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Lowjack

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Lowjack

Re: hinkydink post# 32253

Friday, 01/28/2011 12:02:42 AM

Friday, January 28, 2011 12:02:42 AM

Post# of 118202
patience is the key to successfull trading.

Example:

I have $10,000 I want to invest in XYZ corp. I never buy all at once so I dollar cost average in over a six month period usually starting after a selloff.

So 10,000/6 = 1,666 roughly. I would buy once a month for six straight months. Then I would wait a year so I am taxed at long term capital gains. If I still like the company by that time I can start trading around my core possition and build shares using the wash sale rule to my advantage by keeping my trades within the trading window.
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