GREY:ISOLF - Post by User
Comment by
DukeDilligenceon Apr 17, 2018 11:03pm
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Post# 27902294
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:To be honest it doesn't matter what the news is or how great
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:To be honest it doesn't matter what the news is or how greatDecember to March...I still swing trade throught the year...Yeah, Jan correction got alot of people...I started unloading a little late too...I lost out on 40 k profit by holding something a cpl days too long..lol,..Oh well...Goodluck trading FatCat...Cheers
WannaBeFatCat wrote: Thanks! I just started investing 2 years ago. Got 25k in so far. Peaked at $58k in January and now im up $1k. Epic fail! Like I said, hopefully ill find the top this time and cash out... wait for bottom and but back. Congrats on riding your initial investment. Thats where its at! What months do you trade?
DukeDilligence wrote: Dropping 1 or 2k a month in a trading acount is a good amount...I'm guessing you invest more that you trade?....I trade full time 4 months a year and work the other 8... my trading acount has been building on an initial investment of 20k 3 years ago......Haven't had to add..yet...Congrats on the baby..
WannaBeFatCat wrote: As for me, I make $120k a year average and live in Coquitlam. My wife is 7 months prego and on mat leave. After bills and taxes, i could save $1k each month for investing. The rest has to go to bills, life, vacation, you name it. I look forward to when my wife gets going in her career again... ill be dumping 2-3k a month into the market for years.
DukeDilligence wrote: lol....Those sound like more of a spending problem...But...I get your point...
WannaBeFatCat wrote: Its true. But even people who make large money have tax problems. My wife is a real estate agent. Her friend made $300k in 2017 and blew it all. She's facing a 100k tax bill and only $50k to pay it. My best friends wife is a doctor. In 2015 they spent all their money on a new expensive car and a house. They had to get a line of credit to pay their taxes. Most Canadians dont have hundreds of thousands of dollars sotting around.
DukeDilligence wrote: Hmmm... Thats never crossed my mind....If you have big money I would think paying your taxes wouldn't be a problem........One thing I will say is...Seems like weed has brought alot of 'Mc Donalds employees" into the market...
WannaBeFatCat wrote: People with money to play stocks also pay big taxes. McDonalds employees dont buy stocks. I bet most people here earn $80k plus. Lots of people have taxes to pay by end of April. After that, they'll stack more cheese and buy more share, most likely in June. Most people are not rich. In fact, the vast majority of investors are normal people with careers who save money and invest for the long term.
DukeDilligence wrote: What does tax season have to do with it?
WannaBeFatCat wrote: Exactly. One of my first comments is were likely to go nowhere when the news is released, for that exact reason! Market sentiment sucks right now. We'll climb steadily after tax season and probably peak with legalization before we enter the inevitable bear market. I just hope im smart enough to know when to get out lol. I missed the boat in Januay and lost most of my gains.
LazyKike88 wrote:
if the market decides that it wants to bleed out the cannabis sector for a few days sorry but Isol is not going to escape the Wrath of the market. Even though we are a CBD based company were still lumped in with the rest of the cannabis sector.