McInnis 03 said:$30,000 Millionaire said:
I'm going to buy 100 shares of ZIM in the 50K account. We are going to sell an ITM covered call on Monday.
Does dividend risk come into play here?
Jet Black said:
My problem is always when to sell and get out.
BrokeAssAggie said:
Lost some money today but got to go fishing with my boy so all is good…
$30,000 Millionaire said:jamey said:
I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.
I think I'm gonna watch from the sidelines for a little while.
How many years until retirement?
That's awesome, I hope OA sees it because he'd love it.BrokeAssAggie said:
Lost some money today but got to go fishing with my boy so all is good…
ProgN said:
What kind of fish, size?
Jet Black said:
My problem is always when to sell and get out.
ProgN said:
FYI, gray and chartreuse jigs are money for white bass, especially gray. How many sons do you have?
FJ43 said:Jet Black said:
My problem is always when to sell and get out.
Hey Jet. Something to try maybe in addition to what Prog said about your favorite indicators.
Before you make your next trade, set a trade plan before you hit buy. Define your risk (stop out level), your targets (T1, T2,etc) to determine the Risk/Reward (RR). Ideally you want at least 1 to 2 minimum. For each $1 risk (the difference between your entry and stop) vs your targets (entry vs T1, T2,etc).
Then stick to it. Honor your stops above all. It's just a trade and move onto the next.
jamey said:$30,000 Millionaire said:jamey said:
I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.
I think I'm gonna watch from the sidelines for a little while.
How many years until retirement?
13 or so till full retirement and start drawing on this account.
Jet Black said:FJ43 said:Jet Black said:
My problem is always when to sell and get out.
Hey Jet. Something to try maybe in addition to what Prog said about your favorite indicators.
Before you make your next trade, set a trade plan before you hit buy. Define your risk (stop out level), your targets (T1, T2,etc) to determine the Risk/Reward (RR). Ideally you want at least 1 to 2 minimum. For each $1 risk (the difference between your entry and stop) vs your targets (entry vs T1, T2,etc).
Then stick to it. Honor your stops above all. It's just a trade and move onto the next.
I appreciate it. I do have a problem with fomo. I know that hardly ever happens but I do have a fear of it taking off like a rocket after I get out.
$30,000 Millionaire said:
Dude even I FOMO. I bet OA does too.
Philip J Fry said:Jet Black said:
My problem is always when to sell and get out.
What's your biggest issue? Setting the target price, stop price, or abiding by them?
$30,000 Millionaire said:jamey said:$30,000 Millionaire said:jamey said:
I moved about 20% of my 401K into stable value yesterday and I'm right around -0.5% loss YTD.
I think I'm gonna watch from the sidelines for a little while.
How many years until retirement?
13 or so till full retirement and start drawing on this account.
In all likelihood, the market will be higher sometime in the next 13 years than it is today. I do agree with you that there will be pain this year and that the pain isn't over. That said, there will also always be something to worry about!
I don't mean this as an insult, please don't take it this way, but based on your questions here and in other places, I have formed the opinion that you don't know much about the markets. That's ok. It's never too late to learn.
Have you considered putting your money in a 2035 target retirement fund? They have an age based mix of stocks, bonds, and income assets. If you're going to keep contributing, view this as an opportunity to dollar cost average.
Take $5K and learn with us.
gougler08 said:FJ43 said:
30k's profit is consistent and steady.
Mine looks more like this. With my projection.
Here
Focusing on what I bolded above. Agree, a sweet dividend at $17; however, after some minimal researching I can only find it paying $2.50/share per quarter for the two previous quarters.M4 Benelli said:Philip J Fry said:
Looks to me that ZIM run has stalled and is retreating back to 75 or so. Sold my shares for +12% profit and waiting it out for the time being.
Still holding, I'm not going to pass up that sweet divy. If it retracts back to mid 60s its going to get bought up by booty loving piranhas. Seen it time and time again from the past divs. Will be adding on more during that dip. This supply chain crisis is here to stay remainder of the year, despite the MSM sweeping it under the rug.
Speaking of Holding, still latched onto CROX like an incel on a Twitch thot's stream. Cost Basis is at 86, rode it down to 67. Twas tempted to bail as my port is looking pretty stellar atm from swinging my Vinnie K, and I dont trust next week.
$30,000 Millionaire said:
A simple way to trade stocks: buy at support (exhaustion) or buy at break of resistance (momentum). Have a 10% or so stop loss on a not volatile stock and a 20% stop on something volatile. For position sizing, no more than 10% in a single equity unless it's SPY/QQQ/DIA/IWM. If your stop is 10% of 10%, that's a 1% draw down.
Take half the profit at up X% (you decide). Set the rest to stop at break even. You can't lose. Scale out 20% bit by bit on the way up, moving your stop up with you. If you're ever uncomfortable, sell. If you're uncomfortable it's probably because of position size.
Trading, especially stocks should give you zero anxiety.
Try taking $150-200 (singles) for 6 months and see how your account grows. You'll be amazed when instead of buying 100 shares of a stock that you're now able to swing 300 shares. Don't dwell for selling out early and one happens to run, try to remember the one's you held onto for more that you're bag holding and can't trade. There is always something to trade unless your money is tied up because you're down and was greedy an are now stuck.Jet Black said:Philip J Fry said:Jet Black said:
My problem is always when to sell and get out.
What's your biggest issue? Setting the target price, stop price, or abiding by them?
Abiding by them. I'll see something or read something that makes me think I should stay in and away we go. There are times when I could have taken $150-$200 profit. Of course, it my mind I'm going that isn't enough and I should keep going for more.
Charismatic Megafauna said:$30,000 Millionaire said:
A simple way to trade stocks: buy at support (exhaustion) or buy at break of resistance (momentum). Have a 10% or so stop loss on a not volatile stock and a 20% stop on something volatile. For position sizing, no more than 10% in a single equity unless it's SPY/QQQ/DIA/IWM. If your stop is 10% of 10%, that's a 1% draw down.
Take half the profit at up X% (you decide). Set the rest to stop at break even. You can't lose. Scale out 20% bit by bit on the way up, moving your stop up with you. If you're ever uncomfortable, sell. If you're uncomfortable it's probably because of position size.
Trading, especially stocks should give you zero anxiety.
That doesn't sound like gambling at all. Are you sure you're doing it right?
(So much gold here...)
this is my big play now, trading at about 2.4 pe on forward earnings with ridiculously strong tailwinds for the upside. $300 by year end not unreasonable. This is an MLP; so you will get a K-1. BTW, I had the hots for Delta Burke.M4 Benelli said:
Anybody in UAN? Under radar fertilizer play.
UAN sell almost all their production 3-6 months ahead. Earnings have yet to reflect the explosion of fertilizer prices in Q3-Q4 last year.
Fatty Delta Burke dividend, this stanky stock typically trades pretty close to 10x trailing 12-month EBITDA.
Q1 earnings will be very good and Q2 earnings will be grandiose. It's after these two earnings reports that divy loving degens will discover that this $100 stock is paying out $40-$50/yr in dividends. May the urea hit the field.
