Hey everyone. I've been trading only for 1.5 years. Took a small hit last year, about -$20k but this year WOAH! I learned alot in the first year, especially patience and manipulation, but not enough about taking a tax hit on profits. I Have a stock with $280K in gainsright now, and it's a volatile one. Bought it in June 2009. What to do and expect if I sell it? Trading is my only income, plus my wifes 80K/year job. and typical 20K in tax deductions. I'm calling a tax accountant for an appointment and to do my taxes this year but was hoping some of you could shed light on it. Next to that particular stock I've also made about 75K in realized gains. LAst year I managed to keep us in the lower income bracket, but not looking forward to this year.