agdaddy04 said:
FJ43 said:
59 South said:
Well crap guess I'm gonna have to buy some TRIT now. I'll look for a $7.50-7.75 entry to get things started.
I took a starter today in the high 7s. Will add as we go on all these types. I did like the post about doing this in a ROTH and may look to focus these plays in there.
What would be the reasoning behind this?
I would consider myself a fairly active trader so in that sense it may not make sense. However I like the thought of longer term high potential crypto related plays and those would be something I would buy and hold for long periods. Tax wise it makes sense to do them in a taxable account where I am not trading them frequently. But for me, at least for now, my trading account hardly stays static other than MA plays and money flows in and out
In my IBKR trading account I started Jan 5th with initial funding, a rest on a process/discipline and approach to see how it goes. March 1st will give me 60 days and I will adjust accordingly.
I do use basic options strategies in the ROTH as well that are allowed to help generate lower costs basis and growth to reinvest within the account.
Chances are I will buy shares of these in both types of accounts.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11