Selling helps(must be trader trained)
$AMC Entertainment (AMC.US)$ When a stock starts to dip that youre invested in, a trader will sell off his shares, and then buy back in close to the bottom of that dip. Thus purchasing more shares to help drive the stock up more than before. Ex. Bought 3160 shares @6.33 Stock went to 8.48 then started declining. Sold @8.08. When stock declined to 7.68 bought back in with what was made from earlier sell which increases share total to 3325. And thats what it’s all about. Please dont try this at home. Must have experience. ![]()
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FirstStrike Veteran : I thought the rule was to wait 30 days after selling a stock to buy back again?
Mcsnacks H Tupack OP FirstStrike Veteran : That’s for tax purposes. If you buy with a ira or a 401k it doesn’t matter since it’s tax free then
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : And i know hundreds of ways around the tax man.
YoLoBr : Every time I try, I get hit with the wash sale..
FirstStrike Veteran Mcsnacks H Tupack OP : How do you get to trade with 401k, I have an employer 401k is it possible to make my own decisions with it. I would also ask for your tax saving information, of you wouldn't mind sharing.
OldNormanBates YoLoBr : depends on where your Broker is really located..I haven't seen Moomoo do it yet
YoLoBr OldNormanBates : maybe that's why..
JEFFE : Damnnn that’s legit
Mcsnacks H Tupack OP FirstStrike Veteran : It’s called a 401k brokerage window account. You can’t buy options or buy on margin with it. But I don’t like those anyway. Most employers allow. Some will let you but you have to meet with an expert investor before to let you know the options and they will suggest investments
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : Or you can also do what i did to help that even. Find a couple of shitty women I mean just completely irresponsible and only care about themselves, get them pregnant and presto. You get the two kids, they pay you child support and that’s two dependents you can now claim every year. Your Welcome.
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