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My company allows us to have daily access to our 401k. I have been buying and selling my company's stock about 5 times in the past 8 months and have made over $35k, more than doubling my 401k.

Are there any unforseen tax implications to this practice? I have watched the stock daily for over 9 years and feel comfortable playing this market as we have fairly regular fluctuations, a bank. I have held anywhere from 8 days (12.9% return) to as much as 5 months (42.3%) return. I am 35, and am about 15 to 20 years from retirement, so I have plenty of time to wait out a downturn in the stock if it happens.
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