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Forum » **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR
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Thread: **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR

post 1627099263 12-31-2020, 09:22 AM
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#6931
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
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If AMC gets below $2, it's over
post 1627099313 12-31-2020, 09:22 AM
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#6932
  1. thatsnarf
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  1. thatsnarf
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Originally Posted By topperstyle⏩
So any positions I have that are red can just be cut loose for tax purposes right?
yes, 3k a year. anything else will carry over.
post 1627100053 12-31-2020, 09:28 AM
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#6933
  1. Heaney
  2. Registered User
  1. Heaney
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Somehow I'm green right now, a whopping 0.07% lol
post 1627101383 12-31-2020, 09:41 AM
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#6934
  1. chino3
  1. chino3
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Originally Posted By chino3⏩
Even as a TSLA Stan this is just crazy. I have 1/15 $750cc’s. Tempted to just buy at these levels for security. Would be a 9% return in 2 weeks for it hits. Or I get left with some pricey bags lol
Dear diary, STO @ $13, BTC @ $12.9, Currently trading at $19. das it.

Decided to take advantage of this jump with $800CC 1/29 and $1000CC 3/19
Originally Posted By Galindo62⏩
Nvm. Also fking palantir tanking.
oof. my $20CSP 2/19 not looking great
Originally Posted By MinisterOfLust⏩
Ending the year on a bloodbath.
I'd love to not close the year out with a red blemish, but thats the game
Originally Posted By MinisterOfLust⏩
Oh great, thanks.
Originally Posted By Travis99⏩
Should have sold that’s csp on arkg today
I sold puts on every ARK there is this week, and I'm red in all but one lol
Originally Posted By topperstyle⏩
Bezos should order rope from his own website
this. Let's just pray it stays above $3035 by 1/29
Originally Posted By Travis99⏩
Considering buying a second home in Vermont. With the interest rates the way they are right now having a rental seems almost like a bad idea not to.
Still trying to figure out if we will be moving to VT, so a rental out there may be the way to go for us. That way if we move, we will have a place. If not, just another rental.

Also, not sure if you have experience with rentals, but unless you state it will be your primary residence, you will have to come up with 25% down
Originally Posted By twovalvekid⏩
Where in VT?

Just gotta make sure it's in a well traveled area for rentals.

Just moved from upstate NY and would spend weekends at Killington. Amazing town. Going to buy a rental there towards the end of the ski season this year since it may be a bad season with people exiting after covid.
Any idea what the rental market is like out there?
Originally Posted By topperstyle⏩
So any positions I have that are red can just be cut loose for tax purposes right?
Yes, that's what I did with RKT. If you plan to re-enter, just make sure you wait 31 days from sale date
Originally Posted By thatsnarf⏩
yes, 3k a year. anything else will carry over.
This is only if your losses exceed your gains, ie net negative for the year. Otherwise, if you have $100k in gains, but have a -$30k position, you can sell at a loss and just have a reported $70k in gains for the year.

But if you're overall down for the year in realized gains/losses, you will be capped at deducting $3k loss, but every year you can deduct another $3k etc.
"It won't get better, just different."
post 1627101613 12-31-2020, 09:43 AM
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#6935
  1. twovalvekid
  2. N3rd Op3rator
  1. twovalvekid
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Originally Posted By chino3⏩
Any idea what the rental market is like out there?
Killington fluctuated wildly the year before the pandemic. One of the entry level 1 bedroom condos would go for about 85-100k. Right before the Rona those had creeped into the low 100s.
MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew

RIP YGST
post 1627101913 12-31-2020, 09:46 AM
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#6936
  1. FFailed
  2. Registered User
  1. FFailed
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Originally Posted By thatsnarf⏩
yes, 3k a year. anything else will carry over.
It’s capped at 3k only if you don’t have any capital gains to offset which Id assume he does. That just reminded me though I think I can actually count the 2k I lost on Robinhood this year against my income since all my gains were in a Roth IRA lol.
post 1627102163 12-31-2020, 09:48 AM
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#6937
  1. topperstyle
  2. 720 Crew
  1. topperstyle
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Originally Posted By FFailed⏩
It’s capped at 3k only if you don’t have any capital gains to offset which Id assume he does.
I do
post 1627102503 12-31-2020, 09:52 AM
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#6938
  1. thatsnarf
  2. Registered User
  1. thatsnarf
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Originally Posted By chino3⏩
This is only if your losses exceed your gains, ie net negative for the year. Otherwise, if you have $100k in gains, but have a -$30k position, you can sell at a loss and just have a reported $70k in gains for the year.

But if you're overall down for the year in realized gains/losses, you will be capped at deducting $3k loss, but every year you can deduct another $3k etc.
Originally Posted By FFailed⏩
It’s capped at 3k only if you don’t have any capital gains to offset which Id assume he does. That just reminded me though I think I can actually count the 2k I lost on Robinhood this year against my income since all my gains were in a Roth IRA lol.
this, i should've been more clear.
post 1627103503 12-31-2020, 10:02 AM
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#6939
  1. Travis99
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  1. Travis99
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Originally Posted By twovalvekid⏩
Where in VT?

Just gotta make sure it's in a well traveled area for rentals.

Just moved from upstate NY and would spend weekends at Killington. Amazing town. Going to buy a rental there towards the end of the ski season this year since it may be a bad season with people exiting after covid.
Well, the place my wife told me about today is in the upper eastern corner in Guildhall VT. I can't see that being a big tourist area, but it's extremely cheap. It's what got me thinking, plus I've always wanted to live in Vermont. My wife and I have been talking about it for 20 years. So to get something now and rent it out for 10 years, then move in for retirement would be the idea. The goal would be to have it paid off so we could just enjoy the views with the heat on lol.




Also, just picked up another 100 shares of AAL because obviously I'm a glutton for punishment... But it will eventually come back, right?







Right?
There is no they…
post 1627103683 12-31-2020, 10:04 AM
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#6940
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
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Debating whether to sell PLTR at a loss to reduce my gains by $3k. Maybe I should do that right before market close today and buy right on market open Monday.. hmm
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627103973 12-31-2020, 10:07 AM
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#6941
  1. hamburgerbread
  2. BestLifter's Alt
  1. hamburgerbread
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Is RKT even serious right now?

This stock is like the dumbest chit I've seen. Legit troll stock. Fkking POS.
MTC ==> Medium Test Crew...Best of both worlds
Legit Ten incher crew (PM me for proof)
Theta gang
post 1627104223 12-31-2020, 10:10 AM
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#6942
  1. hamburgerbread
  2. BestLifter's Alt
  1. hamburgerbread
  2. BestLifter's Alt
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I'm selling some 750-760 debit calls spread on tsla.

Fck TSLA!!!
MTC ==> Medium Test Crew...Best of both worlds
Legit Ten incher crew (PM me for proof)
Theta gang
post 1627104583 12-31-2020, 10:13 AM
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#6943
  1. chino3
  1. chino3
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Originally Posted By topperstyle⏩
So any positions I have that are red can just be cut loose for tax purposes right?
Originally Posted By topperstyle⏩
I do
Originally Posted By TugOfPeace⏩
Debating whether to sell PLTR at a loss to reduce my gains by $3k. Maybe I should do that right before market close today and buy right on market open Monday.. hmm
you guys need to read my post about TLH (tax loss harvesting) just a few posts up. Look for the long dear diary post
"It won't get better, just different."
post 1627105003 12-31-2020, 10:19 AM
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#6944
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
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Chino do you like selling options both ways?

For instance- thinking of buying 30 more shares of RKT to round out my total to 100. Then sell a CC at $22 and while doing that sell a CSP @18. Collect premium both ways as it continues to trade sideways. Seems easy enough right? Then I collect both premiums assuming it trades 18.01-21.99 right?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627105243 12-31-2020, 10:21 AM
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#6945
  1. Travis99
  2. Philosophy Crew
  1. Travis99
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Originally Posted By twovalvekid⏩
Where in VT?

Just gotta make sure it's in a well traveled area for rentals.

Just moved from upstate NY and would spend weekends at Killington. Amazing town. Going to buy a rental there towards the end of the ski season this year since it may be a bad season with people exiting after covid.
Now, this is the place I would prefer.

https://www.zillow.com/homedetails/4...20901287_zpid/
There is no they…
post 1627106753 12-31-2020, 10:36 AM
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#6946
  1. johnnyboi123
  2. 14/F/Cali
  1. johnnyboi123
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looks like rkt is trying to shake out every miscer into selling before breaking out...testing every ounce of your patience lmao
post 1627106843 12-31-2020, 10:37 AM
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#6947
  1. hamburgerbread
  2. BestLifter's Alt
  1. hamburgerbread
  2. BestLifter's Alt
  3. Join Date: Mar 2020
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Originally Posted By RobParks2M⏩
Chino do you like selling options both ways?

For instance- thinking of buying 30 more shares of RKT to round out my total to 100. Then sell a CC at $22 and while doing that sell a CSP @18. Collect premium both ways as it continues to trade sideways. Seems easy enough right? Then I collect both premiums assuming it trades 18.01-21.99 right?
If you don't think it'll move much in either direction...just do some iron condors. Make make premiums in both directions without holding any shares.
MTC ==> Medium Test Crew...Best of both worlds
Legit Ten incher crew (PM me for proof)
Theta gang
post 1627106963 12-31-2020, 10:38 AM
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#6948
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
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Originally Posted By chino3⏩
you guys need to read my post about TLH (tax loss harvesting) just a few posts up. Look for the long dear diary post
I didn't see a long post, but I did read your post on the previous page - doesn't look like I missed anything? I looked through the past 10 pages and didn't see anything. Only thing I can think of is somehow I've made a wash sale from buying/rebuying it several times this month, but then again I'm only looking to reduce my total gains so that wouldn't matter
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627108783 12-31-2020, 10:59 AM
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#6949
  1. topperstyle
  2. 720 Crew
  1. topperstyle
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Say something I’m guhving up on you
post 1627109313 12-31-2020, 11:06 AM
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#6950
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
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Originally Posted By RobParks2M⏩
Chino do you like selling options both ways?

For instance- thinking of buying 30 more shares of RKT to round out my total to 100. Then sell a CC at $22 and while doing that sell a CSP @18. Collect premium both ways as it continues to trade sideways. Seems easy enough right? Then I collect both premiums assuming it trades 18.01-21.99 right?
hell yes brah. That was actually how I recouped my RKT losses. I just kept selling calls slightly OTM. Excellent strategy for sideways stocks. I have $20CSP's for 2/19, that I would be 100% ok with getting assigned just so I can do this again
Originally Posted By TugOfPeace⏩
I didn't see a long post, but I did read your post on the previous page - doesn't look like I missed anything? I looked through the past 10 pages and didn't see anything. Only thing I can think of is somehow I've made a wash sale from buying/rebuying it several times this month, but then again I'm only looking to reduce my total gains so that wouldn't matter
last comment @https://forum.obnoxiousbrutes.com/showt...post1627101383
"It won't get better, just different."
post 1627110173 12-31-2020, 11:17 AM
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#6951
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Any chance you know how quickly the cost basis updates on ameritrade? Wondering if I would see my realized gain if I sold at a loss today, or if it would show up Monday
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627110323 12-31-2020, 11:19 AM
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#6952
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
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Originally Posted By TugOfPeace⏩
Any chance you know how quickly the cost basis updates on ameritrade? Wondering if I would see my realized gain if I sold at a loss today, or if it would show up Monday
It would update tomorrow even though markets are closed. Just do the basic math my guy. Current profits -whatever loss you'd realize today.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627111033 12-31-2020, 11:26 AM
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#6953
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
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Originally Posted By RobParks2M⏩
It would update tomorrow even though markets are closed. Just do the basic math my guy. Current profits -whatever loss you'd realize today.
Alright. I apologize for cluttering up the thread with so many questions, but I had one more - does the loss apply to my cost basis if I sell after hours, or does it have to be within the close of market?

Just realized I could potentially reduce my gains by $4k, which would save me $1k come tax time. My only risk would be if PLTR somehow mooned significantly by open on Monday which I doubt, planning to buy back in
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627111523 12-31-2020, 11:32 AM
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#6954
  1. Heaney
  2. Registered User
  1. Heaney
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Originally Posted By TugOfPeace⏩
Alright. I apologize for cluttering up the thread with so many questions, but I had one more - does the loss apply to my cost basis if I sell after hours, or does it have to be within the close of market?

Just realized I could potentially reduce my gains by $4k, which would save me $1k come tax time. My only risk would be if PLTR somehow mooned significantly by open on Monday which I doubt, planning to buy back in
You're down 4 grand on PLTR?
post 1627111593 12-31-2020, 11:33 AM
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#6955
  1. chino3
  1. chino3
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Originally Posted By TugOfPeace⏩
Alright. I apologize for cluttering up the thread with so many questions, but I had one more - does the loss apply to my cost basis if I sell after hours, or does it have to be within the close of market?

Just realized I could potentially reduce my gains by $4k, which would save me $1k come tax time. My only risk would be if PLTR somehow mooned significantly by open on Monday which I doubt, planning to buy back in
TLH must be completed by end of trading day on the final day of the year (today). If you do sell for a loss, and then buy back in next week, you will have negated your TLH and end up with a wash sale, defeating the entire purpose.

You have TDA right? If you have account specific questions I highly highly recommend calling their customer support. They are SUPER helpful.
"It won't get better, just different."
post 1627111633 12-31-2020, 11:33 AM
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#6956
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
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Originally Posted By TugOfPeace⏩
Alright. I apologize for cluttering up the thread with so many questions, but I had one more - does the loss apply to my cost basis if I sell after hours, or does it have to be within the close of market?

Just realized I could potentially reduce my gains by $4k, which would save me $1k come tax time. My only risk would be if PLTR somehow mooned significantly by open on Monday which I doubt, planning to buy back in
No worries gotta get it done right. If you rebuy might be a wash?

PLTR probably suffering from a lot of people thinking they'll do that same exact thing. If you believe in it and plan on rebuying perhaps just hold through and don't take the L.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1627111933 12-31-2020, 11:36 AM
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#6957
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
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Originally Posted By Heaney⏩
You're down 4 grand on PLTR?
Unfortunately yea. Bought in this Monday and averaged down, I think a lot of people are in a bad spot.
Originally Posted By chino3⏩
TLH must be completed by end of trading day on the final day of the year (today). If you do sell for a loss, and then buy back in next week, you will have negated your TLH and end up with a wash sale, defeating the entire purpose.

You have TDA right? If you have account specific questions I highly highly recommend calling their customer support. They are SUPER helpful.
Yea, tda. I do call them every now and then, they are helpful.

Ah makes sense. I figured it would be a wash but couldnt find anything about year end sales that mentioned it.

Just going to hold then.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627112693 12-31-2020, 11:44 AM
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#6958
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
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Originally Posted By TugOfPeace⏩
Unfortunately yea. Bought in this Monday and averaged down, I think a lot of people are in a bad spot.



Yea, tda. I do call them every now and then, they are helpful.

Ah makes sense. I figured it would be a wash but couldnt find anything about year end sales that mentioned it.

Just going to hold then.
How many shares? You need to be selling covered calls if you have enough (an with that amount down, I have to imagine you have AT LEAST a couple hundred shares). Premiums are juicy AF bruh. It's the only reason I'm not trippin about my 2/19 $20CSP.

Even if your CB is $30, and you sell CC's for 2/19 @ $30, you can get over 5% return if it gets called away...



Also, I don't know how twitter works, but I started following this guy recently because ho lee fook!

"It won't get better, just different."
post 1627114153 12-31-2020, 12:01 PM
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#6959
  1. TugOfPeace
  2. 1012 ng/dl
  1. TugOfPeace
  2. 1012 ng/dl
  3. Join Date: Oct 2013
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Originally Posted By chino3⏩
How many shares? You need to be selling covered calls if you have enough (an with that amount down, I have to imagine you have AT LEAST a couple hundred shares). Premiums are juicy AF bruh. It's the only reason I'm not trippin about my 2/19 $20CSP.

Even if your CB is $30, and you sell CC's for 2/19 @ $30, you can get over 5% return if it gets called away...



Also, I don't know how twitter works, but I started following this guy recently because ho lee fook!

I’m roughly 1200 shares deep, cost basis @ roughly $27. I think I need to get approved for options trading to do what you suggested - looking at the options menu on mobile though, still trying to decipher what this stuff means
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1627115133 12-31-2020, 12:12 PM
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#6960
  1. twovalvekid
  2. N3rd Op3rator
  1. twovalvekid
  2. N3rd Op3rator
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Originally Posted By Travis99⏩
Now, this is the place I would prefer.

https://www.zillow.com/homedetails/4...20901287_zpid/
Could prolly rent that out and break even. LOL
MFC
Misc Cologne Crew | **BBC** | Aventus Friday Crew

RIP YGST
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