Thread Rating:

MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 4th, 2020 at 7:26:16 AM permalink
I got stuck in some trading AMZN shares yesterday that I was able to sell today at a profit - crazy, AMZN was -19 in the pre and is now almost +50.

Soopoo, you must be green all the way by now, no? I mean everything is up. I'm at another ATH as far as all of my stock accounts, trading and long term.

OneNickel I hope you gave up that bad habit of shorting.
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.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 108
  • Posts: 6826
August 4th, 2020 at 7:39:53 AM permalink
Quote: MDawg

I got stuck in some trading AMZN shares yesterday that I was able to sell today at a profit - crazy, AMZN was -19 in the pre and is now almost +50.

Soopoo, you must be green all the way by now, no? I mean everything is up. I'm at another ATH as far as all of my stock accounts, trading and long term.

OneNickel I hope you gave up that bad habit of shorting.



Well... I'm 'green' if you go back far enough of course! As I've said... I have 5 separate portfolios, 4 retirement, 1 not. The one retirement one that I call WoV portfolio is BY FAR up the most. Has AAPL, TSLA, FB...... The others are up from their inception, but I've started tracking them more closely since 9/1/2019. The WoV portfolio is up around 15% since then, the other 4 are up around 2%. Remember, all 5 have around 20% bond exposure which limits upside in a good market and downside in a bad one. Yes, WoV portfolio is at an all time high.

Ok, MDAWG..... give me ONE stock we haven't mentioned for me to buy for a long term hold...... I can add it to WoV portfolio!
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 4th, 2020 at 7:57:02 AM permalink
NFLX?

I went just 250 per on my TSLA trades today. I have been going 500 per lately trying to keep each lot around a mill. It was a good idea because the bottom dropped out and then I averaged in for a single quick trade. Lately I have been doing (making) 2500 - 5000 (dollars) per trade but when I get stuck the tendency is to get the hell out and regroup, so in this case, $500.

When I bot at 1501 the bottom dropped out so I put in a sale at 1503 to make a couple pts and get out. Later, it dropped even lower, so I averaged in at 1485 and sold all 500 @ 1494 to make a point - and the same $500. I expected in the first place.

Trade $1.5M of a stock to make five hunny? Yes. It all adds up and these are just trading shares anyway, nothing to do with my long term TSLA. The goal is minimum five grand a day, and yes some trades end up wobblers like this one, but many end up runaway winners. No losers tho, just average in more shares and ride it out!

The casinos may be (effectively) closed but the greatest casino in the world remains open - Wall Street! with much higher probabilities of success.

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.
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 4th, 2020 at 8:14:41 AM permalink
Did another TSLA one 1481 to 1485. Might've sold too soon this time but still - if I'd kept hanging around for 1503 on the first trade I'd still be stuck in that one.

That's the way I do it, and why I do better on red days actually than green as far as trading. I buy the dips, scalp usually five points, less if it gets iffy, average in more shares if needed, close out and then re-evaluate for the next one. On pure green days there's almost no need to trade just watch the long terms go up.
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.
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 4th, 2020 at 8:31:17 AM permalink
1478 to 1481
1467 to 1472

At some pt. I will have hit the bottom and it'll jump far up from there, but over all, these quick scalps are safe and profitable. And again, these are just trading shares, I don't touch my long term.
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.
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 71
  • Posts: 6097
August 4th, 2020 at 8:59:32 AM permalink
I have been lucky on my AMD stock I bought about 3 months ago. I bought it as a long term investment hoping to get 10% a year or so. It is up 50% in 3 months.

I am terrible at picking stocks so this one will probably go back down.
Living longer does not always infer +EV
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 4th, 2020 at 9:55:41 AM permalink
I think your AMD will do fine - most any stock bought during that massive coronavirus related drop is much higher now. There are some exceptions of course, such as airline stocks, but even they are off their lows.
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.
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 5th, 2020 at 10:18:34 AM permalink
Plucked a couple K off TSLA @ its lows, otherwise just been resting watching AMZN and others go green. Easy day.
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.
darkoz
darkoz 
Joined: Dec 22, 2009
  • Threads: 232
  • Posts: 6760
August 5th, 2020 at 1:07:38 PM permalink
Quote: MDawg

Plucked a couple K off TSLA @ its lows, otherwise just been resting watching AMZN and others go green. Easy day.



Do you just sit and obsess over the ticker or do you watch some soaps (As The World Turns?) During your easy days
For Whom the bus tolls; The bus tolls for thee
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 984
August 5th, 2020 at 1:39:21 PM permalink
Ca depend.

If I'm not doing any trades that day I might not look at all.

If I'm in a trade and it's heading right to where I want it quickly, I will usually watch it closely until it closes. If I end up far out of the money and I've decided that I won't average in more shares anytime soon, because I feel like it's going to drop a lot more, I might not watch it at all - watching too closely at times may lead to over trading.

In the early mornings I'm probably doing nothing but the stock market but after about 8am PST I will be attending to other things too. The regimen is a bit different these days since I'm working from home still. When I have outside appointments or need to travel those might be days I don't trade at all.

Do you plan your next casino ploy minutely from home, or just hit the road and hope for the best?
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.

  • Jump to: