The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
posted by beanie11111 | 2:28 PM
3 Comments:
qtpie,
Don't worry about it. $1 loss for a $22 stock is ok. But you need to keep an eye on it. If it goes above $22, buy it back.
I am now hoping it will tank the last hour, in which case i will be back in afterhours or tomorrow morning and buy back the SAME NUMBER OF SHARES. That way, we keep on lowering our cost basis (or save money), with an eye on the price of DCAI eventually hitting $50.
We will be playing this one for awhile.
I would set a buy back at $22, if it hits it. And hold it for a swing.
Of course you can, but if you don't have trader status, you might have worry about the washsale rule (30 days, not 3 days). That means you can't deduct your loss for this year, only the following year. Please consult with your accountant.
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