GL Brands Inc. (fka GRLB)

[Amac1001]

Let me ask you a question. Let’s say you’re in a stock short term and you sell your shares at $1 for $100k and it’s all profit and then it goes down to $.5 and you use the $100k to buy back twice as many shares and you say I’m great I doubled my shares for “free”. Isn’t that wrong because you’ll be taxed on the $100k and only keep $70k after tax so those additional shares really cost you $30k. Am I thinking of that right? Because I hear people say they got in and out of a stock and got more shares but aren’t you taxed every time you sell for a short term profit. Am I making sense?