Traders happily buy and sell for a small profit, 30% of which will be going to the government as CGT. By doing so they are taking the risk of losing 20-30% if the share price drops. Either way the house wins, if you play the game for long enough and not stop.
In contrast, keep the shares for a year, then take half the profit free of tax.
Why do they still trade? This is something I don’t understand, and will never do.
Ann: Strong lithium mineralisation from first Adina assays, page-355
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