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TDVegas
TDVegas
Joined: Oct 30, 2018
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Forager
March 13th, 2020 at 11:22:13 AM permalink
C’mon man. You’re like a child in the manner you conduct yourself. You go from forum to forum starting these threads which are self serving....you trash the wofv forum on gambling forums....you say “ain’t going back”. Your suspension lifts....you’re right back here.

You need attention. No harm....but needing attention in the manner you do is for babies, not adults.

Carry on with your adventures.
MDawg
MDawg
Joined: Sep 27, 2018
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March 13th, 2020 at 11:41:10 AM permalink
If you need to hurl invectives, that's on you. You mention "suspension" -

That's a personal insult, You should be suspended plain and simple.


I post the truth. I also post images to back it up when challenged.
If you don't want to accept that,
I don't know what else I can do for you.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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ForagerOnceDear
March 13th, 2020 at 3:30:40 PM permalink
Quote: MDawg

If you need to hurl invectives, that's on you. You mention "suspension" -

That's a personal insult, You should be suspended plain and simple.


I post the truth. I also post images to back it up when challenged.
If you don't want to accept that,
I don't know what else I can do for you.

Why not end all the speculation and have that meeting with Mike and another member and show them your winning baccarat play and whatnot? Then we can all enjoy your posts without all the skepticism.
♪♪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♪♪
MDawg
MDawg
Joined: Sep 27, 2018
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March 13th, 2020 at 3:38:03 PM permalink
Quote: MDawg

Most likely, tomorrow the broader market will open green, go up a lot, sell off to a little red, and then close very very green. That would make the most sense given today's and this week's action - action that has fooled a lot of people into thinking that things are going one way or another, depending on the time and day.



Today's action, exactly as predicted by MDawg last night!

Opened green (up a lot pretty much at the height of the pre-market futures), dumped (almost to red), then closed very, very green.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
unJon
unJon
Joined: Jul 1, 2018
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March 13th, 2020 at 3:48:20 PM permalink
Quote: TDVegas

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!



Whether or not you think MDawg is doing it, there are literally tens of thousands of day traders all over, who’s job is to do exactly what MDawg is posting.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
TDVegas
TDVegas
Joined: Oct 30, 2018
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OnceDear
March 13th, 2020 at 3:57:43 PM permalink
Quote: unJon

Whether or not you think MDawg is doing it, there are literally tens of thousands of day traders all over, who’s job is to do exactly what MDawg is posting.


Are you talking about trading arms of corporations like Goldman Sachs or are you talking about “Johnny Basement” in his pajamas in front of his E Trade screen?

95% of “Johnny Basements” fail outright. Maybe 1-2% are able to do it effectively. Excuse me if I don’t believe or cast doubt on the self proclaimed “baccarat killer” guy screaming “me, me, me....I’m a 1-2%’er on the market”.

Believe what you want. So will I.
unJon
unJon
Joined: Jul 1, 2018
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March 13th, 2020 at 4:00:17 PM permalink
Quote: TDVegas

Are you talking about trading arms of corporations like Goldman Sachs or are you talking about “Johnny Basement” in his pajamas in front of his E Trade screen?

95% of “Johnny Basements” fail outright. Maybe 1-2% are able to do it effectively. Excuse me if I don’t believe or cast doubt on the self proclaimed “baccarat killer” guy screaming “me, me, me....I’m a 1-2%’er on the market”.

Believe what you want. So will I.



“No one” is what you said.

I guess I’ll chalk it up to the old adage: Hyperbole is the best thing ever!!1
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
OnceDear
Administrator
OnceDear
Joined: Jun 1, 2014
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MDawg
March 13th, 2020 at 4:18:04 PM permalink
Quote: TDVegas

C’mon man. You’re like a child in the manner you conduct yourself. You go from forum to forum starting these threads which are self serving....you trash the wofv forum on gambling forums....you say “ain’t going back”. Your suspension lifts....you’re right back here.

You need attention. No harm....but needing attention in the manner you do is for babies, not adults.

Carry on with your adventures.

TDVegas,
Because you have an unblemished suspension record, I'm going to restrict my action this time.
WARNING! This strayed into personal insult territory.
There are ways of critically commenting on MDawg's posts without such insults to the poster.
Describe the posts if you must. If you find them unbelievable, express that opinion. Effectively describing the poster as a baby is not acceptable.

No suspension for you this time from me, but rein it in.
Thanks.

To MDawg. Carry on with your adventures. I'm sure some of us will carry on considering them to be amusing tales.
Take care out there. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed..
MDawg
MDawg
Joined: Sep 27, 2018
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March 13th, 2020 at 4:26:44 PM permalink
Most Day Traders do lose money.

The main reasons are that they lack the buying power to hold the trade and average in if they get caught with the stock moving against them. When I buy 1000 TSLA at current levels I can average in as much as 9000 additional shares if necessary and HOLD indefinitely (meaning - critically - overnight and longer) without engaging any sort of margin. Typically I buy in blocks of 1000, and if necessary, average in more shares, 1000 at a time, IF needed.

Most day traders are under capitalized and playing with day trading margin and unable (or unwilling) to hold past the end of the day.

As well, many of the day traders are trading OPTIONS because they lack the funds to trade real stock. Options expire and decay in value quickly, and most options expire worthless. With the real stock, if you get stuck, you are able to ride it out indefinitely.

Another reason is that they lack the experience to jump in at the right time, and also lack the experience to average in - quickly - when needed (assuming they even have the buying power, which is the other reason articulated above for their shortfalls).

I am really more of a position trader than a day trader, in that I'll hold a position for days or weeks if I am in the money, I won't sell myself short unless I am in a volatile market such as today's. In today's market I day trade long but in a better market I'll position trade long. I've been trading stocks for many many years, same as I've been casino gambling for many many years - the traders you see still doing it after all this time, like me, as well as the high rollers you see still doing it, after all this time, like me, are the creme that has risen to the top. The dross is long gone, but replaced with new traders, new gamblers.

And as well, TDVegas' statement was that "no one is doing it." Now he is altering his statement and talking about whether or not anyone is making money at it. That is not what he said, he's just trying now to clean up an absurd statement.

In any case, whether these other day traders are making money or not they are moving the markets. These armies of punks with their Robin Hood accounts move stocks just as much as the algos. These punks (and the algos) affect me as much as anyone. I place an order to buy 1000 TSLA or 1000 AMZN at x price, and some punk (or algo) immediately jumps in front of me at my ask x price plus .01 with a much smaller (100 share) order, and then a bunch of other punks (or algos) follow suit in .01 multiples.

You've seen Dr. Zhivago? "one man desperate for a bit of fuel is pathetic; five million people desperate for a bit of fuel will destroy a city" - all these traders add up to a large part of what moves markets.

The institutions TDVegas mentions, they buy and sell in blocks, they don't really trade, certainly they don't day trade. And the average guy who has a broker doesn't want his broker churning.

Yes of course the institutions move markets when they do step in, but that's not to discount the effect of traders, which, collectively, really do move markets too.


Against this back drop of trading extra shares, I hold many stocks - long - for many many years.
Last edited by: MDawg on Mar 13, 2020
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
MDawg
MDawg
Joined: Sep 27, 2018
  • Threads: 15
  • Posts: 1002
March 13th, 2020 at 9:25:38 PM permalink
Quote: OnceDear

TDVegas,
Because you have an unblemished suspension record, I'm going to restrict my action this time.
WARNING! This strayed into personal insult territory.
There are ways of critically commenting on MDawg's posts without such insults to the poster.
Describe the posts if you must. If you find them unbelievable, express that opinion. Effectively describing the poster as a baby is not acceptable.

No suspension for you this time from me, but rein it in.


Except that my first offense, an alleged personal insult that I recall was something not even directed at anyone in particular and was simply an off hand remark about the suspected value of the watches owned by some members who were accusing me falsely of posting fake watches, came after I had been a WOV member for a year or so, with an equally unblemished suspension record, and I received a one week suspension.

Personally, I don't care about what these guys say other than that I will defend the truth to the nth degree. But, if you're going to hand out justice, make it be even handed.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.

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