Never look back and think what if. It’ll screw with your head. For every trade that went higher you may have two you’d lose money on. As Greg always says, it’s never wrong to pull profits.
true, the times I did hold I got wasted...held appl during that monstrous downturn last year my option went from worth 12,000 to about nothing...but I came back!!! I bot a year long call and made some of the money back...
Agreed - most of the options i've sold for 10-20% went down after. My trading time table is short term right now so a 20% gain in 5-7 days is incredible. If I enter a trade with a long term mentality then I just ride out the bumps. It's served me best to stick with my plan and don't let my emotions intervene.
just bought 1 call as you specified XLE two seconds before you sent this. i hope its up!!!!!! looking to buy here on the dip as you called this am video.
Long-term investments, those held for more than a year, are taxed at a lower rate than trades held for less than a year, which are taxed at the normal income rate.
...
Day Trading Taxes – How To File.
Gross Annual Income Long-Term Tax Rate Regular Tax Rate
As a day trader Do you end up paying more taxes then buying low and then holding to receive a dividend? When i was with an institutional investor they told me that they use tax strategies in investing to minimize taxes. Its seems that this kind of option trading will result in capital gains tax for each trade? Does profiting most of the times like Gregory does offset the taxes ?
I guess buying calls with only a thousand or two to throw around is kind of pointless? I mean, pulling a 6% profit from a contract that's worth 350? Might as well shovel driveways.
My calls are up so far today. I added too.
Watching closely, Thanks Greg!!!
BTW the calls we bot for WMT that I did make a 3500 dollar profit from eventually were worth 44,000 , Im sick....
Never look back and think what if. It’ll screw with your head. For every trade that went higher you may have two you’d lose money on. As Greg always says, it’s never wrong to pull profits.
true, the times I did hold I got wasted...held appl during that monstrous downturn last year my option went from worth 12,000 to about nothing...but I came back!!! I bot a year long call and made some of the money back...
Agreed - most of the options i've sold for 10-20% went down after. My trading time table is short term right now so a 20% gain in 5-7 days is incredible. If I enter a trade with a long term mentality then I just ride out the bumps. It's served me best to stick with my plan and don't let my emotions intervene.
just bought 1 call as you specified XLE two seconds before you sent this. i hope its up!!!!!! looking to buy here on the dip as you called this am video.
It's already up! I got XLE again... indeed!
There is a lot of pressure on the market today! I like that, as my adrenaline spikes up and I really feel I live! :)
when is this big move supposed to happen?
Long-term investments, those held for more than a year, are taxed at a lower rate than trades held for less than a year, which are taxed at the normal income rate.
...
Day Trading Taxes – How To File.
Gross Annual Income Long-Term Tax Rate Regular Tax Rate
$418,401 or more 20% 39.6%
As a day trader Do you end up paying more taxes then buying low and then holding to receive a dividend? When i was with an institutional investor they told me that they use tax strategies in investing to minimize taxes. Its seems that this kind of option trading will result in capital gains tax for each trade? Does profiting most of the times like Gregory does offset the taxes ?
good question
I guess buying calls with only a thousand or two to throw around is kind of pointless? I mean, pulling a 6% profit from a contract that's worth 350? Might as well shovel driveways.
I'll take the $350. Shoveling driveways will give you a heart attack; besides, it's not snowing today.
Is there anything we should be watching?
what are your thoughts on XOP (SPDR Oil & Gas)?
thanks G
Thanks!