You can, but I don't. Matter of fact, you probably can make a lot of money doing it that way (trading it) if you've got the time to watch and play it. But I personally don't have the time, so I choose to let it ride for the dividends (only monthly dividend stocks of course). GLTY
Greetings Turbo, kudos on getting the IRA set up, wise choice towards future wealth.
It's all comes down to a matter of personal preference and time available to monitor the daily market fluctuations. Both trading and accumulation of dividend stocks can be accomplished via an IRA. I personally chose quality companies with higher dividends and let those positions ride.
Yep holding and adding is the ultimate goal but if you decide to swing trade one make sure you know and understand the ex-date and how they usually behave around it.the nice thing is if a trade doesn’t work out ,what you are holding is probably a keeper anyway-just my take on things…happy hunting