UK Taxes

Ok, I've searched the forums andthe net, including the HMRC site, but can't seem to find an answer.

Isuppose that every transaction has to be declared to be taxed, so how does a day trader do it?

For now I am paper trading and open and close about 10 positions each day, that would mean that just in a month you would end up with about 200 items to be individually declared (loss or gain). How do you keep track of such a huge amount of numbers it for over a year?

Or am I completely wrong here?

You just take the net gain or loss over the whole year and that is all you need to declare.

Trader333 said:

You just take the net gain or loss over the whole year and that is all you need to declare.

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Thank you, you have been most helpful.