Monday, December 6, 2010

I'll Be In A Whole New Tax Bracket...


... the 10% tax bracket that is. But if you're stellar at trading, that's not necessarily a bad thing - keeping about 90% of what you make, that is. Today's market action proved that I'm not in that category just yet and the Professors of Finance out there may just get to have their way with me. I did far worse than the global market today.

-0.74% on the SBA
-0.64% on the Roth IRA

I have been researching some $5 and under plays and I found several shovel sellers that hit their 52WHs in January. If seasonality repeats itself, then I'm in for some quick cash if I manage to get in. I'm flip-flopping though. Do I buy now or do I buy after the Santa Clause Rally? Is there going to be a SCR? One month is getting to be too long to tie your cash up in the market. I'm trying to time my trades for quicker gains rather than staying in one sector for an entire year (or three).

I'm also trying out a few crazy prices on Extended Hours Trading. See if you can catch me there.



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