The Rokslide Stock Traders Thread

[CorbLand]

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

Doing what you can wins. Slow and steady wins.

I worked with a kid that was one of the spend every penny he had and then some types. I sold him a pound of 4350 that I had bought for a discount. He was a friend so I sold it to him for what I paid, (around 23 bucks) and he had to wait until payday.
I was talking with him at work and I made the comment that I had bought a stock and sold it in the same day and made 15 bucks off it. He laughed and made some comment back about how it was "only 15 bucks." I responded with "I made 15 bucks, clicking two buttons all while I was at my real job getting paid." He was right, it was only 15 bucks but it was 15 bucks that I didnt have to put much effort into. I like making money without putting effort in.

 

[MountainTracker]

For the Tesla folks




Will probably go higher than $600


Sent from my iPhone using Tapatalk

 

[stevewes2004]

What’s the plan for those of you guys holding MSTY? I recently opened an individual fidelity account and put some money into a couple stocks mentioned here and just curious the plan of those with MSTY.

In my retirement account, I reinvest the payout back into the fund. In my individual account I use the payout to buy other stocks. This last go-round I bought AMPX and OPTT.


Sent from my iPhone using Tapatalk

 

[Glendon Mullins]

Doing what you can wins. Slow and steady wins.

I worked with a kid that was one of the spend every penny he had and then some types. I sold him a pound of 4350 that I had bought for a discount. He was a friend so I sold it to him for what I paid, (around 23 bucks) and he had to wait until payday.
I was talking with him at work and I made the comment that I had bought a stock and sold it in the same day and made 15 bucks off it. He laughed and made some comment back about how it was "only 15 bucks." I responded with "I made 15 bucks, clicking two buttons all while I was at my real job getting paid." He was right, it was only 15 bucks but it was 15 bucks that I didnt have to put much effort into. I like making money without putting effort in.

exactly how i feel, I was telling a guy at work yesterday, If i sell a stock that's 10% up and make 5 bucks, that's till 10% profit regardless whether it was a 30 dollar stock or a 2 dollar stock and that's more money than that 30 bucks will make sitting in my savings account at the bank lol

 

[CorbLand]

exactly how i feel, I was telling a guy at work yesterday, If i sell a stock that's 10% up and make 5 bucks, that's till 10% profit regardless whether it was a 30 dollar stock or a 2 dollar stock and that's more money than that 30 bucks will make sitting in my savings account at the bank lol

Thats my feelings as well. It also all compounds so you can continually build on what you are making. I buy stocks, sell a 10 to 15 percent increases and take the profit and fund my retirement. Over the last 4 or so years, that has equated to about a 1000 bucks on top of what I put in monthly.

The other one I always find interesting is when I tell people that I invest a fair amount and they come back with "good luck with the taxes." Never have understood the fear of making money and having to pay taxes. Especially for the middle class and its passive income. I know it largely comes down to peoples lack of understanding on how it all works but it still baffles me.

 

[stevewes2004]

Thats my feelings as well.

The other one I always find interesting is when I tell people that I invest a fair amount and they come back with "good luck with the taxes." Never have understood the fear of making money and having to pay taxes. Especially for the middle class and its passive income. I know it largely comes down to peoples lack of understanding on how it all works but it still baffles me.

Lemme give up my $1000 bonus because they tax it too much. Yeah OK

Soooo many people don’t understand taxes…


Sent from my iPhone using Tapatalk

 

[CorbLand]

Lemme give up my $1000 bonus because they tax it too much. Yeah OK

Soooo many people don’t understand taxes…


Sent from my iPhone using Tapatalk

I am lucky that my brother is a CPA so I get a little more of the inside scoop than some people do.

It makes sense if you are in the top tax brackets and talking about ~40% in taxes but even at that, if its passive income, I would still take 60%. If you break into the having to work for it or take higher risks, then you need to start weighing taxes.

Then when you start talking about it as capital gains taxes, it makes even less sense to worry about taxes.

 

[Juan_ID]

In my retirement account, I reinvest the payout back into the fund. In my individual account I use the payout to buy other stocks. This last go-round I bought AMPX and OPTT.


Sent from my iPhone using Tapatalk

So I’ll preface this with I’m new to “investing” outside of putting money into my retirement account through my employer. I will say I heard some stuff (on the radio of all places) this morning while on the way to work talking about the gov wanting to boost US based energy production so I did start googling and bookmarking some potential stocks to buy. Back to my point

So let’s say you’re talking about OPTT for argument sake, current price is .95 a share, the 52 week high is $1.75. You’re buying at .95 then setting up an auto-sale once it hits say 15% (or whatever gain you’re ok with) Then using your gains/profits to buy new stocks? And doing the same thing again and again?

I currently have some dollars needing invested and had looked at MSTY and AMPX prior to asking what the plan was for MSTY holders. Trying to learn a little from those that are currently more active in this stuff than I am.

 

[CorbLand]

So I’ll preface this with I’m new to “investing” outside of putting money into my retirement account through my employer. I will say I heard some stuff (on the radio of all places) this morning while on the way to work talking about the gov wanting to boost US based energy production so I did start googling and bookmarking some potential stocks to buy. Back to my point

So let’s say you’re talking about OPTT for argument sake, current price is .95 a share, the 52 week high is $1.75. You’re buying at .95 then setting up an auto-sale once it hits say 15% (or whatever gain you’re ok with) Then using your gains/profits to buy new stocks? And doing the same thing again and again?

I currently have some dollars needing invested and had looked at MSTY and AMPX prior to asking what the plan was for MSTY holders. Trying to learn a little from those that are currently more active in this stuff than I am.

Depends on what account I am doing it in but thats pretty much what I do.

In my brokerage account, I will buy stocks and then sell them at 10-15% increases (I usually utilize stop losses). I started with a couple hundred bucks and built it up to about 700. Then made some bad calls and have been sitting on the bag, hoping to break even.
This is all fun money for me and I was planning to try and build it to buy a bigger boat or a new rifle.
Basically, I took 200 and bought a stock. Then when it was worth 220 sold and looked for the next opportunity. When I found it I bought 220 worth and sold when it was worth 242. Just rolling initial amount plus any profit.

In my IRA, I will buy stocks and then sell them at 10-15% increases. I then take the profits and fund ETFs for long term holds.
Basically the same strategy as above but instead of rolling the initial amount plus profit, I only roll the initial amount.
Start with 200 of a stock. Sell when its worth 220. Take the 200 and look for next opportunity. The 20 in profit would be invested into VOO or VGT for me.

It not as easy as it sounds and you win some you lose some doing it. In the end, you may even be smarter to just invest the 200 in one place and let it roll but its kind of fun to try.

With the stop losses, I let it run above 10% then set my stop loss there so if it falls, I should get close to my 10% gain. This allows me to get what I wanted while also keeping me open to more gains. KULR is an example of where doing that (I didnt on KULR because I am in it for the long haul) can really make you some money. When it runs 25%, move your stop loss to 20% and keep adjusting it up as it drives.

Edit to add. It doesnt always work though



You can utilize stop losses to prevent the losses I have seen but I got burned a couple times doing that so I stopped. I should have cut my losses on some of these far sooner though.

 

[MountainTracker]

Thats my feelings as well. It also all compounds so you can continually build on what you are making. I buy stocks, sell a 10 to 15 percent increases and take the profit and fund my retirement. Over the last 4 or so years, that has equated to about a 1000 bucks on top of what I put in monthly.

The other one I always find interesting is when I tell people that I invest a fair amount and they come back with "good luck with the taxes." Never have understood the fear of making money and having to pay taxes. Especially for the middle class and its passive income. I know it largely comes down to peoples lack of understanding on how it all works but it still baffles me.

I’ve had this conversation with a lot of guys many times. I’m limited on what I can put my retirement money into through work, but I have access to a lot of mutual funds. I’ll show guys what my returns are and the first thing they say is “the fees are too high.” The fees are $150 a year or when you buy/sell. I only make one or two moves a year so not a big deal.

I’ll tell them the fees are nothing when you make 200 years worth of fees in the first couple weeks. Pretty sure I can handle the fees. Most of these guys regularly spend $150 on food and booze over the weekend.

Different priorities I guess.

It was pointed out, but you can get a tax free ira account and pair trade the account. I know guys that have done very well doing this, making only a few trades a month. It does require studying the stocks.


Sent from my iPhone using Tapatalk

 

[CorbLand]

I’ve had this conversation with a lot of guys many times. I’m limited on what I can put my retirement money into through work, but I have access to a lot of mutual funds. I’ll show guys what my returns are and the first thing they say is “the fees are too high.” The fees are $150 a year or when you buy/sell. I only make one or two moves a year so not a big deal.

I’ll tell them the fees are nothing when you make 200 years worth of fees in the first couple weeks. Pretty sure I can handle the fees. Most of these guys regularly spend $150 on food and booze over the weekend.

Different priorities I guess.

It was pointed out, but you can get a tax free ira account and pair trade the account. I know guys that have done very well doing this, making only a few trades a month. It does require studying the stocks.


Sent from my iPhone using Tapatalk

I think many people use it as an excuse to not invest so they have a justification (to themselves) on just spending their money.

 

[eddielasvegas]

I think many people use it as an excuse to not invest so they have a justification (to themselves) on just spending their money.

Dead on balls accurate @CorbLand and @MountainTracker and that's exactly why only 3.2% (mean or median, I don't recall but either way a lot of people are in a world of hurt) of 401k's have a balance of >= $1M. I read that stat a few weeks ago and was gobsmacked.

Also, the idea of deferred gratification is as foreign to some building the Space Shuttle in your backyard.


Eddie

 

[stevewes2004]

So I’ll preface this with I’m new to “investing” outside of putting money into my retirement account through my employer. I will say I heard some stuff (on the radio of all places) this morning while on the way to work talking about the gov wanting to boost US based energy production so I did start googling and bookmarking some potential stocks to buy. Back to my point

So let’s say you’re talking about OPTT for argument sake, current price is .95 a share, the 52 week high is $1.75. You’re buying at .95 then setting up an auto-sale once it hits say 15% (or whatever gain you’re ok with) Then using your gains/profits to buy new stocks? And doing the same thing again and again?

I currently have some dollars needing invested and had looked at MSTY and AMPX prior to asking what the plan was for MSTY holders. Trying to learn a little from those that are currently more active in this stuff than I am.

That’s a loaded question. I’ve done it all from short term trades (very inexperienced here), mid-term, long-term holds, etc... For me, AMPX and OPTT are mid/long term. I plan to hold them through most of this year unless one of them has a crazy spike like KULR. I’m currently up 35% on AMPX and 53% on OPTT and don’t plan on selling. I recently sold some OPTT at 1.27 for 100% gain out of my health savings account to pay some medical bills, but besides that, I’m ready to ride the volatility.

I’ve done some swing trading as well as simply just taking profits in the 10-15% range and there’s nothing wrong with that at all..

I’ve gone away from most short term (day) trading simply because I don’t have time to really dive into the technical analysis and all that and felt like I was just trying to time the market. I like to research and try to find companies with good fundamentals/sentiment, invest, and hold for longer term (months or years).

Recently I’ve implemented a trading strategy for my one and only index fund (TQQQ).. using the 189 day SMA (simple moving average) for LSGSX (inflation protected securities) as a buy/sell signal. So when LSGSX price drop’s below this SMA, sell and hold cash. Otherwise, buy. Although not perfect, the backtesting ran through portfolio visualizer shows this method avoiding major draw downs in the market (most of 2022 or 2nd half of 2023 for example). The difference in return is staggering, and should work well with any fund that follows the whole market. Playing with the numbers, 189 days was the sweet spot for the last 10 years. Obviously not a predictor of future returns but a 10-year back test is pretty solid.

I’ll give you an update in a few years

https://www.portfoliovisualizer.com/tactical-asset-allocation-model#analysisResults

Sent from my iPhone using Tapatalk

 

[Jmort1754]

You guys that are doing a self directed or self invest roth what are your long term holds?

 

[CorbLand]

You guys that are doing a self directed or self invest roth what are your long term holds?

VOO
VGT
AAPL
GOOGL

Some that I may hold until I retire or sell
FBTC
MSTR
PSX
MPW

 

[SWFLhntr]

You guys that are doing a self directed or self invest roth what are your long term holds?

I'm admittedly pretty low IQ on this stuff but I've come to the conclusion ETF's are the best for me. VOO in particular as a Vanguard guy.

 

[Juan_ID]

I think many people use it as an excuse to not invest so they have a justification (to themselves) on just spending their money.

I have been wanting to buy another xlr chassis, decided to move the money from my checking account into my fidelity account. baby steps… the desires of the flesh are strong haha

 

[HuntHarder]

Lemme give up my $1000 bonus because they tax it too much. Yeah OK

Soooo many people don’t understand taxes…


Sent from my iPhone using Tapatalk

So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."

 

[UpNorth89]

So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."

I hear this all the time from those who dislike overtime. Every job I've had I've worked overtime with paychecks substantially larger because of jt.

 

[CorbLand]

So many older guys at work complain about working too much overtime as it all goes to taxes. I try and explain taxes to them every time, but it's like talking to someone that is unwilling to comprehend anything other than what they "know."

Back when I was hourly and could get overtime, the goal was overtime by Thursday morning because thats when I got paid what I was really worth.