- Dec 25, 2010
No criticism at all, but how long does it end up taking you to prepare the various schedules for the annual tax return on all that short term capital gains? Do you file quarterly estimates on all your trades?I have 3 different brokerages I use Etrade , Interactive Brokers , and Centerpoint. I do a lot of short selling these days so like with a stock like TSLA that is around $800 or better shorting a 1000 shares and not going into margin can be expensive so I will do 500 with etrade, 500 with IB and 500 with Centerpoint. I keep 100k in each so I can mix what I am doing on a given day. Sizing is what important. So if I short sell 500 TSLA and it reverses, I can buy 500 on a different brokerage so I stay green.