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01-09-2021, 07:54 PM | #6646 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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What?
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Posts: 57,708
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01-09-2021, 07:58 PM | #6647 |
I'll be back.
Join Date: Nov 2002
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Posts: 286,059
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1 0 |
01-09-2021, 08:21 PM | #6648 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
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Tesla has been on fire lately.
Three weeks ago, it was around $620. Now it's at $880. |
Posts: 23,025
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01-10-2021, 10:13 AM | #6649 |
Fish are scared of me
Join Date: Nov 2001
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This guy may have found a gem. (IFNNY)
You can skip to around 3:00 to miss some of the intro crap |
Posts: 40,779
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01-10-2021, 11:11 AM | #6650 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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01-10-2021, 03:32 PM | #6651 |
Fish are scared of me
Join Date: Nov 2001
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Lots of hype on penny stock (ZOM) .49
Could be a quick play but I think it runs up huge in Premarket though. up 85% right now. I guess Robinhood allows you to start premarket trading earlier than etrade because it had already run up 50% by the time I could have bought in. Last edited by Hog's Gone Fishin; 01-11-2021 at 10:10 AM.. |
Posts: 40,779
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01-10-2021, 10:17 PM | #6652 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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Get a self directed ira and do your trading there. I can't believe people don't do this.
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Posts: 17,387
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01-10-2021, 10:19 PM | #6653 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,708
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01-10-2021, 10:29 PM | #6654 |
MVP
Join Date: Oct 2017
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Posts: 7,373
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01-10-2021, 10:31 PM | #6655 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
I find this a little confusing because I always hear that people sell some losses in December to get the tax writeoff. So maybe the difference is that people just move money from one stock to another so it makes no difference in the overall market. As for me, I'll ponder selling some losers toward the end of the year, but I'm usually doing that over the course of the year anyway so it's not a different pattern for me than normal. |
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Posts: 142,668
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01-11-2021, 07:34 AM | #6656 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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NIO off and running. Personally my strategy is as follows.
I am swing trading stocks, holding a few days to a few months depending on how they move. My goal in this extended market is to find stocks on breakout and get 10-20% gains and limit losses to 5-10%. This allows me to only have to be only right 50% of the time and still make profit and grow my account size. NIO is up 20% for me in a few weeks. I will sell 50% of my position this morning and put the rest of the shares with a stop market loss at Friday's high of $59. This will guarantee me a nice profit and avoid downside risk and capital loss, which I need to make more trades on stocks breaking out. This book has revamped my thinking on individual stock investing. I recommend it highly. https://www.amazon.com/Think-Trade-L...s%2C221&sr=8-5 Long term investing in my 401k and IRAs is a much different story. I simply rebalance 1-2x per year and don't do any of this. |
Posts: 46,067
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01-11-2021, 07:36 AM | #6657 |
I'll be back.
Join Date: Nov 2002
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****. Knew I should have bought last week.
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Posts: 286,059
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01-11-2021, 07:41 AM | #6658 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,708
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01-11-2021, 07:45 AM | #6659 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
It’s so simple how he explains things. I just read it and it’s absolutely changed my perspective on buying individual stocks but maintaining capital with risk management strategies. It’s simple math. Last edited by lewdog; 01-11-2021 at 07:50 AM.. |
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Posts: 46,067
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01-11-2021, 07:46 AM | #6660 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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BNTX is my next move.
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Posts: 46,067
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