today – close tol short
tol close
TOL: Closed my short position with Toll Holdings today at $8.41 giving a 5% loss.
As this was a short trade, it was done with CFDs. For me this means a tight stop which triggers off intraday trading, rather than the end of day. Ultimately it works out as a close anyway as the day close was above the stop loss.
As we approach Christmas and the holiday period I am slowly working my positions out of the market, so I wont have much exposure when I come to take a bit of a holiday.
tradersams blog 
Hi,
Since you trade and live in Australia, could you recommend/write articles about taxation related with shares tradings?
Thanks,
Hi wannabetrader,
A great qustion, and you know what – I really can’t recommend anything, as I’ve not really gone into it.
I have the book “Shares Derivatives and Taxation” by Compton, which I purchased a few years ago now. I felt this book was good when I read it, but I haven’t really read much else on the topic, certainly not enough to make recommendations.
As for writing on the topic, I’m the guy the tax department has audited 3 times over a number of years (amounting to a total of $60 to be found in error!!) and is still hurting from the amount of time that cost me. Based on that experience I know enough to get me by, but would be very hesitant to comment on an area that I don’t know that much about.
… Which might be why I comment on shares as I reckon a lot of people don’t know as much as they think they do, and I know I’m just having a go!
Sorry I can’t help you a lot right now. If I see someting particularly good, I’ll post it.
Cheers,