What you’re trading and what bracket your trading activity falls under will also impact your obligations. You may find you are exempt from taxes or within your tax-free allowance. However, you could also face up to a 45% tax rate.
Can I day trade with a full time job?
Many people have an interest in day trading but don’t want to pursue it as a full-time career or give up their day job to do it. In fact, many professional day traders only trade part-time, trading for one to three hours per day, and then they move onto other activities.