It's a swing trade. I'll be out and back in before earnings. But, you never know...I sat in UAL for 10 days. That's really rare for me though. Yeah, I'm with you, as I considered TSLA too....was kicking myself yesterday...
Yeah, I think that sounds perfect for AAPL, and definitely agree with you on trades - I haven't been holding anything too long lately either. I'll definitely try to share anything good I come across. I have still been slowly making boring plays on NOK but with the float it's a snails pace - with that said, I do wish I stayed trading $X...
I think saitou/adoo/plowman/dr (well everyone, haha) - definitely have better advice than me, but personally I am with saitou on just buying calls to move on momentum, with the current market I don't like writing contracts even if they're covered. That obviously will change and if it becomes less choppy - I am sometimes more interested in selling puts if it's a stock I really want to own, you just have to be careful selling calls (especially naked) or puts with all the virus speculation as it can really impact things quickly - depending on the sector
Man look at these algorithms gooooo. Mass sellsoffs. So blatant. We'll be bled slow like this for the next 18 months.
If you rake in $1m + in cap gains then yep. But anyways, Biden is probably going to destroy the market lol. Buy a ton of gov't defense and wait around.
Basically removing the benefit of holding for long term capital gains and will make it taxed the same as short term. If I did have that kind of money I wouldn't sell any of my long term bags and just wait to see if someone else gets voted in next term that would drop the rate back down to 15%. Wonder what this will do for the new crypto millionaires when they try to cash out this year? Having to pay 43% compared to 20% will hurt. Better HODL.
They don't have the votes even if Manchin and Sinema voted yes. The senators in the Northeast and West Coast aren't voting for 43% capital gains. Basically every senator that represents wealthy constituencies with high capital gains (think silicon valley developers sitting on huge piles of stock options for example or people with multiple homes) aren't going to vote for this. Biden is just starting at a high number as a starting point for a negotiation on capital gains tax reform. Not to mention the Majority Leader of the Senate represents New York City. Zero chance Schumer even allows this onto the floor of the Senate.
I would imagine the Biden admin is starting high, just like with it's corporate tax rate increase and it's ambitious legislative price tags.
Yes. And it's not like he didn't say he was going to try and jack up capital gains on the rich long ago. No telling if this will pass, but I doubt it's going to pass on its initial form, whatever that may be since we don't even really know that yet.
Thanks, but I dumped it all after hours on the short covering @132.10 I'm thinking we open down tomorrow and I'd like to be on the sidelines...looking for opportunities rather than riding a rollercoaster.
i participate in the stock/options market to make $, regardless of the capital gain tax rates. I've benefitted immensely from the training classes provided by my broker. besides options strategies, the most valuable lesson i've learned from Schwab traders has been if you're too fixated on the tax man, you tend to lose track of the fundamental / momentum attendant to the stocks you own, and may end up losing a lot more than the amount you attempt to avoid paying the tax man. so, concentrate on the fundamental/technical/valuation data btw, a higher capital gain tax provides more incentive to own high dividend-yielding stocks. agree
Any views on lumn? 7+% yield, burry's biggest position in latest fillings. Big debt and declining revenues, tho the current dividend looks safe. Potential for rerate?
kinda like T, which i have in my core porfolio. T and lumn are, effectively, bonds. but technically, lumn looks good. a MACD cross-over candidate; 1.5 wks before ERS and ~ 1.5 mo before the next X-Div on early Jun IV on options is relatively himay sell a bullish put spread goin into X-div if you want a relatively high-yield stock, that actually has growth potential. try IBM
Futu popped on blowout 4Q, then tanked on capital raise @ $130 per share. Since then, does it count as 2 dojis? Reversal back to uptrend? https://ir.futuholdings.com/static-files/717f412b-f92d-426c-9c5e-152c050a259d What I can see here is that they are serious about expansion in singapore, huge ads plastered around train stations.
consecutive days of dojis, one can infer that there is a long hesitation among traders. Reversal back to uptrend? a long hesitation on declining volume. in my books, a trend reversal signal. btw, NET is also having a nice pop today, breaking out of the most recent down trend
thank you! for saas, i'm keeping an eye on OKTA. ark has been piling in after a long pause, analysts seem upbeat on their recent acquisition. looks like recent momentum may be stalling, if it falls back down may be worth a closer look.
