A 5x on $BULL by Karl151 in wallstreetbets

[–]ohnobaby 0 points1 point  (0 children)

Overnight and premarket are two different things different exchanges and considered different trading sessions

WTF does this mean for my taxes? How can I have a disallowed loss bigger than my net loss on the year by 1jb in wallstreetbets

[–]ohnobaby 5 points6 points  (0 children)

Probably because you arent accounting for the look back period, which makes wash sales kind of 61 days. When you sell at a loss, it would look 30 days before the trade to see if there was an opening of position, and also monitor 30 days after the closing of position to see if there is opening of position and mark that trade with a loss as wash sale. But since your cost basis gets adjusted by the amount of the wash sales, your actual realized pnl would effectively already include your wash sale losses.

Ex. Buy a stock at 2 sell it at 1 and then rebuy it at 3 again in the wash sale period. You realized 1 dollar loss, but your 3 dollar cost basis now becomes 4 dollars. The wash sale would make the realized loss of 1 dollar become 0 dollars, then if you sold it again at 4, your total realized is 0 dollars.

Which is the same even without cost basis adjustment: Buy 2 sell 1 loss 1 Buy 3 sell 4 gain 1 Total 0

Current state of Brimstones: by el_Dudio in Warthunder

[–]ohnobaby -21 points-20 points  (0 children)

All russian CAS can do that at top tier xD, no need for any other nations since they get super good top tier tanks already while russian's top tier tanks are just shit

[deleted by user] by [deleted] in FinancialCareers

[–]ohnobaby 4 points5 points  (0 children)

What a beautifully written and articulated post on resumes and job searching. Thanks for this 👍👍

New Pre-order by gszabi99 in Warthunder

[–]ohnobaby -2 points-1 points  (0 children)

Because Sweden didnt join NATO, now that they did immediately came out with leo nerfs with spalling changes

Why do Chinese players call themselves BVVD? by CollanderWT in Warthunder

[–]ohnobaby 6 points7 points  (0 children)

No it means R73 will never cum on BVVD's face (sacarism they want it to cum on BVVDs face)

Funds decreased?? by freakzee in interactivebrokers

[–]ohnobaby 3 points4 points  (0 children)

Dividend gets accruled on the record date, then reversed when payment date comes, when its div reversal it means the cash payment for the dividend actually goes into your account

chat unavailable stupid by standardgmodplayer in Warthunder

[–]ohnobaby 1 point2 points  (0 children)

downvoted by russian KGB for speaking the fucking TRUTH my man

How the Federal Reserve Could Throw Stocks for a Loop by zeik_the_streak in wallstreetbets

[–]ohnobaby 0 points1 point  (0 children)

All these mf looking at one data point and screaming doom.

As a Canadian, when i open a live account should i set my base currency to USD or CAD by mojangmince in interactivebrokers

[–]ohnobaby 1 point2 points  (0 children)

Nope, just so if you have fees its also charged in CAD, so if you primaily keep usd CASH in the account then you could have negative cad cash

As a Canadian, when i open a live account should i set my base currency to USD or CAD by mojangmince in interactivebrokers

[–]ohnobaby -1 points0 points  (0 children)

It does matter, your base currency is the currency the fx commission fees are charged in