Trade Findings and Adjustments 03-05-2019
Well Crap !!!! Our markets are down on good news….. AGAIN?!?!?!!!
I’ve shown a small portfolio that started out at 27,500 this year. It is my taxes portfolio because I sold a house, paid lots of things off and will have a huge, passive income long term, capital gains taxes due BUT I’m going to defer payment until Sept/Oct
BAC looks great because it is profitable BUT 10 contracts * 1.19 = Cost Basis of $1,125.00 /27500= 4%
Where is your risk tolerance?
Right not 1875 plus I have to add a $960 loss for a true cost basis of $2835
Current Value $2560 and I booked $575
Profitable?= (575 + (1875- 2560))=1260– 960 loss=$300
ALWAYS look at the whole picture and trust but verify.
