Originally Posted by lewdog:
See if it supports $3 for awhile and then just stop loss it there if it does. Hopefully it climbs and you can sell at a higher price.
How many shares do you have?
I wish much more than I do but since I have never traded before and was just bored during lockdown I opened an etrade account with some play money. I believe I only bought about 3 or 500 shares when it was just around $1 or so. I also bought some AAL at $9, OXY, MRO.......but again just pocket change to have some fun. This is why I am not terribly nervous about holding or not.....not enough skin in the game lol... [Reply]
I've got the Jack. I bought into a subscription that picks the stocks and the terms so all I do is execute the trade. They have an over 90% hit rate so we'll see how it goes. I feel good about it. [Reply]
Originally Posted by philfree:
I've got the Jack. I bought into a subscription that picks the stocks and the terms so all I do is execute the trade. They have an over 90% hit rate so we'll see how it goes. I feel good about it.
Interesting. Options can be useful.
Care to share the stock you’ve sold options on? [Reply]
Originally Posted by Discuss Thrower:
I mean if you ever get 14%+ on any position in a relatively short holding period then it's in your interest GTFO and collect profit.
Originally Posted by Discuss Thrower:
I mean if you ever get 14%+ on any position in a relatively short holding period then it's in your interest GTFO and collect profit.
^^^scared pussy thinks S&P500 is hitting 140. [Reply]
Originally Posted by Discuss Thrower:
I mean if you ever get 14%+ on any position in a relatively short holding period then it's in your interest GTFO and collect profit.
I'd rather go higher, depends on the stock and circumstances but generally it needs to get higher then that. [Reply]
It may be too late to get into it now, but I have a stock called EDUC that has been spiking for the past couple of weeks. They make children's books, and just put out a stupendous earnings report.
I've had them for about 4 or 5 years. I bought it and it immediately went up 20 percent, but I didn't sell it because I didn't want to pay short term capital gains. That was kind of a mistake because it started a two year decline where it lost 50 percent. I bought more of it on the way down until I had a fair amount of it, and then it started climbing after the shutdown. It's been spiking up the past week or so, and now I've got a really nice profit on it. It's inadvertently become one of my larger holdings now.
With the shutdown and school situation, it may keep going up.
Disclosure: I have a personal stake in this stock. [Reply]
