At the moment, I am holding a stock for a long period of time (2-5 years) andI want to gain a better position with my share count and also average down. Is it a good idea to either swing trade it or position trade while putting the profits back into the stock?
Also, should I put a little aside for tax's when or if I swing trade?
thanks
Posted by Machiavelli on :
never average down... very bad idea... as for taxes.. dont put any aside.. just pay them when they are due... it's a cost of doing business..
Posted by stockstar on :
What are my options for increasing my share count?
My goal by the time I sell, a 2-5 year period, is to have double or triple the shares I have now.
Is that possible?
Posted by Machiavelli on :
sell on the rallies buy on the dips... you'll have more shares eventually...
Posted by stockstar on :
thank you. Hopefully by the time I sell, I will have the amount I am looking for.