I help a friend with a non-retirement stock portfolio and I just told him today "I think we are mostly stuck to sell anything this year... can't take the short term cap gains". It didn't occur to me until that moment, but I think manyyyy investors will be in that same position and the market will overall just float/levitate into year-end.
5 comments:
Hi Saleem,
Nice gains on SHOP!
Added small to FATN and SNAP with available cash.
Stocktrader
Hi Stocktrader,
Good luck with more FATN & SNAP....
Saleem
Hi Saleem,
I help a friend with a non-retirement stock portfolio and I just told him today "I think we are mostly stuck to sell anything this year... can't take the short term cap gains". It didn't occur to me until that moment, but I think manyyyy investors will be in that same position and the market will overall just float/levitate into year-end.
Stocktrader
Hi Stocktrader,
My trading style is based on swing trading all along....and for that I do try to gauge short term " Overbought OR oversold conditions.....
Booking profit is " job ONE...TAXES are reality in trading world....short or long term gains.....
Saleem
Hi Salem & Stocktrader,
Sold SHOP and bought SNAP. Thank you both for SHOP & SNAP recommendation..
Simon
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