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RE: Getting a Rise

in LeoFinance3 years ago

Although I have a finance degree, I don't do much technical analysis of the charts of my own anymore. I have 2 main investment strategies that I've been using for the last few years that has been very successful and completely takes the emotion out of the game for me.

  1. Trade stocks based on large moves on trackers following US politian accounts. I hang in until the relevant legislation/evenet occurs and sell out to reclaim the initial investment.

  2. Trade crypto based on the delta of the 6hr and 24hr coin mentions compared to its 30day moving avg. Buy and hold strategy for only 1 or 2 hours based on it triggering the proper delta ratio and maintaining its tweet action. I'm happy to have these FOMO moonboys be my big data trading exit liquidity.

It is crazy to me that strategy 2 is beating strategy 1 by about 6x, but it does churn thru trades more quickly so I guess more opportunity for profit.

Those higher short term gains taxes are a killer, but still better to have profits taxed than have no profits at all. Getting back to your previous article about taxes... 💀💸

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but still better to have profits taxed than have no profits at all.

This is the case that many don't seem to realize.
Tax still sucks.

It took me a few years to get to a spot where I grew accepting of it.