Josh Hi, It depends on how much profit you are taking if it is under the CGT margin it is all profit, anything over you pay the GGT on anything over £11000. If anything under the CGT max it does not matter Net or Gross. You may also consider if you have other gains elsewhere then it dose count. Regards Tom
RE: "Day Trading"
no need to complicate matters. I'm not greedy. keep things simple. just going back to the other post, is it 5% net or gross profit margin?
my sharedealing account does not ask me how many days - they tell me!
IMHO and DYOR etc.Trading TW volatility has been quite profitable over the last 18 months or so. However, last few months TW has shown much more maturity and is much more resilient to market swings, therefore more difficult and less predictable to trade. However, if you feel you want to trade volatility it is much better to use CFD's which provide 5 X leverage for TW and no stamp duty. Or, use SB which has wider margins, but no CGT or commission payments. Trading volatility with directly listed shares is inefficient, and more difficult to make a profit. I have traded TW volatility for 18 months, and made >100 profitable trades, with 2 losing trades so a little discipline and patience does actually pay off. However, since the turn of the year its been harder to execute low risk and profitable trades in TW.
You should be buying your shares within an isa stock account to avoid paying tax if you deal regular you can buy sell within the day as your account allows you to buy even tho the monies haven't cleared When you buy sell it asks you how mNy days grace you require ie before you pay or receive so technically you can buy shares sell them without paying for them if that makes sense ?
thank you for being so open. Obviously, anything more than 2 or 3% per annum is a good return - better than any ISA. but when you sell you shares you also have to consider the void period between that and purchasing a new stock! my brother says I may as well bet red or black.
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