• The SH Membership has gone live. Only SH Members have access to post in the classifieds. All members can view the classifieds. Starting in 2020 only SH Members will be admitted to the annual hunting contest. Current members will need to follow these steps to upgrade: 1. Click on your username 2. Click on Account upgrades 3. Choose SH Member and purchase.
  • We've been working hard the past few weeks to come up with some big changes to our vendor policies to meet the changing needs of our community. Please see the new vendor rules here: Vendor Access Area Rules

Stock Trading

Status
Not open for further replies.
I got into some QS yesterday. doing really well 24 hours later. :sunglasses:

hopefully it keeps up.
 
DMTJAGER said:
Everybody in the stock market LOVES to bost about the big $$$$$$ they make
Most never talk about when or how often they get hosed and most in commodities get hosed
Click to expand...
I agree with you. If you bet big and win, it is almost guaranteed you will lose big. I got hosed several times in the past 40 years. I don't like it. Any quick, big score I ever made, I lost in the next year. I mostly made money by saving 10% always in a retirement account and sometimes being in the market.
 
DMTJAGER said:
Everybody in the stock market LOVES to bost about the big $$$$$$ they make
Most never talk about when or how often they get hosed and most in commodities get hosed
Click to expand...

people definitely get hosed sometimes. I've been fortunate and despite losing some money. I'm still well above positive overall. Also, I like buying and holding. So really it isn't a loss until you sell it and unless the company goes bankrupt (I've only had one of those) it will eventually go up.
 
Bought into long swing dope plays today. Ipoc eqos looking fat l...and in with a good entry on thbr

Sent from my SM-G970U using Tapatalk
 
DMTJAGER said:
Everybody in the stock market LOVES to bost about the big $$$$$$ they make
Most never talk about when or how often they get hosed and most in commodities get hosed
Click to expand...

Getting hosed on my QS today. but going to hold :grimacing:
 
Order to buy 100 WMT@145.15. Stop 143.15. Limit sell 150.00.
Current price 146.50.
 
Been doing really well the last year trading, built up a sizable trading account outside of my retirement account.

been some real bargains lately for those looking for dividend stocks.

I have two trading platforms I use fidelity and Robinhood (Robinhood I use only for options and crypto)
Fidelity I “day trade” half my portfolio and the other half I use to build up those dividend stocks that show history of dividend payout and increases

I use to hold too long and often missed my opportunities to sell, decided to take profits more often and it’s done well for me.
It was hard for me when I first started with say $1000 and be happy with making $50 so I wouldn’t sell now I look at it all as a % of gain take my profit and find the next % hit for the day or two in the future.

now my play account has grown to $48k something I would of only dreamed of a couple years ago

so moral of the story you haven’t made anything until you take your profits lol

also def not trading advice as I’m a novice
 
Boomah21 said:
I use to hold too long and often missed my opportunities to sell, decided to take profits more often and it’s done well for me.
It was hard for me when I first started with say $1000 and be happy with making $50 so I wouldn’t sell now I look at it all as a % of gain take my profit and find the next % hit for the day or two in the future.
Click to expand...

Just curious if you have a set % gain you are looking at before selling?

I'm on the fence about selling my Tesla, was holding off until 2021 to avoid more capitol gains for last year. Now I'm just trying to not bail too early.
 
Gator said:
Just curious if you have a set % gain you are looking at before selling?

I'm on the fence about selling my Tesla, was holding off until 2021 to avoid more capitol gains for last year. Now I'm just trying to not bail too early.
Click to expand...

great question with a lot of diff answers.

I will start by saying I was way wrong on Tesla I bought and sold awhile ago made a good profit but not anywhere what I should of made bc I sold too soon. That stock blows me away lol

I do play a lot of positions in the $2000-$4000 range and typically sell from 10%-50%

what I do is if I have something really pop I watch it almost all day long and put in stoploss and adjust that as it climbs in the day. If it starts to fizzle out of its above my 10% I sell...if it keeps its momentum and has volume I will keep it into the next trading days.

I will also often sell then rebuy back in during a pullback as others take profits.

as far as taxes go I would tell you this is def the importance of having a good relationship with your accountant and a broker...lots of tax shelters out there...I however am far from the person to ask on that.
 
Gator said:
Just curious if you have a set % gain you are looking at before selling?

I'm on the fence about selling my Tesla, was holding off until 2021 to avoid more capitol gains for last year. Now I'm just trying to not bail too early.
Click to expand...

I feel you on this. I'm up 565% on Tesla. I'm thinking of selling half of my position. But worried I'll just buy some loser stock with the money anyway.
 
GreginPA said:
I feel you on this. I'm up 565% on Tesla. I'm thinking of selling half of my position. But worried I'll just buy some loser stock with the money anyway.
Click to expand...

565% dang nice job! Hope it was a decent position.

I would tell ya if u do sell don’t feel u need to buy right away...I feel like a lot of people jump into random stocks and or are in too early too late because they feel like their money has to be in a stock at all times
 
GreginPA said:
I feel you on this. I'm up 565% on Tesla. I'm thinking of selling half of my position. But worried I'll just buy some loser stock with the money anyway.
Click to expand...
If you are young, I would hold the Tesla especially if you can forget about it. I had $1700 of MSFT in 1990 which I sold in 1990. I could have easily just forgot about it and it would be worth $389,000 today, not including dividends. Of course MSFT, was not a sure thing in 1990. Tesla seems like it has a great future as long as Elon is in charge and the government doesn't interfere.
 
GreginPA said:
I feel you on this. I'm up 565% on Tesla. I'm thinking of selling half of my position. But worried I'll just buy some loser stock with the money anyway.
Click to expand...
That's awesome! I wish I threw money at it back in March instead of so many blue chips. At the time it felt safe, though, dipping into the market for the first time. I'm still up 155% on 15 shares. Super happy about that. If there's a dip I'll likely add to my position.
 
Status
Not open for further replies.
Back
Top