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Yes, each security against the rest, not against your total income.
If you put $5k into Apple and $5k into Tesla and Tesla goes to $1k while Apple goes to $6k, you took a $3k loss and can’t claim that loss against anything else. All you can do is claim $1k worth of the Tesla loss against the $1k of Apple gain for a tax offset; the remaining $3k is just a loss, not tax deductible
Yes, each security against the rest, not against your total income.
If you put $5k into Apple and $5k into Tesla and Tesla goes to $1k while Apple goes to $6k, you took a $3k loss and can’t claim that loss against anything else. All you can do is claim $1k worth of the Tesla loss against the $1k of Apple gain for a tax offset; the remaining $3k is just a loss, not tax deductible
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