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StockBang

01/20/12 2:05 PM

#18570 RE: chargermane #18567

One year and a day buddy. Long term capital tax rate is 10-15% right now compared to short term cap gains at your ordinary income rate. Hold a year with all these gains. Saves a bit on the tax bill.
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SmarTrader

01/20/12 2:11 PM

#18573 RE: chargermane #18567

No worries, holding roughly 150,000 right now. Goal is to have 250,000 by the next breakout. If it breaks down that will only help.

Exit goal depends on volume, how far we've run up, etc. I will flip along the way while holding core shares, but that's because I'm a daytrader mainly. Id sell at the peak short term and wait for a pullback to add more. Ultimately my goal is .18. Can and may go higher but ill cross that bridge when we get to it.

Good to see the younger traders in here too. All imo.