You need to have a stop loss set BEFORE entering the trade. Based on the chart decide at what point the trade failed. How much loss is that per share? Divide your total budgeted risk by that amount and that's your sizing. Anything else is gambling.
Get ready to see a lot more the next 4 years
Bull shit manufacturing gonna take a hit
GEV??
That's bold! I've been holding MSTR for a couple years in my IRA. I just made my first big MSTY buy in my non tax deferred account. I'm hoping to live off the dividend payments for 2 1/2 years until I can start making withdraws from my IRA. The tax liability on the dividend payments is not ideal but won't be too bad as it will be my only taxable income. I also maxed my Roth contribution for 25 and bought MSTY w it.Just a little
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24 shares and counting
I dont have tons of extra money to throw into the stock market, I make about 50k a year supporting a family of 4, sometimes we are paycheck to paycheck. I can only afford to hunt out west every couple years by saving money, and not wasting on smoking/drinking or other stuff. so I am growing my portfolio slowly. Any extra I can scrounge up I throw in there, sometimes 25 bucks at a time. 200 or so if I am lucky to have that left over. I am using the monthly dividends to re-invest and buy stocks etc. to grow my portfolio. I dont know that the dividends those Yield Max ETF's pay are sustainable long term, for for short term they are working for me, not getting rich by any means but 50 bucks is 50 bucks as they say lol
