Yeah taxes can be a bitch but its basically taxed as regular income if sold within a year, less if over a year, I think 15%, it's been awhile since I've had to pay capital gains unfortunately, someone correct me if I'm way off here.
If you don't have L2 yet I strongly suggest you get it. I finally know what the hell Joey is talking about all day lol. I've also been reading a lot of articles on ClayTraders site, and will probably join. Also bought my first charting book, Stikky Charts, it's really basic stuff but good place for me to start since that stuff is all Greek to me lol