I sometimes do it, even if I want to hold the share. In my opinion, you can only buy the share again the following day for tax reasons. I then sell at 21:55 in the evening and buy the next morning at 8:00 so that I don't miss out on a sudden rise. Only then, of course, if I believe in the company and just want to get my overpaid taxes back quickly. You get about 25% of the loss amount back. The refund should be significantly larger than the sales and purchase fees. Logical.
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•@Mats-Invest that would be too hot for me. If you buy back your own, you could get into trouble for market manipulation.
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@melly-m No, that is legal. Explanation:
If you sell a share and buy exactly the same number again at the same time, there is a risk of a so-called "in-your-face" transaction.
If your sell order directly meets your own buy order (e.g. because you are trading with the same bank or on the same stock exchange), there is no economic change of ownership.
According to BaFin (financial supervisory authority), this is considered market manipulation and is prohibited.
The solution: waiting one day is legal. If you sell today and buy tomorrow, the transactions take place at different times, the price has changed and it is a clean transaction with another market participant.
This is a classic tax optimization scenario (often called "tax-loss harvesting") and is generally allowed.
If you sell a share and buy exactly the same number again at the same time, there is a risk of a so-called "in-your-face" transaction.
If your sell order directly meets your own buy order (e.g. because you are trading with the same bank or on the same stock exchange), there is no economic change of ownership.
According to BaFin (financial supervisory authority), this is considered market manipulation and is prohibited.
The solution: waiting one day is legal. If you sell today and buy tomorrow, the transactions take place at different times, the price has changed and it is a clean transaction with another market participant.
This is a classic tax optimization scenario (often called "tax-loss harvesting") and is generally allowed.
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