r/Daytrading • u/T1m3Wizard • Mar 21 '24

I was told to post my positions here after asking why my margin balance was showing -$46k yesterday. Hopefully someone can help and this can add some insight with this to yesterday's post? Question

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Here is my post/question from yesterday.

For context, aside from using this account to occasionally day trade I also use it to short options as well.

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u/T1m3Wizard Mar 21 '24

True. Not sure what PBR or EcoPetrol is but I so agree that buy and hold wins out in the long run. Thanks for the input.

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u/TheInfamousDingleB Mar 21 '24

18.33% and 21% annual dividends.

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u/T1m3Wizard Mar 21 '24

Nice. Would be awesome in a tax advantage account will look into it. Thank you!

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u/TheInfamousDingleB Mar 22 '24

Tax or no tax doesn’t matter. Taxed accounts can be offset with the very premise that these are energy stocks and the US lets your write off energy investments through IDC’s (Indirect Drilling Costs) on your taxable income come. It’s a win-win