Investing General Discussion

Blazin

Creative Title
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If they can close it above 4650 keeps bulls in control and could easily head back to 4700 next week. We are right at the key level to keep momentum.

Bears would want below 4600 which don't see that happening in next 11 mins
 
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Sanrith Descartes

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Its funny, you can watch the short sale on SPIR in play. Each day the SSR is activated (short sale restriction from opening 10% down from previous day) the stock moves up solidly. As soon as the SSR is lifted... boom shorted right back down.
 
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Il_Duce Lightning Lord Rule

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On "average" a solid low beta industrial value stock can turn 10%+ appreciation a year with dividends reinvested. I like to flip them around 15% with an assumption of 3-4 months of hold time. This flip I was in just under $350 and out at $403 plus I bagged a $1.57 dividend. Depending on how long it takes for the downward shift I would look at the $345 - $360 ballpark depending on market conditions at the time.

View attachment 392971
I set a couple of alerts in Fidelity to fire off emails at 360 and 352. We'll see how it goes:emoji_thumbsup:
 
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Il_Duce Lightning Lord Rule

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Oh, and for disclosure/ridicule purposes: bought some MSFT (I didn't have any, have FTEC though) @ 309.89. Not the best price today, but it's close enough to the 100D (and it's only a few shares, I'm a small fish) that I hope it doesn't make much difference.
 
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Sanrith Descartes

Veteran of a thousand threadban wars
<Aristocrat╭ರ_•́>
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Oh, and for disclosure/ridicule purposes: bought some MSFT (I didn't have any, have FTEC though) @ 309.89. Not the best price today, but it's close enough to the 100D (and it's only a few shares, I'm a small fish) that I hope it doesn't make much difference.
Just ignore it for the next 20 or 30 years and let it do its thing.
 

Tmac

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LOL

Capture2.jpg
 
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Tmac

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Oh my son, if you only knew what I had to eat at the end of Dec to tax loss harvest...

But I'm down 8% :(

My ROTH and SEP are both +15 and +13 respectively. I think I might be an index investor!
 
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Fogel

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But I'm down 8% :(

My ROTH and SEP are both +15 and +13 respectively. I think I might be an index investor!

How long have you been actively trading? It's a learning process. That's why its important to start small while the bulk of your stuff is in indexes
 
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Tmac

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How long have you been actively trading? It's a learning process. That's why its important to start small while the bulk of your stuff is in indexes

Like June of 2021, lol. And I'm not an active trader. I'd rather eat a loss and wait 20 years to see a return than have to pay taxes.
 

Fogel

Mr. Poopybutthole
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Like June of 2021, lol. And I'm not an active trader. I'd rather eat a loss and wait 20 years to see a return than have to pay taxes.

Ok, active investor. Well if thats the case, you just need more time and data. Keep in mind that even though the indexes are okay, they're only propped up by the big boys. Something like 50% of the nasdaq is trading at 52 week lows

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Locnar

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We demands to see the loss porn!

Put it this way, I ended the year canceling out all my gains from the first few months of 2021 and being down 10k or so after that. Why did I continue to take the loss after canceling out all my short (and long) term 2021 gains? Because I read you can apply 3k a year to your regular (work) income too and carry it forward.

I think I was down something like 11 percent for the year, while the S/P was up what? 22 percent? Horrible, and its because I miscalculated travel plays and (because of early year success) kept chasing reddit meme stocks.

Oh, and I was heavy into margin so did not have the luxury to just keep waiting forever.
 
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