I have counted my Trades for year 2022. They are 500 trades (both buy and Sell) and frequency rate is around 80 %. I traded 80% of trading days (200 out of 250 days).
80% of gain are short term gains for entire year 2022.
Is this sufficient to qualify as traders or kind of borderline? This year I have more trades and more profits. so one could argue you have to start somewhere?
Previous years I have been filing as Investor and this year I will be filing as Trader. I have few questions regarding filling out Sch c. I hope someone could help.
Which accounting method to use? I assume CASH is easy one.
When did I start my business? I assume 2022 as prior years don't count? What should be date Jan 1st 2022?
My business carry inventory? I guess trading assets are not inventory
My business buy and immediately sell? I guess No
