4c is the floor, page-371

No dude. you don't only work with profit. You re-invest it all and you only REALLY pay the Capital Gains on your final sell. If you have a play that's built up a million bucks profit from a $50K invest over a year but your target is $2 million due to the expected drill program etc. or medical legislation change or whatever, (and Capital Gains is 50% by the way, not 30%) you are not expected to cough up $500K in tax for that year just because you made the gain that year. I have held many a stock past a financial year period and I only pay tax on the balance sheet of all the trades. I'm not an accountant and I'm feeling like I'm not really clarifying the point exactly but to answer your question, you don't only put back in what your profit is. Maybe you make a loss to start with, so depending on where you set your stop loss will depend on what you have to re-invest, if you stick to that stock now after the last announcement, where to get back in, etc. etc.

Really, you need to do a course or do what I did and throw $130K at the market for a couple of years till you get back to $130K and then make some personally learned and HC advised moves and keep doing what your doing. Your asking questions, and that's the best thing to do so good on you. You may get some cockhead like me who ate your head off for another post you made (I gave you the answer it deserved but don't take it personally), but then you'll start to get an idea of how it all roles. If you're good at identifying patterns, then you'll be laughin!!