I am glad to hear it worked out for you. I would like to run a little math for you so you know exactly what you made. At 8% you sold the $2000 for $2160. So Initial profit was $160. Take out $14 for trade both ways so you are down to $146. Now take out 25% for short term capital gains and you are now down to $109.50 in profit. All of the sudden your 8% profit is down to under 5.5% and I gave you the best rate on trading and didn’t take out any state sales tax.
Don’t get me wrong, I am very happy for you and anytime you can make that % in a month it is great. But now lets look if you had a $100,000 to invest in T. You would have made $8000 gross. Now take out $14 for both ways and 33% for fed short term tax. You are at $5350.xx in net. Almost the same net profit % as the smaller amount even with much higher tax rate.
Now imagine if you were able to do this trade in a tax deferred account instead of a cash account and you can imagine the huge difference.
I know I am rambling but if you are just starting to trade, tax implications are very very important and how much capital you have available is also important. If this is play money than there are no issues here. But if this is money for your retirement realize how fees really eat into your profits if you are an active trader. For most smaller bank rolls the #1 most beneficial thing you can do is max out your tax deferred accounts. And if you do not have a significant amount a whole market low fee etf that you buy and hold is your best option to maximize gains long term vs active trading. If you active trade with a small amount you have to beat the market by a bunch to actually beat the market after fees. And if you are active trading outside a tax deferred account you have to be awesome to beat the market.