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MDawg
MDawg
Joined: Sep 27, 2018
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March 24th, 2020 at 11:25:50 AM permalink
Of course it's at 1914 and higher now. And that's the way the market often tricks traders - they panic and sell at a loss (such as when I was down as much as eleven grand on this trade) when by holding on just a little longer, they could have booked their intended profit.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
michael99000
michael99000
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ForagerAxelWolf
March 24th, 2020 at 11:40:08 AM permalink
Quote: MDawg

FILLED @ 1913. $2000. booked.

It was looking pretty iffy, dropped as low as 1900 and I was going to average in but I didn't. Anyway, it worked out.



19 trades, 19 straight winners.

Keep it going
MDawg
MDawg
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March 24th, 2020 at 11:41:57 AM permalink
Like I said, when you have a comment on something you actually know something about, please feel free.

I don't have 19/19 winners. I haven't booked a losing trade in something like two years.

A couple times though I was stuck for what seemed like forever...such as when I got caught in that end of 2018 downturn. I was down more money than some people will make in a lifetime on a single AMZN trade. But I held on, and it came back on AMZN earnings date. I was actually on the ski slopes when it filled lol, in the AH. Ironically, I put in another order to buy a hundred points lower thinking it would never fill, but it did! before the lifts closed. And then I was stuck again, for some time, just like that, because it ended up dropping MORE than a hundred points even after the earnings had skyrocketed it enough in the first place to save my a** on the prior AMZN trade.
But it came back eventually.

Put it this way, given that AMZN will eventually hit 2200 (my prediction), how is it possible to book a losing long trade on it? You tell me. At worst, even if you sucked at this, which I do not, you'd still eventually make your bones.

In the meantime, how's sports betting?
Last edited by: MDawg on Mar 24, 2020
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
michael99000
michael99000
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ForagerTDVegasAxelWolf
March 24th, 2020 at 11:46:43 AM permalink
Quote: MDawg

Like I said, when you have a comment on something you actually know something about, please feel free.

I don't have 19/19 winners. I haven't booked a losing trade in something like two years.

In the meantime, how's sports betting?



What was the comment I made?

It was simply a fact I stated . Since you began this thread youíve made 19 trades with 0 losses. Itís a historic run.

No losing trades in 2 years, lifetime winner at bacc using the quit while ahead method. This level of greatness needs to be appreciated, not hated on.
MDawg
MDawg
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March 24th, 2020 at 11:50:06 AM permalink
Okay fine. 😎 I apologize for assuming a note of sarcasm and doubt. 🥳 I truly must have gotten the wrong impression of you a while back.

But my point is, 19/19 is NOT a historic run. Go long on industry leading stocks that tend to go up over time, and you'll always make money. If anything, I'm selling myself short - making pennies day trading when if I'd just bought more shares and kept them I'd have done better.

I do have long shares of AMZN going back a very long time, but I mean if I had just continually ADDED shares to it and KEPT them every few months versus just trading extra shares, I would have done better.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
TDVegas
TDVegas
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AxelWolfmichael99000
March 24th, 2020 at 12:27:36 PM permalink
Quote: michael99000

What was the comment I made?

It was simply a fact I stated . Since you began this thread youíve made 19 trades with 0 losses. Itís a historic run.

No losing trades in 2 years, lifetime winner at bacc using the quit while ahead method. This level of greatness needs to be appreciated, not hated on.


Iíve never seen anything like it. Iím marveling. Unprecedented.
AxelWolf
AxelWolf
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TDVegas
March 24th, 2020 at 12:57:58 PM permalink
Quote: MDawg

Okay fine. 😎 I apologize for assuming a note of sarcasm and doubt. 🥳 I truly must have gotten the wrong impression of you a while back.

.

LOL!!!
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
vegas
vegas
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March 24th, 2020 at 2:15:38 PM permalink
Quote: MDawg

Of course it's at 1914 and higher now. And that's the way the market often tricks traders - they panic and sell at a loss (such as when I was down as much as eleven grand on this trade) when by holding on just a little longer, they could have booked their intended profit.





Yes some people panic and sell at a loss.........others get excited and sell too early.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
MDawg
MDawg
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onenickelmiracle
March 24th, 2020 at 2:26:26 PM permalink
I generally sell too early. But not because I get excited - I set the sell price usually right after the buy is filled.

Most of the time, I look at it and realize that I left a lot on the table. But sometimes, the bottom falls out, and the trade would have ended up becoming a medium term hold if I hadn't sold quickly. I guess you could call me a scalper - I'm usually happy with a point or two.


What's "funny" as I am sure you have seen yourself, is that so often you make a point today and the bottom falls out and you are patting yourself on the back thinking, I done good! and so happy that you averted disaster. Then, next morning the stock gaps up thirty points and you realize that you would have done better to have stuck with it. Which is why, I'll admit it, longer term investing generally makes more than trading. I try to do both.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
vegas
vegas
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March 24th, 2020 at 2:38:40 PM permalink
Yes you are very right. If you hold good big name stocks you will make money.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong

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