountant who knows what his doing!
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I have now paid over $1 million to the IRS in the last 9 months 🤮
I didn't know until recently that if you made over $150k last year, you owe 110% / 4 of what you paid last year on April 18, June 15, Sep 15, and Jan 16, and if you don't pay it by those dates, you are charged 7% interest compounded daily (it was only 4% last year). This is assuming you will make at least as much as you made last year.
So say you paid $1m in taxes for tax year 2022. You would've owed $1.1m/4=$275k for your first estimated payment on April 18th 2023. If you didn't pay that, you would start accruing 7% interest, and by June 15th you would have accumulated $3075.68 in interest and would owe another $275k for the second estimated payment, so for the next quarter you'd be owing interest on $553,075.68 (compounded daily still).
By September 15th you'd reverse earn another $9844.02 and then owe the next $275k for a total of $837,919.70.
By January 16th 2024 you would've accrued another $19,998.81 in interest and then owe the final $275k for a total of $1,132,918.517 owed.
If you waited to pay it all until tax day on April 15, 2024, you would accrue a final $19,722.31 on your balance for a total of $52,640.82 in extra interest owed on top of your balance, and that's paying it all on tax day in April.
If you file an extension but don't pay your taxes on tax day in April it gets even more out of hand.
Pretty wild stuff, and I never realized it before. I always thought if you paid your balance on tax day in April you were fine.
(I am not an CPA, so if I made a mistake in my knowledge or calculations here feel free to correct me. This is just my current understanding of how things work. Always consult with a tax professional before making any tax decisions; this is not tax advice.)

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@daytradingzoo nothing delicious sat up for me too! Enjoy the weekend!
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Enjoyed my week off. But not gonna lie, can not wait to get back at it on Monday. Todays action looked real nice but not as nice as the sunsets in LA this week. Have a good weekend all, and remember as my good friend @jjfade23 says there is more to life than money and screens🙏🏼

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$WHLR - wasn't around to short near 11 in the preM but 7.50 made sense to me to focus on a long or short and keep risk tight
#HSBreakShortSetupsWork
#DayTrading



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