tuttigym
Schwab login is available but trading is slow.
The guy who started the meme thing made an appearance on Twitter and set all this off.
GameStop stock gains 110%, gets halted for volatility after 'Roaring Kitty' post
To have that kind of power. I wonder if he bot in long before tweeting?
Quote: MDawgQuote: Ace2You may be fine waiting 15 years to break even. I'm not
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I thought it was going to take 15 years for this market to come back?Quote: MDawgAnd meantime, the stock market is doing just fine and I expect that predictions of long term doom and gloom will be proven wrong.
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Ace2 was waiting for SPY 275? I guess his hands are still in his pocket...waiting, after he sold off in the 280s. He should stick to running the Tangiers. He doesn't understand the stock market.
Meantime, for the rest of us, Nasdaq hit another ATH! yesterday.
Quote: vegasBitcoin is now in the accumulating phase. This is the time to buy. It might reach say 34,000 but will also go down some and it will trade sideways all Fall and Winter so you will have time to add. The big move up in Bitcoin will come at the Bitcoin halving event which should be sometime in April 2024. This will begin the markup stage and when prices will start moving up. So if you buy in the fall or winter you will realize significant gains next spring and after the halving event.
That's what I believe will happen. Bitcoin between now and April 2024, 28,000 to 34,000 and then look for huge increases after April 2024
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Nailed it. It went up a bit early in March
See what today brings in terms of opportunity.
Long term, nothing to complain about!
Dips, and then buy'em! right back up.
Quote: MDawgHard to keep CMG down lately.
Dips, and then buy'em! right back up.
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I think McDonalds is regretting selling their stake in Chipolte
When bad news has hit CMG in the past, it has tanked mightily, but over the long term, it has flown.
Part of what's going on now is due to the announced 50 for 1 split, its first ever, which will happen June 25, 2024.
Quote: vegasYes Nvidia will be well over 1000$ per share
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Cha'Chings! galore.
I got busy with some other work, came back and saw it was at 1062! so I was typing up the order to short when it already fell to 1057. That was it for the day for me...but it dropped all the way back to about 1020 before recovering some. Now THAT would have been a Cha'Ching to write home about. Not that I would have held it all the way down, but at least for 20 pts or $20K easily.
NVDA looks solid. Congrats to the longs (not me) and successful traders (me). NVDA is one I never bot to hold, unfortunately.
Hi TuttiGym, so I suppose your philosophy would be - I should not have bothered with making all the money Cha'Ching! I have lately (and over the years) on trading because...of tax consequences? 🤔😂
Let's just stand around with our hands in our pockets because we don't want to get taxed.
Quote: MDawgNVDA on a tear lately.
Hi TuttiGym, so I suppose your philosophy would be - I should not have bothered with making all the money Cha'Ching! I have lately (and over the years) on trading because...of tax consequences? 🤔😂
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Do you track your trade gains vs the opportunity cost of having had the principal invested in your long term holds?
With NVDA I came to the party late and am just trading it.
But, yes, for example I have a different account I set up some time back in my wife's name only and in hers I just buy and hold. That account has done great without any trading.
Do I trade for just fun? For fun and profit? Probably both.
I also was trading NVDA in the low 800s a month ago. I can't say that it hasn't occurred to me (more than occurred) that if I had just held I'd be up 300 pts. I definitely did not clip 300 pts off those trades. But, when a stock ends up going sideways or drops a lot and I made money anyway going long, in those situations I did better trading versus having just held long.
But, if I am doing this right, that is exactly the way it should pan out for me, where the final order doesn't get filled. If I am doing it wrong, my final order will get filled, and the stock will end up dropping too far below that.
I am extremely conservative (and nimble) with my buy orders (or shorts, if I am doing that, which I do sometimes, but rarely compared to longs), and some days I get shut out for being too cheap and execute no trades at all. But I'd rather miss opportunities than end up stuck.
I also don't bother with mid run entries, if the stock is halfway between its low and high for the day, that's just guessing as to where it will go. Once the market day is in full swing, I'm looking for extreme entry points beyond the high for a short, beyond the low for a long, looking both today and in the recent past.
Another thing I do is tend to trade only very early in the market day. Stocks, especially the ones I trade, tend to have a lot of elasticity especially in those early hours, and are very forgiving for almost any entry point. Plus you have the whole day to recover if you do get stuck. Later in the day, less time to recover, and people might have by then given up on the stock and are not buying the dips as voraciously. As you get closer to the bell, it's just a coin flip as to which way it will close. I'm not doing this for coin flips, I have followed the stocks I trade for long enough to be able to predict how they will behave. Doesn't hurt that they keep hitting new ATHs too - so for the rare times I do get stuck, I switch from a day trade to a swing trade, and hold a bit, and might also average in. I haven't needed to average in in some time, all my trades have hit quite well quite quickly.
Quote: MDawgNVDA on a tear lately.
Hi TuttiGym, so I suppose your philosophy would be - I should not have bothered with making all the money Cha'Ching! I have lately (and over the years) on trading because...of tax consequences? 🤔😂
Let's just stand around with our hands in our pockets because we don't want to get taxed.
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No not all. However, it would seem to me that one such as yourself who is, I assume, self-employed would have a number of tax deferred IRA's or SEP's and trade within those parameters thus avoiding immediate and short term capital gains. Oh, well, such is life.
tuttigym
My focus in posts here is to discuss ways to make money.
Quote: MDawgI've never discussed what I am or am not doing tax wise.
My focus in posts here is to discuss ways to make money.
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"Making money" and keeping money made are different stories. If one loses $$ by not taking certain advantages, the "adventures" are incomplete and unreliable.
tuttigym
tuttigym
Takes a lot of buying power though to swing this @ 1000 shares, and be ready to average in more if necessary.
I got a (broken up) partial @ 700 then took a while before the other 300 were filled (also broken up). Trying to buy and sell 1000 sh of CMG is like a Mack Truck swinging into a traffic laden freeway lane.
The cross symbol indicates partial fills.