I previously mentioned that I would do another (IRA) trading journal once my TDA IRA PNL rolls over in Jan. I earned $442K on my IRA balance in 2019 but it was on a significant starting net liq. I've been actively trading my IRA since 1993 with no exogenous cash since 1998(?). So the net liq was approximately 95% organic growth. I pulled the majority of the IRA (along with my taxable net liq) in 2019 to fund a partnership and to buy some RE. So here we are on the cusp of 2020 and I am going to be very aggressive with this $98K remaining in my IRA. I am jumping the gun a bit and working CMG short deltas, but the shit seems to trade by appointment. I am exceedingly bearish on the name for 2020... among others. The journal will be a bit unstructured. I have a lot of stuff going on in different spaces and most of it cannot be discussed publicly, however, I can discuss my IRA freely. I am short a slug of TSLA and AMZN here, but those are in pro-taxable accounts. Those won't be reconciled here; only stuff traded in my IRA. I am all for constructive discussions but will not tolerate trollish BS. We all know this thread will go to the top of the charts on views so I will be liberal with my reporting of trolls. If I can't keep you out then you will not benefit from the light refracting from my mind. (tongue in cheek... chill). It starts today if I gets a fill on CMG.
@destriero Great. Looking forward to reading your journal. BTW, I also trade in my IRA. But I don't withdraw due to tax penalties. Why do you withdraw from IRA account? Can't you just withdraw winnings from your taxable account. The penalty is as higha s 40% for early withdrawal?
I got to a point where I had two large commitments that I could not meet by liquidating my taxable accounts. I am still 15Y from retirement so it made sense at the time.
Oh wait, did destriero get banned or something? I see now he was the thread starter. Crying shame if so.
He started the thread just before 2PM today. There are only 8 posts in the thread, so yes, there would just one page of it.
Yes 10% plus regular tax rate (up to 37% for high earners) if before 59 1/2, unless hardship (medical bills after losing job). So probably 40% at least?. Still, dest piled up these bux no sweat and would have had to pay taxes eventually anyway, unless it was a Roth. Good luck dest, let 'er rip!