The AMC Stock Discussion Thread

[humminbird]

A client of mine had 5K shares at 5 dollars, said he cashed out at $29

I would be sick
Selling early is worse to me than losing money

 

[I Really Mean It]

I sold at 27. I always guess wrong

 

[Dreamchaser]

 

[GoldenGlove]

I would be sick
Selling early instead of losing money is worse to me

He's huge on fundamentals. I was telling him shyt could blow up like 2 weeks ago. He stayed true to his strategy and didn't waiver.

5K shares is a lot more than most people have in this thread tho, so that kinda return isn't an L IMO

 

[humminbird]

He's huge on fundamentals. I was telling him shyt could blow up like 2 weeks ago. He stayed true to his strategy and didn't waiver.

5K shares is a lot more than most people have in this thread tho, so that kinda return isn't an L IMO

Yeah true
I can’t really clown him for doing what he thought was right

 

[NkrumahWasRight Is Wrong]

He's huge on fundamentals. I was telling him shyt could blow up like 2 weeks ago. He stayed true to his strategy and didn't waiver.

5K shares is a lot more than most people have in this thread tho, so that kinda return isn't an L IMO

I have a similar friend

I told him this has nothing to do with the fundamentals

He may have bought puts I havent checked on him

 

[Uchiha God]

I don’t care what anybody says making even $10K over throwing money at some shyt and looking at a ticker/chart is crazy to me. shyt even $1K is a win in my eyes.

nikkas making money by being on their couch looking at their phone

this is the future I was put on this Earth for

 

[2stainz]

I don’t care what anybody says making even $10K over throwing money at some shyt and looking at a ticker/chart is crazy to me. shyt even $1K is a win in my eyes.

nikkas making money by being on their couch looking at their phone

this is the future I was put on this Earth for

real shyt. working yourself to death at a 9-5 is savagery and soon to be obsolete

 

[DaddyFresh]

I would be sick
Selling early is worse to me than losing money

Nah that’s just the greed all humans have. It was just as likely to crash at that price as it was to skyrocket. Trading is about playing it safe and securing profits. Not holding on to the possibility it will 10x after securing 5x profits. Playing for maximum gains will leave you with more losses then gains

 

[MyApps]

Can I buy this stock through CashApp? and Is it Secure/Safe?

 

[Ezekiel 25:17]

Gah damn! 30% of $30k is $9k

Wait I dont think that is how taxes work for capital gains. Can anybody here confirm?

Thus shyt is hella confusing, somebody correct me if I'm wrong. Short term capital gains is counted as your income, so you pay whatever bracket you're in. 30% sounds about right for most folks, but I don't know.

So if you make $50k salary and $50k in stock profits, your income is now $100k

You also have to pay quarterly if it's anything over $1000 or you'll be charged a fee

 

[I Really Mean It]

Made profit but I sold this at $26.50

Anyone know what next lick is being lined up?

 

[I Really Mean It]

I’ll concede that I didn’t see this getting close to 70.

 

[Ezekiel 25:17]

For anybody thinking about taxes, this calculator might be right.


Capital Gains Tax Calculator

 

[HoldThisL]

Would probably be best served going to reddit on that one. I do know that the IRS would have no idea what you made unless whatever service you're using were to report it, or if your bank flagged a transaction.

Yeah I found it.

Long-Term vs. Short-Term Capital Gains Rates—Which Is More Favorable?
Solved: Are long-term capital gains calculated progressive...

"
Basically there several LTCG rates (e.g. 0%, 15%, 20%) each of which applies to certain brackets of income. Using round numbers for singles in 2019, %0 for $0 to $40k, 15% from $40k to $440k, 20% over that. (plus possible net investment income tax for higher earners but that isn't applies to all income not just capital gains.)

Ordinary income fills up these brackets first and is taxed at regular income rates. LTCG then fills up the remaining and is taxed at the special rates.



Again, simplifying, if you had $30k of ordinary income and $100k of capital gains you would pay ordinary rates on $30k, 0% on $10k and 15% on $90k.

If you had $60k of ordinary income and $100k of LTCG it would be ordinary rates for $60k plus 15% of $100k

"

Just make sure you guys put money away for taxes if you gain alot