If you qualify as a "trader/dealer," status you may be subject to self employment tax as well so I would consult with your tax advisor regarding the day trading activities.However on the lending end we generally can only use income for qualification purposes if its considered consistent and likely to reoccur.Message me if you had additional questions or specifics.

Buffett made most his money from management.His investment return rate is quite low in a first class trader's point of view.For most people, making real money from stock market investment is unrealistic.

During my career, I've had the opportunity to start-up & run two successful internet based companies and am a former futures trader.

.:)Kudos to John JacksonTo John JacksonJohn is not only a nice guy, he is a complete REI expert in Texas on many fronts.He was my student in Lease Option Assignments way back in 2001 (coops, wholesaling lease options, all the same) being a Stock Trader with 2 little girls, stay at home dad.

Financial products and technology are always a good way to go. 40% a year consistently is not achievable long-term for almost any traders.

I was a futures/commodities trader for 10+ years (private).

I have a 10 year trading background in financial derivatives, mostly options arbitrage and structured commodity deals.As a trader it is clear that it is much better to buy a stock (real estate) in a rising market than in a falling market.

IF you're a trader (short term holds), the short term is the only term!

Other traders booked profits.

Doesn't matter if its a real estate guru, stock trader, or small business owner.