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Sprint Corporation Message Board

  • edubb000 edubb000 Nov 20, 2009 2:58 PM Flag

    my friend lost 450grand last year and my other friend

    lost 500g on walkallovervia wachovia.... im mainly on the sidelines... i learned alot of lessons from being a roulette wheel player... stocks you have an advantage you dont have to sell them til you want to... hard part is holding them through all types of weather...

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    • Holding them until their is a definitive change in their position in their industry is probably the way to go. If you are successful than most likely you will be in a top income tax bracket. Since your short term gains are taxed at about 20% higher than your short term gains, in order for trading to make sense you must be able to regularly beat the markets by 20%. Otherwise you are just blowing smoke. I would wager that maybe one in 1000 retail traders can be the market by anywhere close to 20% on a regular basis.

      If you are trading in an IRA, then one is employing a strategy that most aggresive money managers won't even partake in. Hell, even Cramer has his IRA in mutual funds, or so he says.

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