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Thanks to the latest Omicron updates, the market will probably go into the basement when it opens today.

Just an FYI!

Never having any interest in the markets until now with both some dabbling in crypto and the stock markets, never knew what prompted huge gains and losses.
Isn't end of the year traditionally a time of wild swings with profit and loss taking? I read where you can sell your losers and claim a loss, then wait 30 days and repurchase them and still be "legal" with that loss. You win both ways - claim your loss and then still own those shares.
Seeing the wild losses in crypto, I read that the 30 day wait is not yet in the rules. Not really sure, as I am just riding out the swings and hoping the New Year brings back the profits.

ScrapMetal wrote:Never having any interest in the markets until now with both some dabbling in crypto and the stock markets, never knew what prompted huge gains and losses.
Isn't end of the year traditionally a time of wild swings with profit and loss taking? I read where you can sell your losers and claim a loss, then wait 30 days and repurchase them and still be "legal" with that loss. You win both ways - claim your loss and then still own those shares.
Seeing the wild losses in crypto, I read that the 30 day wait is not yet in the rules. Not really sure, as I am just riding out the swings and hoping the New Year brings back the profits.

I'm not smart enough to try to daytrade crypto so my winning strategy...so far...has been to simply buy and hodl a few of the top coins. I'm also on the Celsius Network which lets me borrow against my crypto. That's been helpful. With a 25% LTV you can borrow at 1% and extend the loan if you need to.