I did not see any thread with this so I thought it would be fun to ask if folks would like to share their best short-term returns they've ever enjoyed? Maybe include %'s in lieu of $.
I typically buy and hold stocks so I'm more of a long-term value investor but my most handsome gain was of the short-term variety in June 2016.
I had been following LinkedIn as I really liked the platform and as most, saw how so many folks used it to make business connections and enhance their careers.
I bought and sold it twice for decent gains in 2015/2016 - I believed in the platform but the stock was so volatile so it was a hard one to hold. After they reported a big earnings miss (I believe it was April 2016), stock fell from ~$170 to $90. I did not have a position at the time but was checking the RSI and I remember it was in the low teens so it was beyond oversold. With my pulse quickening, I bought a really sizeable position (for me, anyways)
The media reports were really negative - I remember watching the business networks and they were saying there was hate-selling (whatever that means).
It rebounded to like $110 the next month and then Microsoft came in and bought out LinkedIn for $180/share in June 2016.
I had not yet heard the news. I remember logging into my brokerage account. and seeing a big green + amount for the day. I thought I logged into the wrong account - I literally thought it was a mistake. It was better than waking up on Christmas morning as a 5 year old.
I think Microsoft eventually upped their offer to the mid-190's but I was long gone by then ...it was a clean double in 2 months but also a gift for Uncle Sam as it was in my Brokerage Account and not my IRA - DOH! - and thus a STCG.
Does anybody have some simple technical indicators (like RSI) they utilize to make better buying and selling decisions? Which ones do you find are the most effective/reliable?
I typically buy and hold stocks so I'm more of a long-term value investor but my most handsome gain was of the short-term variety in June 2016.
I had been following LinkedIn as I really liked the platform and as most, saw how so many folks used it to make business connections and enhance their careers.
I bought and sold it twice for decent gains in 2015/2016 - I believed in the platform but the stock was so volatile so it was a hard one to hold. After they reported a big earnings miss (I believe it was April 2016), stock fell from ~$170 to $90. I did not have a position at the time but was checking the RSI and I remember it was in the low teens so it was beyond oversold. With my pulse quickening, I bought a really sizeable position (for me, anyways)
The media reports were really negative - I remember watching the business networks and they were saying there was hate-selling (whatever that means).
It rebounded to like $110 the next month and then Microsoft came in and bought out LinkedIn for $180/share in June 2016.
I had not yet heard the news. I remember logging into my brokerage account. and seeing a big green + amount for the day. I thought I logged into the wrong account - I literally thought it was a mistake. It was better than waking up on Christmas morning as a 5 year old.
I think Microsoft eventually upped their offer to the mid-190's but I was long gone by then ...it was a clean double in 2 months but also a gift for Uncle Sam as it was in my Brokerage Account and not my IRA - DOH! - and thus a STCG.
Does anybody have some simple technical indicators (like RSI) they utilize to make better buying and selling decisions? Which ones do you find are the most effective/reliable?
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