techno-ag said:

---

Stressboy said:

---

techno-ag said:

---

Let me introduce you to WWR.

---

Better when I get the inside joke, I guess. Everyone else thought it was funny so blue star for you.

---

Sorry. Winky means probably don't buy. But if you want to be in it with the rest of us, pick up 1000 shares and hold on. We're all gonna be rich.

---

When it gets to 30 cents, I'm in.

Anyone buying ORCL down here?

El Chupacabra said:

---

Anyone buying ORCL down here?

---

No, I bought it much higher and have resisted all temptations to average down. No idea what's going to happen and don't want to catch a falling knife. It might be a good buy now, but waiting on earnings report. I suspect I'll be sitting on it awhile.

Welcome to the clubhouse. Your username fits in well here. This is probably not the right thread for this question. Honestly, I would copy and paste your post into a new topic on the B&I board. You'll get much better feedback. Posts like this get lots of input.

This thread tries to stick to trading stocks and rarely deviates.

aggiebrad16 said:

---

Welcome to the clubhouse. Your username fits in well here. This is probably not the right thread for this question. Honestly, I would copy and paste your post into a new topic on the B&I board. You'll get much better feedback. Posts like this get lots of input.

This thread tries to stick to trading stocks and rarely deviates.

---

Thanks for the heads up on the correct etiquette.

Does your work 401k allow mega back door roth?

Usually when people ask me what to do with a large chunk of cash I recommend dollar cost averaging into the market. If they have the ability to contribute to a mega back door roth through their job and they are still working I recommend they up their withholding from their paycheck to something crazy like 50% or whatever the max is and just have money from your paycheck going into the roth and to live off that large chunk of cash while you are doing this.

Basically you will be taking a few grand from your paycheck every two weeks and putting in roth (and investing it) and then dealing with that loss of income by living off that chunk of cash to supplement for your reduced paycheck. Once you have worked that chunk of cash down to zero, then go set your withholdings back to normal to increase your paycheck back to where it was before you started doing this.

permabull said:

---

Does your work 401k allow mega back door roth?

Usually when people ask me what to do with a large chunk of cash I recommend dollar cost averaging into the market. If they have the ability to contribute to a mega back door roth through their job and they are still working I recommend they up their withholding from their paycheck to something crazy like 50% or whatever the max is and just have money from your paycheck going into the roth and to live off that large chunk of cash while you are doing this.

Basically you will be taking a few grand from your paycheck every two weeks and putting in roth (and investing it) and then dealing with that loss of income by living off that chunk of cash to supplement for your reduced paycheck. Once you have worked that chunk of cash down to zero, then go set your withholdings back to normal to increase your paycheck back to where it was before you started doing this.

---

Unfortunately, we are over the income limit to do a Roth now. When my wife retires we will use that no income time period to shift as much as we can from a traditional IRA to Roth but we will take the normal hit.

Income limit need not apply. That is why it's called a "backdoor" ROTH.

Stressboy said:

---

permabull said:

---

Does your work 401k allow mega back door roth?

Usually when people ask me what to do with a large chunk of cash I recommend dollar cost averaging into the market. If they have the ability to contribute to a mega back door roth through their job and they are still working I recommend they up their withholding from their paycheck to something crazy like 50% or whatever the max is and just have money from your paycheck going into the roth and to live off that large chunk of cash while you are doing this.

Basically you will be taking a few grand from your paycheck every two weeks and putting in roth (and investing it) and then dealing with that loss of income by living off that chunk of cash to supplement for your reduced paycheck. Once you have worked that chunk of cash down to zero, then go set your withholdings back to normal to increase your paycheck back to where it was before you started doing this.

---

Unfortunately, we are over the income limit to do a Roth now. When my wife retires we will use that no income time period to shift as much as we can from a traditional IRA to Roth but we will take the normal hit.

---

1) Mega backdoor Roth is a 401k strategy.
2) for regular Roth IRAs you can do a backdoor Roth if you're over the income limit.

txaggie_08 said:

---

Stressboy said:

---

permabull said:

---

Does your work 401k allow mega back door roth?

Usually when people ask me what to do with a large chunk of cash I recommend dollar cost averaging into the market. If they have the ability to contribute to a mega back door roth through their job and they are still working I recommend they up their withholding from their paycheck to something crazy like 50% or whatever the max is and just have money from your paycheck going into the roth and to live off that large chunk of cash while you are doing this.

Basically you will be taking a few grand from your paycheck every two weeks and putting in roth (and investing it) and then dealing with that loss of income by living off that chunk of cash to supplement for your reduced paycheck. Once you have worked that chunk of cash down to zero, then go set your withholdings back to normal to increase your paycheck back to where it was before you started doing this.

---

Unfortunately, we are over the income limit to do a Roth now. When my wife retires we will use that no income time period to shift as much as we can from a traditional IRA to Roth but we will take the normal hit.

---

1) Mega backdoor Roth is a 401k strategy.
2) for regular Roth IRAs you can do a backdoor Roth if you're over the income limit.

---

Got it now.

if I had the option to Megabackdoor I would live off of margin to max it out every year if I had to, such a cheat code to early retirement

I wish the mega backdoor Roth was an option for my wife or I. Neither of our plans offers it, but I'd totally do it every year.

We just have to put extra in the brokerage.

NVDA

Of the stocks I track MSFT and UBER seem to be at the best value price right now IMO.

Guys, I have an interesting one.

XITK - Innovative tech ETF.. call it a sub-sector of XLK, though it includes components of multiple sectors beyond just Tech.



Here's the list of holdings with largest being MU, and only 1 Mag7 being NVDA at #15.


I have this looking to start it's final move up in a diagonal targeting $236 at minimum. Diagonals move in 5 waves where each wave is comprised of 3-wave structures labeled ABC, and that's exactly what this one has done since the 2022 bottom. If it follows the trajectory of the C wave within Wave (1), we're looking at Feb/March resolution to target. If it follows the C wave within Wave (3), we'd be looking at May/June resolution. It doesn't have to follow those.. they are merely guidelines. It could go quicker and could go much longer. But ultimately, this has 30%+ upside into next year.



The only thing I'm watching for is to see if the bottom is in, or if it has one more low down to $158. To be bottomed, I can only consider a very unreliable wxy 3-wave structure. That's because corrections (which are either 3 wave structures, triangles, or a combo of both) normal end with C waves that take shape as 5-wave moves. We don't have a 5-wave (c) wave into the November low. WXY's are 3-wave corrections that are comprised of only 3-wave moves.. essentially they are corrections where bullishness regained before they could make their final low. But you can only default to that once every other possibility has exhausted. So to default to that, price has to break above $185.40. If it does, it should target low $190's and then hold above $175 on the next smaller degree correction. From there, you have the most high probability setup to confidently move in with a good stop. As of now, my alternate orange count shows one more low down to $158.



Getting out of the weeds, I like the potential here but would only enter if you are willing to have a stop no higher than $158. That's $18 below current price. Certainly risky. If you can't do that, simply wait for breakout above $185.40 and buy the next higher low from the November low with stop immediately below it. That could take weeks to confirm though.

Personally, I'm entering with half a position now and stop at $158. Will then go in harder once the upside path has confirmed as I laid out, OR, we hold $158 should it move down there.

Those of you with heavy positions in MU, you might want to go in with lesser size so as to not be over-exposed.

Make me a wave follower HA!

I'm in!

Woods Ag said:

---

Make me a wave follower HA!

I'm in!

---

I guess I have to caveat..

Anything can happen. While the pattern I've highlighted typically leads to one more high, the ideal scenario to go long is within a framework of 5-wave non-overlapping moves. We don't have that here. Because everything is "corrective", happening in segments of 3-waves, failure can happen at any point.

This isn't me hedging my bet to say I'm right one way or the other, as I already said I'm willing to risk it with this setup. This is me stating that the bullish case lies on a weak foundation. Hence why the stop is super important, and why being willing to lose however much that stop would cost you is a pre-requisite to joining on the setup.

I consider 5-wave setups highly reliable. I consider 3-waves setups within the blueprint of a diagonal 50/50 as to whether they will be successful or not. Because corrections are made up of 3-wave segments, and so far off the 2022 low, we only have 3 larger degree waves into the recent high and are closer to a support that could break than a resistance that could break.

/Caveat

What's drive my this BTC value destruction?

(Other than the fact that I finally went long a small amount, and damn bear refilled the absolute top)

UNG holding nicely in the 15s today.

Heineken-Ashi said:

---

Woods Ag said:

---

Make me a wave follower HA!

I'm in!

---

I guess I have to caveat..

Anything can happen. While the pattern I've highlighted typically leads to one more high, the ideal scenario to go long is within a framework of 5-wave non-overlapping moves. We don't have that here. Because everything is "corrective", happening in segments of 3-waves, failure can happen at any point.

This isn't me hedging my bet to say I'm right one way or the other, as I already said I'm willing to risk it with this setup. This is me stating that the bullish case lies on a weak foundation. Hence why the stop is super important, and why being willing to lose however much that stop would cost you is a pre-requisite to joining on the setup.

I consider 5-wave setups highly reliable. I consider 3-waves setups within the blueprint of a diagonal 50/50 as to whether they will be successful or not. Because corrections are made up of 3-wave segments, and so far off the 2022 low, we only have 3 larger degree waves into the recent high and are closer to a support that could break than a resistance that could break.

/Caveat

---

Prepped and ready.

I may jab for fun but my trading is my own. If I pull the triggers it's my doing

MDB smashed ER.

It's been a while, but i'm back with the latest Texas bank merger announcement:

City Bank acquires Bank of Houston. https://sg.finance.yahoo.com/news/south-plains-financial-inc-deepens-213400518.html

looks like back to ATH's this week, boys! enjoy the Aggie football CFP rally!

Thinking about some tax loss harvesting before year end. I have a good bit of short term gain this year. I've already sold some of my clunkers - looking at you SAVA.

Any thoughts or recommendations on this?

GeorgiAg said:

---

Thinking about some tax loss harvesting before year end. I have a good bit of short term gain this year. I've already sold some of my clunkers - looking at you SAVA.

Any thoughts or recommendations on this?

---

Do it. Can cut up to $3k of ordinary income if you have some real stinkers to unload.

https://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp

techno-ag said:

---

GeorgiAg said:

---

Thinking about some tax loss harvesting before year end. I have a good bit of short term gain this year. I've already sold some of my clunkers - looking at you SAVA.

Any thoughts or recommendations on this?

---

Do it. Can cut up to $3k of ordinary income if you have some real stinkers to unload.

https://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp

---

Unfortunately, following you guys has me with way more capital gains. I've never really bought or sold anything on a short term basis before.

techno-ag said:

---

GeorgiAg said:

---

Thinking about some tax loss harvesting before year end. I have a good bit of short term gain this year. I've already sold some of my clunkers - looking at you SAVA.

Any thoughts or recommendations on this?

---

Do it. Can cut up to $3k of ordinary income if you have some real stinkers to unload.

https://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp

---

I've always been a little confused on tax loss harvesting. So, for simple argument sake....if you were up 10k in capital gains in a given year, you could sell off 13k in losses to offset income? Or am I dumb af?

And, if you don't immediately spend the money from your loss sales, it simply draws down your taxable gains basis in the year, yeah?

Also, should I pay estimated taxes on short term gains? I can ask my accountant but thought I'd ask y'all too.

I am not a CPA. I just sell losers at years end and let my CPA sort it out.

You can only write off $3k of losses a year. The remaining $10k in your example would roll forward to subsequent years.

txaggie_08 said:

---

You can only write off $3k of losses a year. The remaining $10k in your example would roll forward to subsequent years.

---

ah ok, thanks. I've always been confused on that.

Don't think that's right. You can write off an unlimited amount of losses in a year. You can only roll over 3k in losses to a following year is how I understand it.

According to Grok:

Any net capital loss exceeding the $3,000 ($1,500 for MFS) limit carries over indefinitely to future yearsno expiration. This is essentially a "rollover" of the unused portion, allowing you to offset future capital gains or ordinary income.

I feel dumb even asking these questions, but if you're up on the year and don't have enough losses to completely offset gains, is it still good to sell off your losses to reduce your gains basis for the year (assuming you're ok offloading those stocks of course)?

also, if you're doing it all within a brokerage, is your accountant actually writing that off, or just taking the numbers directly from your brokerage statements?

Ok, is it that you can use an unlimited amount of capital losses to offset an unlimited amount of capital gains, but only a max $3k of capital losses can offset ordinary income?