TAXES: What EVERY trader NEEDS to know BEFORE year end!

At the end of the year, every stock trader should be considering the tax implications of their positions. Let's talk about tax harvesting, wash sales, and what you can do to minimize your upcoming tax bill. ►Watch me trade live every weekday:   / thestockguy   TheStockGuy: ►Discord:   / discord   ►Twitter:   / thestockguytv   ►Reddit:   / thestockguy   ►Instagram:   / therealstockguy   Date streamed: December 22, 2021 Chapters: 0:00 - Intro 0:20 - What is tax harvesting? 1:28 - Offsetting capital gains with realized losses 2:22 - Capital gains only applies to realized gains/losses 3:12 - Can I just buy back in the new year? No, wash sales 4:01 - Yearly write-off max of $3,000 4:44 - You can defer these losses to future year's taxes 6:30 - Wash sale: selling then buying "substantially identical security" 7:20 - Example of wash sale trap in 2018 crash 8:55 - Wash sale window is 30 days 9:13 - What is TSG's theory for 2022 and speculative stocks? 10:45 - People may dump spec stocks before EOY, then buy back in January 11:40 - Keeping an eye on speculative stocks in 2022 Investing and trading are two different beasts. Please do your own research and due diligence before buying or selling stocks, options, forex or equities. These are opinions only, please make financial decisions on your own. Personal Finance is important! Get $10 in crypto free on eToro when you trade $100: https://etoro.tw/StockyYoutube #stockmarket #capitalgains #taxes