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re: Anybody taking profits?
Posted on 11/11/24 at 11:12 am to slackster
Posted on 11/11/24 at 11:12 am to slackster
quote:this
Will be interesting this time around as Trump is taking on a very expensive market.
i bought SHOP at 34.80...it has nearly tripled since. its up 5% today. earnings are tomorrow morning. SHOP is incredibly & magnificently overvalued relative to its peers.
this market is way overheated and logically theres nowhere to go but down
Posted on 11/11/24 at 10:24 pm to bigjoe1
Yes
My covered calls are getting exercised heavily.
I don't see anything I want to buy.
I have a few stocks I likely will keep
200 shares MSFT
1500 shares PLTR
5000 shares SOFI
Rest will just go to cash for a bit.
My covered calls are getting exercised heavily.
I don't see anything I want to buy.
I have a few stocks I likely will keep
200 shares MSFT
1500 shares PLTR
5000 shares SOFI
Rest will just go to cash for a bit.
Posted on 11/12/24 at 7:23 am to cgrand
quote:+15% after earnings premarket
SHOP
yeehaw
now would be a good time to take profits if I had any sense. Whether I do or not is another matter
Posted on 11/12/24 at 9:08 am to slackster
Just took profits on dutch brothers and Honeywell.... Not sure where to put that money though since everything is so expensive.
Posted on 11/12/24 at 9:29 am to 632627
quote:the seller's conundrum
Not sure where to put that money though since everything is so expensive.
Posted on 11/12/24 at 9:41 am to bigjoe1
Sold half my position in TSLA yesterday. Letting the other half ride the wave on out for a bit
Probably sitting on that cash for a little to see if there are any dips somewhere between now and end of year
Probably sitting on that cash for a little to see if there are any dips somewhere between now and end of year
Posted on 11/12/24 at 8:32 pm to UltimaParadox
Clinton years were amazing
Posted on 11/12/24 at 9:24 pm to bigjoe1
I think we’ll have a correction soon. No reason to run for the hills
Posted on 11/12/24 at 10:12 pm to DarthRebel
quote:
Looks like it had an opinion for Bush 2 and Biden
You need to re read the chart. That says through June 2023. At the end of June 2023 the S&P was at 4400. Before the election on November 1st it closed at 5995. Up 36% since June 2023 to Nov 1st 2024.
Again, the market doesn't care over time
Posted on 11/13/24 at 8:02 am to bigjoe1
quote:
Anybody taking profits?
Once we hit mid-80s I considered cashing out a small bit just to recoup some of what I've put in and make a small bit, but then thought...why? All I'd want to do it just buy more BTC but at double what I paid originally lol
My car is 13 years old so I think that within the next ~2 years I'll need to get a new one, so my plan is to just keep holding on until then then cash out a bit.
Posted on 11/13/24 at 12:47 pm to bigjoe1
I take profits and invest them into my down investments every 2 weeks.
Posted on 11/13/24 at 1:59 pm to bigjoe1
Would be tempted if something can be done with capital gains tax 

Posted on 11/13/24 at 2:17 pm to lgtiger
I took profits on RKLB this morning so that the rest of my shares are house money.
Posted on 11/14/24 at 7:40 am to notsince98
quote:selling winners to feed losers? That’s a good way to go broke
I take profits and invest them into my down investments every 2 weeks.
Posted on 11/14/24 at 9:41 am to cgrand
quote:
selling winners to feed losers? That’s a good way to go broke
It is selling high and buying low. It has worked very well for the last 10+ years. you might also call it "rebalancing." Tons of articles/studies out there on the effectiveness of regular rebalancing.
This post was edited on 11/14/24 at 9:42 am
Posted on 11/14/24 at 11:28 am to notsince98
hmmm…well I “rebalance” by selling my (many) losers and using the proceeds to either feed a winner at a dip or try and find another one. I’m not sure I agree that a sound investment strategy would or should include buying more of a stock that has already proven itself as unprofitable.
to wit: “I lowered my cost basis”
no you didn’t…you bought another lot at a lower price
to wit: “I lowered my cost basis”
no you didn’t…you bought another lot at a lower price
Posted on 11/14/24 at 11:43 am to cgrand
If he's buying more KO because it's dipped 10% from the high, then he certainly won't go broke.
Now if he's loading up on spirit....
Now if he's loading up on spirit....
Posted on 11/14/24 at 1:52 pm to bigjoe1
Took a little off he top on the SLI bump, thank god I did... almost did with Tesla, wish i would have
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