ST Alpha - "I think in some cases, the speculative activity has low, but fast-turn profits. take a small percent away, and it's far less attractive." (Reading a Post)

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In response to "I've wanted something to stop the unproductive computerized quick trading for a while, but I'm not sure this will do that." by ty97

I think in some cases, the speculative activity has low, but fast-turn profits. take a small percent away, and it's far less attractive.

Posted by drumstick jones (aka amanda) Nov 3 '11, 06:54

additionally, if these are huge dollar transactions, then the revenue actually will help. so maybe a very small amount of traders will be deferred, but the revenue will be helpful in any case.

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Yeah, this part makes sense. If the margin on the trades was low, then a low tax rate would dissuade them. -- nm - ty97 Nov 3, 07:31

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I think in some cases, the speculative activity has low, but fast-turn profits. take a small percent away, and it's far less attractive.

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