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re: What is your philosophy on taking short term gains on stocks?
Posted on 8/26/22 at 8:51 am to Bjorn Cyborg
Posted on 8/26/22 at 8:51 am to Bjorn Cyborg
quote:
Like if you buy a potential long-term hold, and your investment goes up $1,000 or more in one day, do you take a quick profit?
Profits from stocks held less than a year get taxed as ordinary income. After a year you get a discount as long term capital gains.
0
Posted on 8/26/22 at 4:40 pm to keakar
quote:
long term should only be a single part of your investment portfolio and not your only strategy
lolwut
Posted on 8/26/22 at 7:28 pm to Bjorn Cyborg
As a general rule, if it doubles I sell half to recoup my investment. You can then decide if you want to let it run or cash out. Depends on what you expect from the stock long term. If you lose a big gain waiting for one year to pay lower capital gains, what was the point? I prefer to play with house money.
Posted on 8/26/22 at 8:41 pm to Bjorn Cyborg
Depends on the stock. If it’s a new stock that I believe will grow big and I got in cheap, no.
If it’s a stock where it got a short squeeze or a blue chip that jumps up due to a good earnings report or something, then I may cash out.
Nothing is cut and dry. Depends on a lot of factors. Right now I’m not even playing stocks other than long term holds because it’s not a very favorable environment
If it’s a stock where it got a short squeeze or a blue chip that jumps up due to a good earnings report or something, then I may cash out.
Nothing is cut and dry. Depends on a lot of factors. Right now I’m not even playing stocks other than long term holds because it’s not a very favorable environment
Posted on 8/26/22 at 9:21 pm to Bjorn Cyborg
If it moons, sell enough to get my money back and keep the rest. It's free at that point.0
Posted on 8/26/22 at 9:22 pm to Bjorn Cyborg
Better than long term losses. Just watch out for wash rule
Posted on 8/27/22 at 8:57 am to Bjorn Cyborg
I mainly swing trade so I always have a price target zone I’m planning on selling at and it’s usually all short term gains.
Sometimes it’s a shorter 10% play and other times it’s a longer swing where I want at least 50%. It just depends on which stock I’m playing and the technical/fundamental setup.
If I like something for a long-term hold then I will still usually trade around a core position to take advantage of the pops while still keeping cost basis in mind.
Sometimes it’s a shorter 10% play and other times it’s a longer swing where I want at least 50%. It just depends on which stock I’m playing and the technical/fundamental setup.
If I like something for a long-term hold then I will still usually trade around a core position to take advantage of the pops while still keeping cost basis in mind.
Posted on 8/27/22 at 9:57 am to keakar
quote:Well no fricking shite, nostradamus.
you can make 10x more by buying the dips and selling the highs then you ever will do by just holding everything long term
Just let us know when those peaks and valleys are.
Reality is people selling at the "top" are also likely to not buy back in soon enough, expecting a lower low.
Posted on 8/27/22 at 5:54 pm to Bjorn Cyborg
Depends on if I think the stock can grow even more over the long term. And typically a short term pump only helps solidify that thinking.
With that said, if a stock 5x'd or more on me in 6 months, then yea I'm probably going to take some profits.
With that said, if a stock 5x'd or more on me in 6 months, then yea I'm probably going to take some profits.
Posted on 8/27/22 at 7:37 pm to Bjorn Cyborg
I never let taxes impact my decision to hold or not.
Maybe if I was on day 363 and up huge but I've never run into that situation.
Maybe if I was on day 363 and up huge but I've never run into that situation.
This post was edited on 8/27/22 at 7:39 pm
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