To be considered a trader in securities for tax purposes, which of the following is not one of the three general requirements?

To be considered a trader in securities for tax purposes, it's essential to understand the primary criteria that define this status. One of these requirements is that the transactions must be substantial, regular, and continuous, which reflects a trading pattern that is more frequent and engaged than that of an investor.

The requirement of transactions being intended for short-term swings emphasizes that traders typically aim for quicker profits, which differentiates them from investors who may hold securities for longer periods for appreciation or dividend income.

However, the notion that transactions must be for a large amount is not a general requirement. The tax classification of a trader focuses more on the frequency and the intent behind the transactions rather than the size of each transaction. Thus, one can be classified as a trader even if the amounts involved in each trade are not particularly large, as long as the trading activity itself meets the other established criteria.