Originally Posted by wheeler08:
How long are we on NIO? Is this something we think is worth holding for years? I have $2500 in it, should I sell off some blue chip and add more?
I'm very close to cutting my losses on NAK and GNUS, taking that money and just riding NIO for a long time. [Reply]
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. [Reply]
Originally Posted by KCUnited:
Can someone explain, in an average CPer level lingo, year end tax strategy on investments?
I keep reading about markets being down at year end due to profit taking or other strategic sell offs and would like to better understand.
I hear stuff about seasonal patterns, but they never seem to match reality. This link shows average returns by month, and December is actually the best month: https://www.investopedia.com/day-tra...-trade-stocks/
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. [Reply]
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.
Originally Posted by lewdog:
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.
Originally Posted by Buehler445:
Can't you do something in an audiobook? I haven't read a physical book in a hell of a long time.
SUPER EASY read. I haven’t read a full book in years before this. Took like 4 hours.
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. [Reply]