Jump to content



Photo

Taking Profit From 7/1 Post- Letting Some Ride


  • Please log in to reply
5 replies to this topic

#1 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,685 posts

Posted 31 July 2022 - 09:30 PM

SPX 3800 area and Ether 1400 area. 

 

Been a nice run. Still have about 40% long.

 

Short a couple contracts of oil now, thing looks doggy. 



#2 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,685 posts

Posted 31 July 2022 - 09:33 PM

Also still long TLT options (some longer term options). I have said a couple times I think we might have seen a generational top in yields. 



#3 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,682 posts

Posted 31 July 2022 - 09:39 PM

I have nice profit in my 25% long position, but not selling with short term cap gain tax rate.

If market has more corrections in fall, will be adding to longs. 1-3 years holding period.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,685 posts

Posted 31 July 2022 - 09:49 PM

Yes, I only trade futures in my short-term account which saves quite a bit in taxes compared to other instruments. 



#5 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,872 posts

Posted 31 July 2022 - 11:20 PM

SPX 3800 area and Ether 1400 area. 

 

Been a nice run. Still have about 40% long.

 

Short a couple contracts of oil now, thing looks doggy. 


Very nice…congratulations!!

 

Hope you’re feeling better!

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#6 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,685 posts

Posted 01 August 2022 - 06:51 AM

SPX 3800 area and Ether 1400 area. 
 
Been a nice run. Still have about 40% long.
 
Short a couple contracts of oil now, thing looks doggy. 


Very nicecongratulations!!
 
Hope youre feeling better!
 
Fib

Much better, TY!