I do know , Nick , been there and done that , I don't have to...

I do know , Nick , been there and done that , I don't have to kid myself otherwise.....my capital stays in to take full advantage of the bigger gains , if I constantly traded successfully that same gain would be depleated by tax, very simple .....you don't pay tax [ depleat your working capital ] until you sell......think about it ......build your wealth without paying tax......the tax man will still be happy [ even though hes only getting half after 12 mnths.....cgt ]......no sence in taking your money off the table too early , paying the tax and having less money then to buy back what you've just sold ......doesn't sound real smart . Cheers