All good. On the positive you get to write off some tax or carry...

All good. On the positive you get to write off some tax or carry some tax losses forward if you had a bad year.
As long as you learn from it and don't give up then you will have a much better result year after year..
But what do I know I've only been trading 13 months and bought my dream Porsche. Next is a cash business and then an investment property.. Set goals and reward yourself when you do well but learn from your mistakes coz it makes you smarter and hungrier! I lost a bucket of money in my first three months on the ASX. I'm just glad I didn't give up.