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Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. amerikajinda

    amerikajinda Senior member

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    Well you're having fun! :happy: Just be careful.... but it sounds like you know what you're doing! :satisfied:
     
    Last edited: Nov 18, 2013
  2. GreenFrog

    GreenFrog Senior member

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    Just another fool with his money :p.

    Stevent, I exited my TAN position. Made 6.95 profit on that trade lol. Gonna buy on a dip.
     
  3. stevent

    stevent Senior member

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    Haha nice, just sold Tesla today and now I'll have minimized taxes though I do have some IPO shares with cost basis of pretty much 0% I sold earlier so no way I can avoid there
     
  4. idfnl

    idfnl Senior member

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    Don't fuck with margin.
     
  5. amerikajinda

    amerikajinda Senior member

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    Wise advice! Think I'll stick to the basics idfnl! Although it is tempting... still, think I'll stay on the sidelines until I know what I'm doing.
     
    Last edited: Nov 18, 2013
  6. jbarwick

    jbarwick Senior member

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    Some people fear taxes on stock gains but it does mean you are gaining money. Now there are the offsets of selling a stinker that lost you a ton but winners paying taxes is nothing to be scared of.
     
    1 person likes this.
  7. amerikajinda

    amerikajinda Senior member

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    Oh yeah -- you always have to harvest your tax losses this time of year!
     
  8. stevent

    stevent Senior member

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    Some margin is fine, I've made a lot of extra money through margin during college



    Paying taxes means buying less shooz and potentially having to sell shooz as all my money goes right back into market. Doesn't hurt to take some losses to offset gains.
     
  9. jbarwick

    jbarwick Senior member

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    The only time taxes should really be worried about are when your money is making more for you than your day job. Hell and most people in this thread seem to be day trading and not holding long term so they are paying STCG anyway.
     
  10. sinnedk

    sinnedk Senior member

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    well wish i held micron :-(

    what do you guys think of zynga? looks like its recovering
     
  11. stevent

    stevent Senior member

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    My income for 2012 goes from trading, selling clothes to day job. Though I did graduate in May 2012 so no paid work (edit: had campus rep startup stuff but limited role for 2012 vs. before) until August. But still my day job was more of a "one day" focus on dreams and not salary and now it's a sweat equity proposition

    Income 2013 will probably follow same level though I haven't crunched numbers yet. My taxes are always about 80% long term gains, Roth IRA is where you have your gambling stocks for big gains
     
    Last edited: Nov 18, 2013
  12. amerikajinda

    amerikajinda Senior member

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    Well at least you got that Bull market you hoped for! :happy:


    +1
     
  13. jbarwick

    jbarwick Senior member

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    Techs are a blood bath today...
     
  14. GreenFrog

    GreenFrog Senior member

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    I have huge crushes on Stephanie Ruhle and Rebecca Quick :inlove:
     
  15. amerikajinda

    amerikajinda Senior member

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    I'm taking up a position in CG - Carlyle Group.


    Sent from my iPhone using Tapatalk
     
  16. Thearkly

    Thearkly Senior member

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  17. amerikajinda

    amerikajinda Senior member

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    Anybody use Scottrade? Opinions one way or the other? Tx
     
  18. jbarwick

    jbarwick Senior member

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    I was using ScotTrade and it was nice. I think they allow 3 trades a week so that may me 3 ins and outs or 3 total. I never had an issue but for day trading you would never want in without being able to get out and hold a stinker.
     
  19. lawyerdad

    lawyerdad Senior member

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    I can't imagine they would deny you the ability to get out. Day-trading restrictions are almost always in the form of limitations on the ability to establish new positions with unsettled funds, not on limitations on the ability to close existing positions and thereby reduce the percentage of the float you're drawing on.
     
  20. Thearkly

    Thearkly Senior member

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    BTw if you use Scottrade, and you need your money. Make sure to call and ask for a check or else face a $75 fee! If you haven't opened Scottrade and you want to do so PM me. Day trading on Scott is a no-no. $7 per trade except penny stocks thats $7 + some percent.
     

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