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MDawg
MDawg
Joined: Sep 27, 2018
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March 13th, 2020 at 8:11:07 AM permalink
That's probably it for today's extra shares trading. $4000. profit. Usually the third time a trader tries the rinse repeat, assuming it drops low enough to look favorable (in this case TSLA 543), the bottom drops out and you end up stuck.
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
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March 13th, 2020 at 8:13:28 AM permalink
Yes...see...543 looked good chart wise, but it's pushing 540 now. The bottom is dropping out.

That's not to say that TSLA won't hit 560 later, but as far as a high probability trade, my first two were it.
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
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March 13th, 2020 at 8:32:40 AM permalink
See what I mean...TSLA pushing 525 now. The bottom dropped out.

The FIRST especially and often the second drops are the dips to hit, while the stock has elasticity, people still buying haven't given up hope. After that, the trade becomes lower probability. I've been doing this a very long time, and haven't had a losing trade in years.
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.
billryan
billryan
Joined: Nov 2, 2009
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Thanks for this post from:
ForagerAxelWolfOnceDear
March 13th, 2020 at 9:12:46 AM permalink
Seems like corona isn't the only virus spreading around here.
sabre
sabre
Joined: Aug 16, 2010
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michael99000TDVegasForagerodiousgambitAxelWolfOnceDeardarkozUP84
March 13th, 2020 at 9:34:10 AM permalink
The only thing better than made up baccarat winnings are made up day trading winnings.
TDVegas
TDVegas
Joined: Oct 30, 2018
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AxelWolfUP84
March 13th, 2020 at 9:49:12 AM permalink
No one is timing stock trade buys and sells in this market. Good god....not only killing the baccarat tables but also better than Warren Buffet in the market. All hail Caesar!
michael99000
michael99000
Joined: Jul 10, 2010
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AxelWolfOnceDear
March 13th, 2020 at 9:56:54 AM permalink
I hope Walmart isnít sold out of shovels
MDawg
MDawg
Joined: Sep 27, 2018
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March 13th, 2020 at 10:28:25 AM permalink
Quote: TDVegas

No one is timing stock trade buys and sells in this market.


What are you TALKING about? That is the most absurd statement I've read in a LONG time.

First, Stocks 101. Do you know how a stock's price fluctuates? Only through a completed trade - a bid that the market maker (mm) matches with the ask. On a given day if a million sellers lined up and there were NO buyers, a stock's price would not change one whit.

So that is exactly what people are doing all day long, ESPECIALLY in this market, timing stock trades, buying on dips, shorting pops, all that. Why do you think the DOW, as I predicted last night, was up massively at the open, then sold off, also as I predicted to barely a hundred up, and then back up again?

Did I not only book the above two TSLA trades and predict, accurately, that a third one might be dangerous in that the bottom would drop out? And indeed, TSLA did drop as low as 502 or so after my second trade.

Although...I must admit, I didn't take my own advice. I did engage in a third trade. Just for half the normal shares, and I went for just a point scalp.


Anyway, let me log back into one of my stock accounts to make sure what I see is really there. That I didn't just imagine those six buys and fills today.

While I am at it, I had better take a trip to the bank and pull the drawer out of one of my safe deposit boxes to make sure all that lettuce I've been accumulating over the past two years in Baccarat and BJ, to toss on top of much more other cash I don't need and haven't spent, is real and not imaginary, because you all have got me doubting the reality of my daily existence.
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
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March 13th, 2020 at 10:34:03 AM permalink
Anyway, broader strokes. Let's hope that the traders (you know, the ones who TDVegas thinks ceased to exist in this market), hold on to their buys a little longer versus buy sell rapidly. Which, I am as much to blame as anyone for today's drop. I sold my extra shares of TSLA rapidly for 1 - 2 points per trade and did not hold on. Take a trader like me and multiply him by millions and you see why we aren't going up and staying 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
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March 13th, 2020 at 10:48:36 AM permalink
Can you see me now?
Move to the side a little bit so you can get a CLEAR picture
Can you see it?
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.

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