I don't know about whether you might trade out of AMZN near its recent all time high. Can't comment on the tax ramifications.
My tax ramifications are clear enough. I hollowed out my portfolios taking profits near highs as the melt down occurred. Unfortunately most were in a taxable account. Some weren't.
Some were in qualified accounts- V, APO, BX, STWD which turned negative on me, EQH even MRNA believe it or not at $34.74 and GILD at $78.88. TQQQ, BX APO, and IBM numerous times etc. Those were winners, some losers too, which I won't boast about. I still have 1/2 position in STWD unfortunately and NFBK that went from a 1000+% profit down to a 400% profit.... Everything else is gone now. Even V, that I had said I wanted to reduce my position liability and buy back lower which I promptly did not do at $179 after selling at profit $184. Look at it now !
I have many oil and REIT related stocks that have numerous downgrades and losses. I'll eventually trade out of these as well,. These were supposed to be steady dividend earners that turned to crap. Unfortunately, I could not get out of these as the bloodshed ensued.
So I rebuild my portfolios exacting cash from this market to offset year end forth coming losses and to balance out my portfolios. I have no doubt I'm going to get hammered tax wise, but will continue trading to offset those costs and be sure to keep the needed funds from profits available to pay those taxes... Once the losses are counted.
Don't get me started on CSCO. You know Elroy, I used to trade CSCO from $16 a share into the $20's. Let it go as it ran out of that range and didn't look back. Now, I don't get CSCO. I own it and will probably close shortly if the opportunity presents. That opportunity for me was yesterday as the market even floated that boat. I would have taken 2-3% on it, but didn't. Oh well. I guess WEBX isn't enough to make a mark with CSCO so I won't wait around, even though I admire the company, as I do and have followed DIS for 30 years. Admiration gets me nothing though, so there's that.
