General > General info Somewhat hot tub related
Bought a Masco product ...
Dr. Spa™ Ret.:
Would you mind defining "playing"?
Vinny:
--- Quote ---Would you mind defining "playing"?
--- End quote ---
Well, for me it would be buying a stock with hopes it'll go up in a short period of time. A day trader or ultra short term (week) investor is IMO a player vs someone who buys a stock with a longer horizon and weathers out the lows.
In a bull market almost all stocks will go up eventually but as the market turns bearish, not all stocks will keep going up for a little while until the trend brings them down as well.
I am a long term investor and just recently I started trading on a short term basis to see if I can make some extra money. I'll see how it goes.
Doc, do you have a definition of "playing" the market?
Dr. Spa™ Ret.:
My definition personally is, buying than selling within a month. I was just asking as some people see anything to do with the market as "playing". I've never had the nerve to "play". but have a bit of long term stuff.
Vinny:
Doc,
Since the middle of January I have been playing; using fundamental analysis and technical analysis, I'm trying my best.
So far I have made about $3000 by doing so and even at paying 28% taxes that's $2160. Not a lot of money if your looking at 1,000's of shares but I play around with 500 or 600 shares and buy 3 or 4 stocks at a time. Yes you can lose money (and I did) but as long as an Enron doesn't come around I shouldn't lose my shirt. If I find I suck at it I can always stop and whatever money I lost ... well I don't have an answer for that! :-/
It puts extra cash in my pocket, helps with some luxuries and gives me something to do instead of waiting for people to post here and on your board! ::) ;D
Who knows, I just may make enough money to upgrade to one of them super deluxe hot tubs! 8-)
Dr. Spa™ Ret.:
Keep in mind, day traders have a saying............. "I LOVE paying capitol gains taxes".
Paying taxes means you're making money.
I think you also write off up to $3k of losses a year with a 5 year carry over (check with your own account as I'm not totally sure on this)
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