The Rokslide Stock Traders Thread

[signing off]

My fear in retirement. Why would you let the balance get so high in traditional? Maybe I'm misunderstanding the situation, but doing Roth conversions, if your employer does not offer Roth, is a no brainer when not near retirement.

I watched a few videos of Kevin Lum on YouTube. He had a good one on converting ROTH. If your able to live a year or two off standard brokerage money, that gives you a window for converting at low tax bracket. Paying the tax from outside money also let's you maximize the benefits.

 

[Beendare]

One would be in a high bracket to start with, if
$2 million additional taxable income “could” push you into a higher tax bracket.

If you are in CA, lumping that on to regular income kills you especially now that Newsom passed a provision to tax high income folks an additional $4,000 just because. It puts you into the 13% state income tax [which I think is the worst in the US] plus that additional dinger.

Then add if you own businesses and pay quarterly taxes, your estimated tax payments from the year before will be light triggering a penalty from the IRS. If you did take a big gain like that it's worth talking to your accountant- hey Rokslide is great and all- grin- and have them calc the tax and add it to your quarterly payments. The IRS didn't used to be so bad about this but now they are adding interest to that number.

FWIW, this is why it's worth considering what it does to your taxable income when you trade stocks in under a year- as the same thing happens, it gets lumped into regular income.

 

[SWFLhntr]

Microstrategy reported $2.8 billion profit in Q3. I bought a bunch more mstr yesterday and I'm still riding msty hard. View attachment 958636Never invest what you can't afford to lose.

768 shares here. Started taking the dividends and buying SCHG. Up to 75 shares there. It’s not ideal but I’m just going to keep it for awhile and see what happens.

 

[RMM]

Anyone take advantage of the quantum computing dip this morning? I added another 30 shares of RGTI and about 30 shares of IONQ as well.

 

[LFC911]

Anyone take advantage of the quantum computing dip this morning? I added another 30 shares of RGTI and about 30 shares of IONQ as well.

just did the same also bought some BLK (3) and CRWV (25)

 

[MThoundhunter]

Anyone take advantage of the quantum computing dip this morning? I added another 30 shares of RGTI and about 30 shares of IONQ as well.

I'm picking up shares of CCCX, I don't like spac's but if the merger goes through next year I think they'll be money to make on that one.

 

[HuntHarder]

IREN got a big deal with Microsoft today. Another good boost to the stock. AMZN is again

 

[Beendare]

Holy short covering Batman....talk about squeezed, Palantir up 6% today...currently they have a 666 PE.....wow, somewhere between Venus and Mercury in the stratosphere.

META still dumping....now I'm hoping for it to go to 600 or below and I will buy more.

CBRL still dropping, tax loss selling in full view. This stock is the poster boy for Dollar Cost Averaging into a position. ...still time.

 

[Pharmseller]

PLTR crushed earnings, nice gain for awhile AH, now down almost 4%.

I hate this game.

 

[Kimber7man]

What’s the tax on $2 million?

Depends on where you live….. grin

 

[Pharmseller]

Good day to buy

 

[LFC911]

Good day to buy

Just put in a limit order to buy 17 shares of PLTR at $180

 

[Crowmangler]

Just started dipping my toe into options trading lately & been selling some puts on SOFI, AMZN & TSLL... considering a few others ... trying to treat it like an income stream instead of stock appreciation ...so far so good

 

[Pharmseller]

Just put in a limit order to buy 17 shares of PLTR at $180

Let’s hope it doesn’t fill.

 

[Poser]

The same guy who successfully shorted the US housing market has now shorted the major AI players to the tune of 1 billion dollars in anticipation of a AI bubble.

Michael Burry, who was depicted by Christian Bale in the film The Big Short, has gambled $1.1bn (£840m) on falls in shares of chipmaker Nvidia and software company Palantir.

 

[LFC911]

The same guy who successfully shorted the US housing market has now shorted the major AI players to the tune of 1 billion dollars in anticipation of a AI bubble.

Michael Burry, who was depicted by Christian Bale in the film The Big Short, has gambled $1.1bn (£840m) on falls in shares of chipmaker Nvidia and software company Palantir.

So now it is a staring contest and the first one that blinks loses?

 

[MountainTracker]

The same guy who successfully shorted the US housing market has now shorted the major AI players to the tune of 1 billion dollars in anticipation of a AI bubble.

Michael Burry, who was depicted by Christian Bale in the film The Big Short, has gambled $1.1bn (£840m) on falls in shares of chipmaker Nvidia and software company Palantir.

His batting average hasn’t been great since his big short. If he’s right NVIDIA will be a buy.


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[Pharmseller]

My backside hurts and I have no cash to buy any dips.

If I weren’t so darn good-looking I’d feel down.

 

[LFC911]

My backside hurts and I have no cash to buy any dips.

If I weren’t so darn good-looking I’d feel down.

what would you buy if you had some?

 

[Pharmseller]

Cocaine

At this point, no clue. I expect NVDA and PLTR to recover fully.