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3/3 - UBER hit another 10% drop in my Long Term IRA so I purchased another share bringing my holdings to 14 shares. As with all my long term trades, I will sell half upon overall doubling of the investment.
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3/3 - I added a share of SBUX to my long term IRA Account today as the pricing came in with a 10% overall dip bringing my holdings to 11 shares. As with all my long term trades, I will sell half when the overall value has doubled.
2/11 - I purchased 8 shares of GE today at $99.03 per share in my Long Term Trades (IRA). This stock is looking better and better as a long term bet and with the plans of splitting into three, I think this will help it. I think it has good potential to double in value in the next few years. As a Long Term Trade, I follow a different rule of selling half when the position doubles. I already had two shares (20 before the last split) and this purchase brings me up to my standard holdings in the IRA account of 10 shares.
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Long Term TradesLong Term Trades are trades that are made in a Traditional IRA which are meant for long term growth. I use a different approach which gears to almost only dividend paying stocks and hold assets until they double, in which time I take half back into the cash account so the remaining balance is house money. As with short term, make sure that your IRA is in an account without fees. I recommend the Chase Account as they will also give you an opening bonus. Short Term TradesShort Term Trades are what the majority of my regular trading consists of. Short Term Trades I generally expect a 10% uptick in the stock price in the next 6 moths or less. It is important that you use a brokerage account without fees, to maximize your profits. I personally use Chase as they have no fees and it is easy to use and navigate. They also offer a bonus to sign up with them.
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