Habsy
Just Walking About Aimlessly
Stop being so positive, it's confusing me.
Hey Nerds: Blockchain
- Thread starter zeke
- Start date
CH1
The Artist Formerly Known as chiggins.
Hasn't been this high since the early iPhone days. P/E was only about 20 before covid.
CH1
The Artist Formerly Known as chiggins.
Preston
MBow30 alt account
Ah didn't look too hard into the report since it's usually a nothingburger. It's really hard to see a path to profitability for them. Altria saved their asses with their brutal mistake investment.
But.. It's Altria. Still the looming x-factor that makes them worth keeping an eye on.
But.. It's Altria. Still the looming x-factor that makes them worth keeping an eye on.
CH1
The Artist Formerly Known as chiggins.
I don't pay attention to it normally because I buy fast growing tech (by definition always expensive p/e wise) or future cannabis kings....but I do note it when discussing the largest company in the world that long stopped growing like gangbusters.
LeafOfFaith
Well-known member
I would be too terrified to buy Apple at these levels too. But I'd also be pretty scared to sell as well.
I'm thinking this run up is due to the split. Investors are figuring that when it splits, people will pour in.
I'm thinking this run up is due to the split. Investors are figuring that when it splits, people will pour in.
Preston
MBow30 alt account
My brain said sell everything 15% ago. Glad I maintained my recklessness and sold only 35% about 15% ago.
If I learned anything about $SLV it's that rationality is optional. It can go tits up in a hurry but momentum mostly factors in mroe than charts on its bull runs.
If I learned anything about $SLV it's that rationality is optional. It can go tits up in a hurry but momentum mostly factors in mroe than charts on its bull runs.
CH1
The Artist Formerly Known as chiggins.
selling is the hardest part of the game... I was tempted to blow out all GLD and SLV yesterday; but just trimmed 12% of it.
Preston
MBow30 alt account
My position in SLV is kind of big so it's a bit harder to keep holding after 100% gains in such a short time... But my plan was to originally sell half at around $25 (~100% gains) and then hold the rest as it approaches/tests all-time highs. I still think all-time highs is possible. These are perfect macro conditions for gold and silver. But yes.. A rug pull is possible. No doubt.
LeafOfFaith
Well-known member
Do you guys actually segregate a portion of your winnings for the tax liability on the gains, or do you just keep playing and worry about the taxes later?
CH1
The Artist Formerly Known as chiggins.
I've accepted I won't time the top...so choices are
1) sell before that and mis out on optimal gains
2) sell after it starts to fall (and also miss out)
In recent years, I've chosen #2 because hot markets usually tend to trend higher than I anticipate. So I just move up my stops. I sell in tranches, which sometimes allows me to buy lower and rinse/repeat.
CH1
The Artist Formerly Known as chiggins.
My RRSP is my biggest account, so not a worry. ditto TFSA.....so it 's just my pure trading account that incurs a tax hit
LeafOfFaith
Well-known member
I can't prove it, but I'm quite sure that by simply buying and holding, I've done a lot better than constantly trying to time moves in and out of positions and guess where the market is going. The times that I've thought about trying a sneaky move like that, I saw that I would have been dead wrong and missed out on gains. Or if I'd bought for a quick flip, I would've suffered losses and been stuck in what I thought was a great bet for a near term winner.
I wonder if you guys had only picked long term winners to hold in your "degenerate" accounts, whether you'd be miles ahead instead of trading.
I wonder if you guys had only picked long term winners to hold in your "degenerate" accounts, whether you'd be miles ahead instead of trading.