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Re: D_rwc post# 25120

Monday, 11/05/2018 12:15:55 PM

Monday, November 05, 2018 12:15:55 PM

Post# of 34645
Well, the swings have been pretty regular...trending up and down like a roller coaster from high 9's to low $7's on average. I used to make good money trading stocks this way...buying low, selling high then buying even more shares when it went lower again. Kept repeating it. Made $28k on Delta in 8 months doing that after they came out of Chapter 11. The only thing about it though is the stress...watching for the lows and highs and knowing any news suddenly released could be a disaster. My stress level is so much lower when I stopped trading and instead investing. The only thing is that had I been trading this stock over the last three months I could be holding twice to three times more shares with a very low cost average. I think it really comes down to whether your ability to risk your money is within acceptable levels health wise to be a trader. For me, it was a lot easier when I was only trading a cash position of $10 to $25 grand. My cash position being about $130k makes me more wary to try and trade. Then again, this is my play money...not needed for retirement or paying bills. I do worry about tomorrow though...if Dems win the House I feel market will have a bad 3 days following....really bad. Do I want to be in any stock when this happens? Not sure. The down side is having to start the clock on long term gains vs short term gains for tax purposes.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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