Tax Loss Trading

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Permalink Reply by Stocks To Buy on December 29, 2011 at 8:33am

If you take a loss, make sure you don't buy them back for 30 days or you will be subject to a wash sale.

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Top MemberPermalink Reply by Danny on December 29, 2011 at 9:12am

Yea Tim I didn't know that until mid year. I was gonna buy some back but now I'm good cause I sold everything in October.

I owe a lot this year however I'm giving almost none to the govt, I'm putting all into a new 401k and profit sharing through my company. It's better than giving it all to uncle sam. 

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Top MemberPermalink Reply by Terry H on December 29, 2011 at 9:42pm

Just finished the webinar. If you're a stock person, you might be interested in trying this last day of the trading year trade.

In brief, certain bubble stocks (on a weekly chart) will be sold tomorrow morning for a tax loss. The best ones are NFLX (perfect weekly chart), FLSR, RIMM. Others are GMCR, CREE, TZOO, OPEN, SHLF, SINA, PLCM, JNPR.

These can be bought through options or buying the stock when the selling volume has dried up. Hold them for 1 to 2 days after the weekend for a pop because the selling will have dried up, and then sell them. You're looking to sell on a bounce.

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Top MemberPermalink Reply by Terry H on January 8, 2012 at 8:54pm

These end of year trades did really well. Here's how www.tradethemarkets.com recommends managing them:

http://www.tradethemarkets.com/public/Hope-you-are-killing-it.cfm?u...

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