Conventional wisdom, kudos and hat tip to Phaedrus and Hoop.
Attachment 9466
Printable View
Conventional wisdom, kudos and hat tip to Phaedrus and Hoop.
Attachment 9466
Are people planning to sell if possible tomorrow and then buy back in again once things have settled or are people going to hold on, tough it out and then top up? Not sure whether to rush for the door or wait and watch :confused:
You might have just answered my question BaaBaa .... sell then wait then buy...
I really don't want to tell you what to do, but the biggest mistakes I've made on the market have involved selling.. I tend to remember, an investment is something that has intrinsic value – that is, it would be worth owning from a financial perspective, even if you could never sell it.
In my limited understanding , if i sell, i pay 33% tax on the profit. Now depending on how much that is , depends on if its worth it ot not , as you need to buy back at a 1/3 lower than you profit was.
So if i sell at $ 10 and make $3 profit i will need to buy back at 9 to break even ?
If i sell at $10 and only make $1 i need to buy back at $9.66, or something like to break even
if i buy back lower, i make money, if i buy back higher than 2/3 of my profit i loose. At least thats how i see trading ......
I,m probably wrong ,
but thats why investing can be better...... The less trades you do the less tax you pay on each one loosing you a1/3 each time ..
so for me i think if my profit is not much, i will probably sell if it goes past the MA 50.
if i have a bigger profit i might just hang on
does that sound logical ?