3. Shorter-term trading strategies have
an advantage when short-term gains
Candidate discussion: The statement
ignores that over time portfolios are
and losses are taxed more heavily than
Incorrect
long-term gains and losses because the
expected to generate net positive returns,
shorter-term trader will realize short-
not losses. Even if there were short-term
term losses to shelter short-term gains
losses and a tax advantage to realizing
that would have been heavily taxed.
those losses, both short- and long-term
traders could realize the loss.
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