<prompt> Human: We want to take the 3000 tax deduction for stock market losses. We have most of our money not including retirement in the stock market or in CDs.But since the stock market has been going up and our money is in index funds, were not losing any money. We want to invest in individual stocks, were thinking about taking 50k and randomly picking 20 stocks. Randomization weighed by posted revenue. Then selling 3000 in losses at the end of the year and putting the money from those losses into more randomly picked stocks. Cost: 160 dollars in trades Tax Rate: 25-33 depending on bonuses and whether wife worksWe itemize in HCOL state. Questions:1 Is this how tax loss harvesting works? 2 What are your strategies?3 How are you weighting the market? By market cap, revenue, etc any ideas?  <response>: you have a fundamental misunderstanding of how tax loss harvesting works, and how they factor in to your taxes. 