Not sure why you interrupted Akrotiri he was enjoying his conversation and bromance with JD!
I agree with you and have held and not sold just added over the last 2-3 years but there is a merit to trading and I should do this but fear it keep going and missing the big one.
What you say has merit but lets consider:
Buy 100,000 @ 25c (24th sept on the rise after the low) sell 50c just off the top
$25k less 40% CGT so clear $15k profit now buy back 10 Dec at 25c now have 160,000 shares
you now have 60% more shares. Lets say in a the next just is to $2
160,000 x 2 = 320,000 - 25,000 = 295,000 profit less 40% CGT = $177,000
Now
100,000 x 2 = 200,000 -25,000 - 175,000 profit less 20% CGT - $140,000
Each to their own methods and good luck!
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1 | 85000 | 0.034 |
1 | 210000 | 0.033 |
1 | 10000 | 0.032 |
1 | 50000 | 0.031 |
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