Board 8 > Stock Topic 21

(+) Yeah! (+)

red sox 777 posted...

Yeah, I'm pretty convinced the free market is going to end the global warming problem on Earth, not government or international regulations. Once the cost of green energy gets below the cost of fossil fuel extraction, we are looking at a whale oil level extinction event for fossil fuels.

Would still need to implement it across the world. Even if a successful fusion reactor was built today you are still talking decades if not centuries for everyone to get it. Oil is cheap to move around. Batteries not so much

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Sunroof posted...

Blur, for a guy who went from rags to not-even-riches, you sure are arrogant

That was a little dickish, but I just want to help you make more money. You have so much and could be doing big things with it

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I set my AVTCW limit but it hasnt hit. And such a small percentage of stocks go up over even 20%, its unrealistic to expect nothing but triple digit gains. You shouldnt condemn people for being happy about less.

With that being said, Im making more of an effort to invest in the potential big stocks. Im keeping an ear for what this topic mentions.

Jakyl25 posted...

Well its probably already too late for that to happen so oh well

Lock up that Orlando future beach front property to leave to your kids

Don't really want to get too political in this topic, but I am much more concerned about things such as plastic and mercury pollution than actual warming. If we ever got to this point it would actually be relatively easy to artificially cool the globe by building a machine to do it. The reason nobody has done it is you are risking the entire planet in the hands of someone and we don't have the world unity to do it collectively. I think if we ever got to orlando beach territory humanity would go for it

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Sunroof posted...

I set my AVTCW limit but it hasnt hit. And such a small percentage of stocks go up over even 20%, its unrealistic to expect nothing but triple digit gains. You shouldnt condemn people for being happy about less.

With that being said, Im making more of an effort to invest in the potential big stocks. Im keeping an ear for what this topic mentions.

Yeah, honestly if you're happy and making money, don't let anyone's teasing get to you. You're still making profit.

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Dont get me wrong, I definitely want the big gains too. I just dont see them being mentioned a lot on here. Thats why I asked you about AVCTW and MGSMW or whatever it was. Im trying to get more skin in the game.

Higher returns are by definition correlated with higher risk otherwise everyone would be doing them.

Just because if we all walked into a casino and bet our life savings on roulette 45% of us would double our savings doesn't make it a good idea

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Of course. Unless Im missing the blatant posts talking about stocks that go up 100%+ the next few days, I dont think Im being overly safe like I used to.

Jakyl25 posted...

Well its probably already too late for that to happen so oh well

Lock up that Orlando future beach front property to leave to your kids

Once this gets going the transformation can happen in just a few years. It can happen much faster than any of the models being put out by climate scientists. I think we are very close. The market is acting that way at least (with Tesla basically being comparable in value to all other car manufacturers combined).

https://en.wikipedia.org/wiki/Whale_oil#/media/File:US_Whale_Oil_and_Sperm_Oil_Imports_(1805-1905).jpg

Notice the 80% decline over a 10 year period. This is why I haven't invested in BP (otherwise it would be screaming buy to me). I believe.

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FWIW, SHOP still has its earnings on 2/17. I only sold it because I was up 12% and wanted to make room for a potential AVCTW purchase. I reckon this stock will annihilate expectations.

Sunroof posted...

Of course. Unless Im missing the blatant posts talking about stocks that go up 100%+ the next few days, I dont think Im being overly safe like I used to.

Well, you should also stop looking for "100% in days" type of stocks. ENZC and AMC were fun and all, but getting in on those regularly is unrealistic.

Warrants on a company you've done your research on are not quite equivalent to that kind of risk. Doing 200-500% over a year or so, often slowly and without much real volatility, is not the same as trading penny stocks of worthless companies that 2x one day and -5x the next.

I'm just saying, 4 stocks on my watch list today had over 25% gains, and that's just today. I'm fully comfortable trading these kinds of companies. Even then, I'm diversified enough in my warrant investments now that if some go down the toilet, I'll be fine.

I am making AVCTW about 50% of my portfolio though before liftoff. That stuff I get if other people don't want to follow suit on. But you can trade warrants pretty conservatively and comfortably, imho, if you've done research on the company, position size moderately, and diversify warrant investments. You can still enjoy huge gains over time without exposure to crazy risks like gambling on penny stonks.

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Okay. I thought you were referring to triple digit gains in under a week as your baseline. I am definitely on board for double digit gains throughout a week or month though!

Sunroof posted...

Okay. I thought you were referring to triple digit gains in under a week as your baseline. I am definitely on board for double digit gains throughout a week or month though!

Even that is too small of a time frame imho. Possibly not with AVCTW right now - I really think they wouldn't do their first call ever without having stuff to talk about - but normally it's hard to give time frames for when stuff moves. Unless I'm doing a social arbitrage trade where I want to get in on some hyped stock super early, I'd rather pick companies I'm comfortable going long on if I'm shooting for huge gains (to an extent, both ENZC and AMC have decent bull cases too, so that helped me be comfortable going big in both). But yeah, if I research a company and know, with as much certainty as is possible in the market, that I hold something valuable long term, I can ignore the noise of the market and the day traders short term. I think this is the smartest way for long term gains, without exposing yourself to crazy risks. Then there's also Lopen's strategy of selling covered calls (and reinvesting that into leaps and whatnot) that limit exposure to risk too. There are definitely strategies out there for good gains without basically gambling!

Just gotta run every scenario in you're head though and always prepare for the worst. If AVCTW gets cut in half it will suck, but it's worth the risk for me when I'm comfortable holding very long term, and the warrants hitting 7 to 10 eventually is not particularly unrealistic.

E: Also I was swing trading weed and green energy stocks instead of going long on them last month, so I'd be full of shit if I said it's easy to not just take profits when you have them. Naturally they are all way, way higher than where I sold them though!

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Gonna set a Limit buy for BMBL at $40 tomorrow. That should be an auto execute for whenever it opens, since theres no way of knowing.

Anyone know how much more you pay in taxes day trading versus holding for a year?

Sunroof posted...

Anyone know how much more you pay in taxes day trading versus holding for a year?

Wouldn't that be short term capital gains versus long term capital gains?

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https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capital-gain-tax-rates.asp

• Short-term capital gains result from selling capital assets owned for one year or less and are taxed as regular income.
• Long-term capital gains result from selling capital assets owned for more than one year and are subject to tax of 0%, 15%, or 20%

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Yeah. It's the difference between the short term capital gains and long term capital gains tax rate. I'm happy to report that getting on the phone with my broker last week likely saved me a few hundred dollars. When I was selling some SPCE shares, I had forgotten to manually select shares to sell, so it defaulted to FIFO.....meaning it would sell my low cost basis shares from last Summer rather than the shares I bought with GME profits 2 weeks ago. That would result in higher realized gains and short-term tax treatment (assuming I hold my remaining shares until the one year mark is passed)! Fortunately, they were able to change the tax lot selection as long as I called before the settlement of the trade.

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So its completely conceivable that even with these sweet Earnings gains that I would be better off holding a single stock for over a year, assuming not goes up even slightly less?

Depending on what your marginal tax rate is, yes that's quite possible and a popular reason as to why HOLD often means "hold for over one year".

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#RothTraderBoys


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That would actually apply to all of us who sell stocks under a year.

If stock A yields you 10% under a year of holding, you effectively get 6.7% of it after taxes.
VERSUS
If stock A yields you 10% over a year of holding, you effectively get 8.5% of it after taxes.

The difference here is in the top example you have the ability to invest in other stocks once you sell since your funds wouldnt be tied up.

Sunroof posted...

So its completely conceivable that even with these sweet Earnings gains that I would be better off holding a single stock for over a year, assuming not goes up even slightly less?

Oh man no one told you this? Short term cap gains taxes are rough

Someone else can correct me, but you also have to think about the type of account. I'm assuming everyone in this topic is using a regular, taxable account. But I don't believe you have to worry about capital gains taxes in IRAs (or at least not in an Roth).

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Yeah you don't have to worry about the taxes in retirement accounts, but you also can't take the money out before you reach retirement age without incurring rather severe penalties.

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Yeah, a Roth is pretty tempting to get, since you can sell stocks, you just can't take the money out.

But somehow I didn't know about the 7 states with no state income, so it's more tempting to just move to one of those!

I'm sure I'll open a Roth IRA at some point anyway

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I will say for me personally, the idea of not being able to take the money out for 35ish years is really not appealing. I want to buy a house(s) before then. And I don't mind paying a bit more in taxes if I do well in the market.

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StartTheMachine posted...

Yeah, a Roth is pretty tempting to get, since you can sell stocks, you just can't take the money out.

But somehow I didn't know about the 7 states with no state income, so it's more tempting to just move to one of those!

I'm sure I'll open a Roth IRA at some point anyway

Porque no los dos

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masterplum posted...

Porque no los dos

I probably will eventually!

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Going to try to get into TRTC tomorrow for cannabis play

Figure it being OTC has it a bit under the radar (it has still tripled in the last month) right now and I think it has more upside from legalization than most of the Canada setups since its based in California

We'll see how it goes

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For some clarity on Roth IRAs.

You can take out the principal you put in just not the interest since the principal was already taxed.

Ie I put in 6k. I make 1k and now have 7k. I can take out my initial 6k penalty free.

Also there are income limits on Roth IRAs but you can do a backdoor Roth. Although this is technically a conversion so I think there is a 5 year period where you cant take out the principal in this case.

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Theres something to be said to putting half your money in 1-3 stocks that you leave for one year minimum, solely for the tax benefit. This has been an Uber bull market so we probably should have done this back in like, March but oh well.

Lopen posted...

Going to try to get into TRTC tomorrow for cannabis play

Figure it being OTC has it a bit under the radar (it has still tripled in the last month) right now and I think it has more upside from legalization than most of the Canada setups since its based in California

We'll see how it goes

i went into trtc like 7 years ago. One of my biggest gains ever lol.

I have one OTC play that ive been in for about 4 months and has moved like crazy the past 2 weeks. PVDG. Expect a sell off soon but ive taken plenty out for a nice win.

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Its messed up that every trade we make is literally only a 65% realized gain. I always knew that wed have to pay taxes on them but 35% seems insane.

Your losses can be deducted from your gains. If your losses exceed your gains you can also deduct $3,000 a year from your regular income until your losses are exhausted.

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red sox 777 posted...

Your losses can be deducted from your gains. If your losses exceed your gains you can also deduct $3,000 a year from your regular income until your losses are exhausted.

How much do your losses have to exceed in order to do this?

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Ctrm and zom

Yum yum

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ExThaNemesis posted...

How much do your losses have to exceed in order to do this?

You can deduct the actual amount by which your realized losses exceed your realized gains, up to a maximum of 3k a year. If you have losses beyond that, it gets saved and can offset gains in future years (or, if there aren't enough such gains, you can keep using 3k a year to offset ordinary income until the losses are used up).

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Is anyone in this topic in the red in 2020? Pretty wild that the market can drop 40% in a month and virtually everyone is in great shape by the end of the year.

also hello bitcoin spike

I set a $60 limit order for BMBL, should hit whenever it opens as its currently at $43.

SQ doing well so far.

I should have put more in TSLA after its abominable performance yesterday.

GameStonk posted...

Is anyone in this topic in the red in 2020? Pretty wild that the market can drop 40% in a month and virtually everyone is in great shape by the end of the year.

it's pretty nuts. VUG went up by 40% in 2020.

My only regret is that I didn't put in everything i had in march- that money would have doubled

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I'm guessing WSB started dumping their weed stocks because my ITHUF stock quickly tanked.

I just can't meme fast enough to keep up with their trends - not a good investment strategy for me to ever try.

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banananor posted...

My only regret is that I didn't put in everything i had in march- that money would have doubled

I regret not starting back then. At the time, I didn't realize the stock market changed to go commission-free, which is what kept me out before as I didn't have the cash to make large enough purchases to make it worth it.

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Buy TRTC

It immediately tanks 20%

Ouch. Well HODL and whatnot

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I kinda just wanna dump these for a few hundred dollar loss and stick them in avctw

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Lopen don't be a moonroof

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I'm just saying the prices are about the same! It would be an easy lateral!

But yeah I shouldn't. I picked this one for a reason. Believe in yourself Lopen.

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Believe!



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AVCTW goes down to lower $6s and back up to lower $7s everyday. Seems like easy trading, if I can ever figure out how to get the shares.