Lots of poor advice and shallow knowledge here on this thread. I...

Lots of poor advice and shallow knowledge here on this thread. I suggest people get professional advice and determine if they should be classified as a trader and if so if they also wish to hold other investments in different accounts and treat them separately and diarise those as investments. . Don't mess with the ato. Get it right 1st time and learn what you need to do and either read to learn or pay to be told.