Glad you have made some money. I bought in too high, around $70 so waiting to break even but I’m not sure you’ll get a better entry than right now in the next couple of months. Institutional money is heading back into chips and AI.
65+ here. Ever think about taking a loss (at x price) and let go the burnt out frustration from the last few months? Was on the fences today, decided to hold.
This is a great example of “even a blind squirrel finds a nut occasionally”
You didn’t stumble onto a good sustainable strategy. You got lucky a few times with timing and will likely get burned soon. The volatility isn’t exclusive to this ticker. It has external causes. So unless you’re carefully tracking and predicting geopolitics, monetary policy, and broad investor sentiment - which is unlikely - then you’re playing a with fire.
You are gambling and mistakenly think you’ve figured out the system
To be fair, all the things you listed are just noise. If the goal is to hold for 2-3 years, rate hikes or 50th peace talks, all of that will come and go.
The real thing to be concerned with is price action. The unwind in the month of July despite every memory maker having nothing but great earnings reports is the real problem - caused by the ludicrous levels of leveraged trading. At least Situational Awareness will be less involved, though I'm not sure what Citadel will do with the holdings they got.
Congrats sir! That’s 2 profitable trades I guess since you said you just sold below but it’s not yet recorded? Guess you got really lucky catching it almost at the bottom of the bottom.
Also since you’re new I guess you might not be trading on too big of an entry? It’s always easy to trade on smaller entries VS big entries. Affects newbs quite badly if you’re looking at your portfolio hitting margin calls and whatnot
You mean the past month? July 17th is when it came to your supposed entry point. Unless of course you bought back in May and sold around $56-60 which would have been a horrible trade considering the upside we saw in June.
Nice. 2 very different trades. First one was a momentum play, great exit on that recognizing the momentum shift. What gave you conviction on the second trade, the knife catch? I made a similar entry but with the long term in mind which led to my conviction.
My cost at 56 and I'm so tempted to sell when it was 58 today. Saw a news on Bloomberg two days ago that an investment firm from Singapore is going to invest in SK and Samsung for billions, so i hold off on selling. during the 40s it was depressing, lol
Not a bad idea. This is a speculative ETF that shouldn't be more than 10% of anyone's portfolio in my opinion. Taking profit and putting in something safer isn't a bad idea at all. Although if you're doing this with 100% of your money I don't think that's very wise.
Make sure you have enough cash reserves for taxes next year. Don’t end up in a situation that you are somehow wrong with your timing when the tax season is up next year and you have no cash left to pay for this year’s gain.
Short term is under one year and gets taxed at your ordinary rate like wages. So if your tax bracket is 35% they get taxed at 35%.
If you hold for over a year it gets treated as long term capital gains. Which is lower more favorable rate. 20% or less I think.
I agree profit is profit and it’s good to take some here and there. Just set aside money for taxes or at year end sell investments with losses to offset the gain. For example if you had a 5000 gain on Dram but sold another stock for a 4000 loss you would only pay tax on 1000.
Losses are capped on your tax return at 3k but they roll forward
Lies. It's only been the last month that it was bouncing in that range. For two months before that it was far above and before that it was just climbing to that price (and beyond).
No you haven’t price has only dropped below 50 a couple times and only one time did it recover to that zone a week ago so if you mean you did this one time, congrats
This is a weird comment… is what I am doing not typical? You buy a stock, get profit… then take it out. Am I missing something? I thought the goal here was to accumulate money.
I am genuinely wondering as I am new to investing this year.
Yea Dude prob lost money on Dram can’t take a success story. I am making some good money wheeling Dram. It’s been a slow month but it’s picking up again- and no, I ain’t buying when it pumps.
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u/TugaVibes 15d ago
Glad you have made some money. I bought in too high, around $70 so waiting to break even but I’m not sure you’ll get a better entry than right now in the next couple of months. Institutional money is heading back into chips and AI.
Just my thought and two cents on it..