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/biz/ - Business & Finance

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27803911 No.27803911 [Reply] [Original]

I learned a lot of things over these past weeks, was totally sucked into the memes and paid the price.

You either succeed or you learned a lesson. Lessons were learned and I quite enjoyed the rush.

So my question is this, do you just sell stocks when it makes you a bit of profit?
For example I invest 100 and it ups to 120, I sell and make 20 dollars profit. Now I have 20 bucks I can invest back into something else.

OR is it better to hold on, and hope it doubles up so I have 200 dollars?

>> No.27803958

>>27803911
it depends, but long term investors are rewarded when they actually know what they're doing.

>> No.27803960

>>27803911
dca in dca out trend is your friend blah blah blah

jk 420 yolo put it all on black

>> No.27804027
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27804027

>look at good coins underperforming today
>puts some money in it
>waits until it goes up 5%
>sell
>repeat everyday, every hour, every minute

>> No.27804062

>>27804027
this only works if u dont pay taxes

>> No.27804072

>>27803911
You sell and you lose 20 bc ETH fees are like 40
and if youlost money on SHIBA you should getstoned and crucified, anyway good luck fren

>> No.27804081

>>27803911
This is why you research your own investments and decide whether it's a pump and dump or a long-term hold

>> No.27804137

Two words: be early on shitcoins, they either rug and you lose little or they pump 1000x

>> No.27804256

>>27804062
you don't need to pay for what they don't know anon.

>> No.27804299

>>27804072
shitcoin bagholders were a mistake

>> No.27804341

>>27803911
I learned that the hedgies always win. If I want to buy a certain stock that they don't want me to have they shut down the platform. If that doesn't work they just shut down trading in it. Rules are for me not thee.

>> No.27804343

>>27803911
I have got into crypto for the first time in the past month. Many lessons have been learnt. See you on the moon in due time brother.

>> No.27804409

>>27804062
>Paying taxes on unrealized gains from internet money that isn't used for anything
Bro.

>> No.27805084

>>27804062
Don't know how it works in the US but here crypto to crypto exchanges are not taxable, yet, it's only if I cash out to fiat that it becomes taxable

I'm just doing that until I feel like I have enough

>> No.27805264

>>27803958
But long term meaning months/years? And then it's only when you invest 10k. I feel like its a lost cause if you don't invest a whole lot.

>> No.27805302

>>27803911
Set stop losses daily. Its work, but you're making money, so you're being paid

>> No.27805348

>>27803911
do your own research that is the only good advice i can give you there projects that worth to hold long term and then there scams that may earn you massive amout of money but well. they scams and at some point it will crash really hard and fast so no holding!


thankfuly for you it is becoming more easy to recognize scams

>> No.27805362

>>27805084
They're taxable in the land of the free. Every transaction. Everytime you sell your doge for a FUN

>> No.27805497
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27805497

>>27805302
Stoplosses are only for when stocks sink right? You sell a stock when its below a certain point. So how can this be making me money?

Or do you stoploss when it goes over your investment and then sinks a tiny bit again?

>> No.27805521

>>27805362
Land of the free is not so free huh

>> No.27805522

>>27803911
There are two traders. Short term and long term.

Short term are vultures trying to make a profit the moment it has a bit of profit and they are active almost the entire day looking at charts all day.

Long term investors look at future potential gains and dont worry about it, while they fuck those short term dealers their wives.

>> No.27805556

>>27805362
Uh, isn't it just your gains that are taxed?
Though, how tf do taxes even work when exchanging directly from one volatile medium to another volatile medium

>> No.27805579

>>27805522
How much should I invest as a long term investor? I actually don't wanna wait a year and only earn 200 dollars.

Do you have any tips to seek out potential long term investings?

>> No.27805640

>>27805264
It takes some people years to even save 10k

>> No.27805766

>>27805556
Yes just capital gains if you gain, you can also write off losses.

>> No.27805870

>>27805497
Yes. Say you buy at 100 it goes up to 120. If you want to keep the 120 you set a stop loss of 120. If it goes up you keep it, if it does down it sells if as fast as possible to keep as much gain as possible.

But, what if there's a little dip then regains? You could set a stop loss of 100, so if it dips and regains you are still in. So I set mine daily and decide what my exit point is.

>> No.27805880

>>27804062
>t. retard
You only pay taxes on GAINS.

>> No.27806601

>>27803911
It depends. Do you think the stock is undervalued? Some stocks go up and up and up, while others don't go up very much, and some even go down.
You can be either greedy or a paperhanded bitch, but at least if you're a paperhanded bitch you'll have paper in your hands.
If you're a gambler you can fuck around with options and short selling to make profit faster. But make sure you know what you're doing, lots of idiots have given themselves 6+ figures of debt because they didn't bother taking 5 minutes to learn how options work before exercising hundreds of calls. Definitely use stop-losses with any strategy that has expensive failures.