fantastic market reaction, page-107

Krusty

That's why its a good idea to have holdings/trading stock with a couple of different brokers!

Put your L/T holdings with one broker as in its the stock you hold for the long term-meaning your intent is very obvious to ATO (capital gains etc).

Then use your other broker for trading ( even if its the same stock)-no prob there from ATO as long as the intent is there!

"Gotta have some capital gains to deduct it from - not everyone has made coin on the market to take it away from"

Should talk to your accountant re this point for if you are trading (trading being the operative word) then you can link your share trading ( plus or minus ) to your *day job income*...if there's no *day job* then I expect you look at holding till you find a position when you can write it off!