Tax loss selling: Ended yesterday

Perhaps the up trend today indicates some recovery in January.


I was hoping to ask about this, but you beat me to the punch :grinning:

  1. When does the big money do the tax loss harvesting? Would it be in mid to end November…so that 30 days for wash rule would essentially mean Prices (hopefully) rise in December end/ January beginning? I have zero idea but wondered if that was what normally contributed to the Santa Rally?

or is there no pattern…and people continue to sell all the way (with institutional probably a bit early in November…and the continued selling pressure forcing the retail to give up in December {possibly like what we are seeing now}…which may be the reason why there is no Santa rally…

Not sure this couple of % rise is really a rally, considering that we are exactly at the same point as Friday market end.

  1. On a more generic note, I was hoping if Wendy and others can weigh in as to how you study the overall market…What resources do you use to make reasonably informed decisions.

Thank you,


@Inspired2learn , I post a “Control Panel” every Sunday. This is loaded with links to information sources which are helpful for understanding the Macro economy.

Decisions on specific investments can be guided by the factors discussed in the Control Panel. But which specific stocks, bonds, etc. to buy or sell should be analyzed separately since they require a different type of detail.



Thank you Wendy. I will check those out…may be if I see a few together, I may be able to appreciate your thought process, thanks again.


On the other hand, index futures as of right now, are all negative.


Tax loss selling ends tomorrow. I will do some tax gain/tax loss trades tomorrow. Last trading day of the year.

Is it the trade date or the settlement day that matters? Trades from yesterday settle tomorrow.

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Trade date is what matters.

Excerpt - “For most purposes, the tax law uses the trade date for both purchases and sales. For example, if you sell stock on December 31, you’ll report the gain or loss that year, even though the transaction will settle in January. Trade dates also govern in determining whether your holding period is short-term or long-term, in determining whether the wash sale rule applies, and in determining whether you have a qualified dividend.”

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You know the bottom when you lament, “Darn, I should have bought at XYZ!” and then you don’t buy because you already missed the great opportunity. A few months later you kick yourself some more.

The Captain

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I did some small tax loss selling today

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I sold one stock, a total loser ($NYMX) that I’ve held for many years to offset my net capital gains in 2022. I don’t have many more of those left anymore, one or two more for 2023 and then that’s probably it. Many of my holdings are very long-term at this point, and the vast majority of their value is capital gains (for example, $UNH that I purchased back in 2006-2009 for $20-50). Oddly enough, despite the large gains over the years, I consider my UNH trades to be among my worst because I sold most of them way too early for nice quick gains. I just took a quick look at my spreadsheet and those sales amount to a nearly 7-figure “loss”. I would have been a lot better off holding every single share of UNH I ever held.