I have my big money in my taxable brokerage account and am aware that when I sell a stock for a profit, I incur capital gains, and those balance out with selling a stock for a loss.
I want more flexibility in trading though with smaller amounts of money, possibly buying and selling a stock on the same day/week, so I opened up a traditional IRA in Etrade.
I just need to make sure that I'm right about this, that I can trade as much as I want in my IRA and will NOT pay any capital gains taxes on those trades right? So, if I buy and sell the same stock 10 times in a single day, no matter how much money I make on each sale, **I will not incur capital gains on any of those sales**, do I have that right?
I just don't want any unpleasant surprises in April if I've misunderstood those rules!
Thanks!