$HIMS
Added 2024-05-21 15:30:40 +0000 UTCAfter a 31% jump day yesterday, $HIMS is letting off some steam today and this is how I am seeing this unfold now.
We did not touch the 1.618 Fib yesterday at $21.24 so we are likely in Subwave 4 now of Wave 3 before one more subwave higher to complete Wave 3.
We took profits yesterday at +30% on the day and that has turned out to be a good decision before the pull back.
So right now, my entire position in $SHOP is all from $HIMS profits, so any profits made now on $SHOP will be compounded profits....this is where we see exponential returns.....this approach for me is far more attractive than leveraging a position, the risk is a lot lower.
So let's observe a the pull back here and see how it handles the 0.38 Fib at $16.91, next potential support level is at $15.91 on the 0.5 Fib
Comments
I’ve gotten bitten by waiting for long term capital gains in 2021. See charts and act accordingly and don’t wait for a year!
Dus
2024-05-21 22:00:43 +0000 UTCI found it. Only 20% was sold.
Brian
2024-05-21 19:11:14 +0000 UTCWhere was this call?
Brian
2024-05-21 19:08:37 +0000 UTCGreat call yesterday!
Dus
2024-05-21 18:50:17 +0000 UTCI want to do that too, but worried about Capital gains tax. Cap, can you pls address how do you handle that? Hold for long term and pay 15% capital gains tax (vs) sell at wave3 or 5 for capital gains of 40%. Would be a great lesson for all of us here
Rag
2024-05-21 17:28:54 +0000 UTCYep, using profits to start a position and making profits on this position is where compounding really shows its benefit, far more lucrative than taking a risk with leverage
Gareth Neary
2024-05-21 15:36:36 +0000 UTCFascinating comment about compounding by using profits to open a position…
MK
2024-05-21 15:32:43 +0000 UTC
