daytrades march 25 pre-market, page-13

Kingo - that is more complex than that it depends on your method of valuing your holdings. ie FIFO or avg value. If you start trading on a regular basis you should really contact your accountant or talk to the ATO. Obviously the valuation method makes no difference to your cash in hand but may make it huge difference when it comes to the tax man. Good record keeping and consistency in your valuation methods is imperative.

W2