Been in since late March. Market looks to be at or near a peak.
This was my positioning early last week and at close Friday (Stocks were QQQ and SMH)
Edited by Chilidawgz, 28 February 2021 - 04:10 AM.
I cashed out Thursday
Started by
Chilidawgz
, Feb 28 2021 04:03 AM
5 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 28 February 2021 - 04:03 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
Waver
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Posted 28 February 2021 - 11:28 AM
Yea totally
At this point, the risk is to the downside
Clear 3 wave rallies in the Nasdaq and the DOW
Nasdaq 100 Wave C*.618 = Wave A
Nasdaq 100 rejected its 50 DMA and declined
Nasdaq 100 closed the week below the upward trendline
SP500 keeps bouncing off its 50 DMA And its upward trendline, how long does thaw last
At this point risk is to the downside until these markets can get above their daily DMEAs
At this point, the risk is to the downside
Clear 3 wave rallies in the Nasdaq and the DOW
Nasdaq 100 Wave C*.618 = Wave A
Nasdaq 100 rejected its 50 DMA and declined
Nasdaq 100 closed the week below the upward trendline
SP500 keeps bouncing off its 50 DMA And its upward trendline, how long does thaw last
At this point risk is to the downside until these markets can get above their daily DMEAs
#3
pdx5
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I want return OF my money more than return ON my money
Posted 28 February 2021 - 11:57 AM
Been in since late March. Market looks to be at or near a peak.
This was my positioning early last week and at close Friday (Stocks were QQQ and SMH)
I am hanging on through mid-March to cash out. LT cap gain tax is much lower than ST tax.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
brucekeller
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Posted 02 March 2021 - 01:48 AM
Been in since late March. Market looks to be at or near a peak.
This was my positioning early last week and at close Friday (Stocks were QQQ and SMH)
I am hanging on through mid-March to cash out. LT cap gain tax is much lower than ST tax.
Yeah, kinda surprised Chili got out with 2-3 weeks to go for ~20% lower taxes. Expecting a 20% drop in the next 2-3 weeks? Maybe he'll buy back in before 2022?
Edited by brucekeller, 02 March 2021 - 01:49 AM.
#5
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 02 March 2021 - 04:21 AM
All the funds are tax sheltered, IRA.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#6
brucekeller
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Posted 02 March 2021 - 05:29 AM
All the funds are tax sheltered, IRA.
Ah nice. I need to setup one outside my work one so I can have more investment options.
