holding admiting loss, page-79

this wont solve your problem but it should help you get back around 41.5% of your money at least.

to qualify as a share trader you need to make systematic and regular trades in the same stock. therefore if you trade CNP enough any losses you incur are on the revenue account and therefore you can claim the losses against your normal income.

so if you are making $150k pa you marginal tax rate is around 41.5% including medicare. so cut your losses and trade in and out of the stock so you can treat the losses are revenue and offset them against your normal income.

i suggest talking to your accountant about it first to make sure you can quailify but at least you will get some money back from the tax you have already paid.

hope that helps.