Originally Posted by lewdog:
NIO off and running. Personally my strategy is as follows.
I am swing trading stocks, holding a few days to a few months depending on how they move. My goal in this extended market is to find stocks on breakout and get 10-20% gains and limit losses to 5-10%. This allows me to only have to be only right 50% of the time and still make profit and grow my account size.
NIO is up 20% for me in a few weeks. I will sell 50% of my position this morning and put the rest of the shares with a stop market loss at Friday's high of $59. This will guarantee me a nice profit and avoid downside risk and capital loss, which I need to make more trades on stocks breaking out.
This book has revamped my thinking on individual stock investing. I recommend it highly.
Long term investing in my 401k and IRAs is a much different story. I simply rebalance 1-2x per year and don't do any of this.
Similar strategy to me. My 401k for mutual funds, 1 ira for long "forever" stocks, 1 ira for swing trades, and 1 tax account for the smaller swing trades. I do the same with crypto accounts.
Some stocks I'm both long and swing. TSLA and NIO are good examples. [Reply]
Originally Posted by IrishChief:
Anyone into crypto check out Telcoin. I invested last week and have more than doubled my money. Do some research, solid project and goes live in a few weeks.
Originally Posted by -King-:
For you guys with young kids, what's your investment strategies for their accounts? What ETFs do you have for them or would recommend? Do you do any individual stocks? Etc..
Originally Posted by -King-:
For you guys with young kids, what's your investment strategies for their accounts? What ETFs do you have for them or would recommend? Do you do any individual stocks? Etc..
Just a total market index fund. Nothing flashy for me. This is in a 529 for my son. [Reply]
I locked in gains and got stopped out on a few positions Friday.
Sitting 25% cash and may wait until after January 20th to get that portion back in. Will be interesting to see how market reacts to any turmoil this week (from either side). [Reply]