Xring01
Well-Known Member
- Joined
- Feb 25, 2017
- Messages
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OK Guys, I am willing to share what I am doing in my Cash Accounts.
What is a Cash Account... Its not a 401K, or a IRA, it doesnt have any tax advantages. You have to pay tax on those proceeds. Before we get into my Cash Account. Lets talk retirement strategy 101.
First and foremost, take advantage of any employee benefits that you have from your company. If they offer 3% Match to your 401K contribution. Then put 3% of your money in no questions asked. Why, because you just got 100% ROI on that $$$. Best odds you will ever get. I have alot of other 401K Type of advice, but thats not the goal of this thread.
The goal of this thread is to discuss your cash accounts trading, whether is Long Term (Buy and Hold), Swing Trade (shorter term can be overnight to 6 months), or day trade.
So when you post what your investing or trading. Let us know what type of an investment it is.
For Instance:
My current Swing Trades
PRTS - In at @12.07 because its trading well below the 50MA, which a potential $17 Profit target. I will most likely swing this position many times over the next few months.
COST - 33% position at $373.17, trading below the 50MA, showing strength. Profits at the $400 area. so a 10% ROI potential
PINS - Played it several times recently. Just got back in @ $66.71, take profits in the $73 or higher area, so 10% ROI potential or higher, this one does have a tighter stop though
BABA - Below the 200 and the 50 MA, with 33% ROI potential. in at $237.17, profits in the $320 area, again, I might go in/out of this one several times over the coming months.
Wrapping up a swing trade on CRM.
Some of my better plays in 2020.
LVGO, CHWY, AMZN, PCG, DKNG, NIO, TSLA and others.... Hoping to duplicate my 2020 profits this year. CV19 gave me the time to truly up my game. I have spent all my free time over that last 3-4 months, reading, taking class's and learning as much as I can.
I hope we can get a good thread going, but its all up to you guys to also contribute. If I am the only one, then its will die.
Lets share info, on what you plan to invest in, and lets discuss the pro/cons, learn from one another, and hopefully make some $$$.
What is a Cash Account... Its not a 401K, or a IRA, it doesnt have any tax advantages. You have to pay tax on those proceeds. Before we get into my Cash Account. Lets talk retirement strategy 101.
First and foremost, take advantage of any employee benefits that you have from your company. If they offer 3% Match to your 401K contribution. Then put 3% of your money in no questions asked. Why, because you just got 100% ROI on that $$$. Best odds you will ever get. I have alot of other 401K Type of advice, but thats not the goal of this thread.
The goal of this thread is to discuss your cash accounts trading, whether is Long Term (Buy and Hold), Swing Trade (shorter term can be overnight to 6 months), or day trade.
So when you post what your investing or trading. Let us know what type of an investment it is.
For Instance:
My current Swing Trades
PRTS - In at @12.07 because its trading well below the 50MA, which a potential $17 Profit target. I will most likely swing this position many times over the next few months.
COST - 33% position at $373.17, trading below the 50MA, showing strength. Profits at the $400 area. so a 10% ROI potential
PINS - Played it several times recently. Just got back in @ $66.71, take profits in the $73 or higher area, so 10% ROI potential or higher, this one does have a tighter stop though
BABA - Below the 200 and the 50 MA, with 33% ROI potential. in at $237.17, profits in the $320 area, again, I might go in/out of this one several times over the coming months.
Wrapping up a swing trade on CRM.
Some of my better plays in 2020.
LVGO, CHWY, AMZN, PCG, DKNG, NIO, TSLA and others.... Hoping to duplicate my 2020 profits this year. CV19 gave me the time to truly up my game. I have spent all my free time over that last 3-4 months, reading, taking class's and learning as much as I can.
I hope we can get a good thread going, but its all up to you guys to also contribute. If I am the only one, then its will die.
Lets share info, on what you plan to invest in, and lets discuss the pro/cons, learn from one another, and hopefully make some $$$.
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