Thought i would try a little exercise after reading that...

Thought i would try a little exercise after reading that degrading comment.
Correct me if I'm wrong here, but if the average LT holder had bought in at around 8c
and sold at 45c -if they were EXCEPTIONALLY lucky enough to get pick and then get out at the top, then they would have made 37c. Tax that, as a trader, on your marginal tax rate of 45% which =17c tax (let's ignore the trading fee) leaves us with a profit of 20c. So now we have 28c to invest and let's pretend i got in at the bottom 22c then i am 27% ahead and let's say we set a sell target of 64c, it hits and i make 42c. That 42c taxed = 23c. So ive made an overall profit of 43c since i began trading.
Now if i had bought that original same share at 8c , held till my sell target of 64c then i would have made 56c. 50%CGT concession means 28c taxed at 45%=12.6c tax leaving an overall profit of 43.4c
OK, we end up roughly the same. Who did the most work? And let's face it, reality is you would have had a trailing stop of 10% (40.5c) and hopefully you got out between that and 38c. Then saw reversal from bottom and got back in more likely at 26c. Completely different story.
Ouch. I'll stay long thanks.