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Started By
Message
Anybody taking profits?
Posted on 11/9/24 at 8:49 am
Posted on 11/9/24 at 8:49 am
I started getting long bank stocks in the spring. Have sold part of the position and written out of the money calls on the rest.
Sold Amazon.
Any meaningful pullback and I''ll try and reload.
Sold Amazon.
Any meaningful pullback and I''ll try and reload.
Posted on 11/9/24 at 9:45 am to bigjoe1
Nope 6 more years then i will start to cash out.
With Trump in office why would you take profits? His 4 years in office the stock market rolleddddddddddddddddddddddd
With Trump in office why would you take profits? His 4 years in office the stock market rolleddddddddddddddddddddddd
Posted on 11/9/24 at 9:47 am to Double Oh
quote:
With Trump in office why would you take profits? His 4 years in office the stock market rolleddddddddddddddddddddddd
It rolled until it didn't. Remember the spring of 2020.
Posted on 11/9/24 at 10:01 am to bigjoe1
Well, COVID had something to do with 2020.
But, to answer your question. Hell no. Money is earning right now and like the other poster it’s going to grow for another 6-6 years for me.
But, to answer your question. Hell no. Money is earning right now and like the other poster it’s going to grow for another 6-6 years for me.
This post was edited on 11/9/24 at 10:03 am
Posted on 11/9/24 at 10:36 am to bigjoe1
quote:
Sold Amazon.
I had already sold at like 192. Did not look back.
I will be holding a few 2x etf and I own a lot of dividend etfs that are covered calls of stocks.
I mainly sell calls and puts.
Posted on 11/9/24 at 11:06 am to Double Oh
quote:
Nope 6 more years then i will start to cash out. With Trump in office why would you take profits? His 4 years in office the stock market rolleddddddddddddddddddddddd
Trump presided over two 20%+ peak to trough bear markets during his presidency. No one seems to remember 2018 that was driven heavily by tariff concerns.
Will be interesting this time around as Trump is taking on a very expensive market.
Posted on 11/9/24 at 12:59 pm to bigjoe1
I bought some more Amazon actually.
Posted on 11/9/24 at 4:53 pm to bigjoe1
I had some limit orders put in on some individual stocks and woke up Wednesday with several stocks being sold. Sold a few more through the week. Kept all my etfs and dividend stocks.
I’ll wait for the pull back and reinvest those profits…or use them to pay taxes more likely.
I’ll wait for the pull back and reinvest those profits…or use them to pay taxes more likely.

Posted on 11/9/24 at 5:48 pm to Double Oh
quote:
With Trump in office why would you take profits?
Depends on the stock.
If it's WAY up and there's a good deal out there you can sell a small fraction to get your initial investment back. Then the rest of it is effectively free and you can snag another bargain.
Posted on 11/9/24 at 8:33 pm to bigjoe1
46 and want to retire in 9. Heck no
Posted on 11/10/24 at 8:51 am to UltimaParadox
That stock market doesn't care about your politics graphic needs to be stickied in MT.
Posted on 11/10/24 at 3:41 pm to bigjoe1
quote:Some, but it's been a pretty big year, so I'm trying to hold off (on what might otherwise be sells) until January
Anybody taking profits?
Posted on 11/10/24 at 6:02 pm to UltimaParadox
Looks like it had an opinion for Bush 2 and Biden 

Posted on 11/10/24 at 6:21 pm to bigjoe1
quote:
I started getting long bank stocks in the spring. Have sold part of the position and written out of the money calls on the rest.
Sold Amazon.
Any meaningful pullback and I''ll try and reload.
Dont need the money now and dont feel like paying any taxes so im letting it ride another 5 years
Posted on 11/10/24 at 10:38 pm to Double Oh
quote:
Nope 6 more years then i will start to cash out. With Trump in office why would you take profits? His 4 years in office the stock market rolleddddddddddddddddddddddd
What energy stocks did you own during those four years? Some sectors did well with Trump in office some did not.
Posted on 11/10/24 at 10:40 pm to bigjoe1
I’ve been sitting on a lot of unrealized gains so I sold some stuff on Friday. Trimmed positions.
Posted on 11/10/24 at 11:37 pm to bigjoe1
I'm currently heavily invested in Bitcoin and Bitcoin related derivatives and ETFs. No way I am selling any of it in the foreseeable future as Bitcoin is likely entering a significant growth cycle over the upcoming months.
This post was edited on 11/11/24 at 12:06 am
Posted on 11/11/24 at 9:45 am to 98eagle
quote:
98eagle
I have other investments, but I like my dividend ETFs in my brokerage. Gotta give you major props on the heads up on BITO. It’s made me a lot of money this year.
Posted on 11/11/24 at 10:08 am to Motownsix
No energy stocks for me.
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