Stock Trading -or- ReconSWS's Bane

[Nish]

Well you did right by hitting at FELX my only regret there is not buying more.

[Axel]

This needs bumped. How'd those trades work out over the past year?

I sold DFS and YETI in February to kill off the last of Mrs. Axel's student loans. Both did pretty well, especially since I caught the DFS near the bottom in 2020. I was focused on building a dividend portfolio: FE, KMI, ORRF, RGR (that one might have been a mistake), FDVV--but lately CDs and Treasuries have been getting my focus for new buys. I feel like it's a good time to let my stocks ride and buy up interest bearing instruments while the rates are decent

[Axel]

Yeah, I dumped some crap in the play account as well as a couple gainers. Overall it should balance my realized gains and dividends this year fairly even.

+1 for buying on sale. Unfortunately NAVI didn't really dive close to my average cost so I haven't picked up any more of that lately. It's still extremely satisfying when THEY pay ME.

[maggot]

Totally agree. My plan is for my wife and I to max our 401k this year if at all possible.

[desertT1]

My account value is down about 15% from semi-recent highs, but most of my holdings are dividend stocks. I’ve been buying shares each time with all of the cash paid so in reality I’m down more than the 15%.

not super worried. As long as none of the stuff I have goes BK, I’m just buying shares on sale. As long as the payments keep coming, shares can stay at these prices forever as far as I’m concerned.

[maggot]

🎼'Tis the season to harvest losses🎵
🎶 Fa-la-la la-la, la-la, la-la
This ain't the year we quit our bosses🎵
🎶 Fa-la-la la-la, la-la, la-la
Don we now our piddling dividends🎵
🎶 Fa-la-la, la-la la-la la-la!
'22 markets sucked like the bends🎵
🎶 Fa-la-la la-la, la-la la-la!

Haha, this landed for me. My goal last christmas was to be at a point where I could make a decision this christmas on continuing the rat race or doing my own thing. That certainly didn't work out, BUT some fortunate things did happen so whatever.

[gabe]

PLTR looks like it'll get trimmed to "harvest" losses. Don't see the super speculative stuff coming back any time soon

[Axel]

🎼'Tis the season to harvest losses🎵
🎶 Fa-la-la la-la, la-la, la-la
This ain't the year we quit our bosses🎵
🎶 Fa-la-la la-la, la-la, la-la
Don we now our piddling dividends🎵
🎶 Fa-la-la, la-la la-la la-la!
'22 markets sucked like the bends🎵
🎶 Fa-la-la la-la, la-la la-la!

[FullContactUSA]

Thanks for clarifying. I still consider myself at the stage where I know just enough to be dangerous. (To myself)

[desertT1]

Is that US Oil? I bought a bunch of that when oil was trading at $0.00 a barrel; but I bought it in my IRA account. Then I was told that I could screw my tax standing for the retirement account because it doesn't behave the way most securities do so I dumped it all. Now the only oil company I hold is BP.

USOI is a covered call note (ETN, not ETF) that sells covered calls of USO. They pay a coupon (basically a dividend, but taxed at your normal income rate, not your cap gains rate) every month. The monthly payment is what they make in premium from selling the calls. Sometimes it’s ok and sometimes it’s pretty sweet. If it was a regular stock I’d sell covered calls myself, but I don’t want to deal with USOs quirks so I do this instead. Been buying and drip’ing for a year and have been pretty happy.

[FullContactUSA]

Is that US Oil? I bought a bunch of that when oil was trading at $0.00 a barrel; but I bought it in my IRA account. Then I was told that I could screw my tax standing for the retirement account because it doesn't behave the way most securities do so I dumped it all. Now the only oil company I hold is BP.

[bellicose]

Seconded on the market. The past few months have been ugly.

[desertT1]

USOI still paying a really nice dividend. Oil looking to be heading up which will boost payments a little. Nothing else on my watchlist is all that appealing to add to.

[JCC]

Really quite here as market continues to take a $hit. Nice dead cat bounce at the moment. I am still happy having moved to cash in Jan, but I did make a 40k move on Monday buying some twitter thinking Elon was about reach an agreement. Did not realize how lucky I would be that next day he realized he was loosing that battle and committed to moving forward at full purchase price. +25% for something I held less then 24 hours.

[JCC]

Why I called out "Significant Bear market" there are lots of small "Bear markets" that bring the average down, but if you remove those and look at Bear markets that average shoots up to 600ish days. I think its safe to say you only need to look at the average length of bear markets that go along with a named recession which is 600ish days, but who knows maybe we have an unexpected upturn and it ends sooner. I have no idea what that positive even would be at this point as really the best we could hope for at the moment is news that we have slowed the bleeding as no signs of anything so positive happening that it will stop in the short term.