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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Nancy who wrote (284926)4/20/2004 6:41:07 PM
From: Michael Watkins  Read Replies (2) of 436258
 
BUT loss in IRA account is useless - cannot write-off against your regular income or capital gain because it is pre-tax $$$.

Its the same situation for us north of the border.

An active and nimble trader would always take small losses rather than 30% losses, right? In a tax deferred account, losses are even more critical to manage, since no "benefit" can be accrued from them and big losses deplete working capital making it ever more difficult to return to positive let alone a net return.

Potecting capital is job #1 imo in such accounts. Especially with an overhyped POS that has reached the stratosphere LOL

Which is why I don't understand his "no stop loss because its in my IRA" comment. Does not compute.

ps, shades of late 1999/2000 in this market. All we need now is an analyst to come out and predict 800 per share for TASR a la QCOM.
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