To be honest, I didn't expect it to reach my sell target so...

To be honest, I didn't expect it to reach my sell target so soon. If it takes a week or two, that's totally fine in my books. It could have continued to go down and I would have had to wait til it returned back up to my sell target, which is totally fine for me. But that is why I trade in small margins with large capital. Easier to make lots of smaller amounts - who would complain about making 20k in two days! It is only a portion of the capital, but yes, is a risk, as is with anything in life to make money. I try to minimise that risk as much as possible.

Being a SMSF and under my Dad's account, he is at an age that allows it all to be tax free. So he doesn't pay any tax on it, but must take out a certain amount by the end of each financial year. Still adheres to all the tax requirements.