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TDVegas
TDVegas
Joined: Oct 30, 2018
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October 15th, 2021 at 9:51:16 PM permalink
Quote: MDawg

I've held TSLA for years straight now, and probably won't sell any until it breaks 1000.
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The start of this thread (LAST YEAR) makes it sound like you have only been TRADING TSLA (in and out). I saw nothing about “long term” holding shares in the stock. Just trades. In and out.

The record is there. I didn’t go thru every post…but the ones I did indicated nothing about a long term position in TSLA. Just day trades.

Now, you’re long TSLA for over 4 years straight????
MDawg
MDawg
Joined: Sep 27, 2018
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October 15th, 2021 at 9:59:05 PM permalink
Quote: MDawg



Yesterday I had a similar experience. I had, a fair amount of trading shares of AMZN that had a cost average of 1836. I was hatin', as it closed at well below that. So I put in an order to sell in the AH at 1837, and went to the gym. I really didn't expect much to happen. But then towards the end of my workout, around 5pm (California time), I came back to see that it had filled! Apparently the news of the President's coronavirus announcement had driven up the AH market.

Well, of course we all know what happened post announcement. Futures tanked, and the market was ultra-red again today. If I hadn't gotten that fill in the AH yesterday I woulda been down...considerable on those shares, this morning. I skated on that one. And again today.

But who knows, if AMZN opens up massively tomorrow then my fill at 1680 in the AH today will seem like a joke. In any case, I have a fair amount of very very long term shares of AMZN, and I am looking forward to AMZN's getting back above 2100.
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Quote: MDawg

Anyway my very long term AMZN is up today, but my long term TSLA is dragging me down some. I hold a lot more AMZN than TSLA though.

I would have loved to trade some extra AMZN today, oh well.
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Quote: MDawg


My long term shares of AMZN and TSLA are up very nicely, and the extra grand is just icing on the cake for today. Still have a long way to go though, I'd like to see TSLA back over at least 800 and AMZN back over 2100. That will take a while, and we WILL have ups and downs before that happens.
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Quote: MDawg

What I don't like about these days, especially as far as my long term holds, is how the DOW might be up a ton one day, and STILL futures go red that night threatening to give half of it back the next day.
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Quote: MDawg

I can't believe BAC is now below 19. I have held THOUSANDS of shares of that for, going on ten years or so now. Below 19 - that seems oversold to me.
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Quote: MDawg

UP day, I tend not to trade on days like this just watch my long terms go up. Lately I am more of a buy the dip for trades on down days trader.

Another way to do it is to short the pop on a given stock, and a lot of traders have done extremely well with that lately, but for me to do that I'd have to go short against the box (of my long terms) and that seems contradictory - like betting red and black at the same time on the roulette wheel.

CMG and AMZN are going up and down though, there are trading opportunities there just have to hit it right.

Looks like NFLX is down today, at least at the moment. That is about the only long term hold of mine that is not green today.
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Quote: MDawg



TSLA is marching back on up, that is helping my long terms a lot too.
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Quote: MDawg

Every time there is a correction some think that things will keep going all the way down the toilet. This is the same ridiculous extreme thinking as beliefs that stocks will go straight up, without pause. The truth - is somewhere in between. Which is why I posted yesterday that there seemed to be hesitancy in the market, not a sign of sustained immediate recovery.

As far as individual stocks, some of the stocks I held dropped a LOT more at the end of 2018, and yet within just a few short months were higher than ever. A few DAYS can be an ETERNITY in this stock market, let alone a few weeks, or months. I don't think it will take nearly as long as you think, to recover. And anyway, if you thought we were in for a long, sustained drop, why did you pull the trigger on long term holds already? I would hope that the answer would be - that you may never get the absolute top, or bottom. Waiting around with your hands in your pocket for some arbitrary price point doesn't work.

Or as another has said, "You can't get rich with a weather vane."
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Quote: MDawg

If you follow me, you know that I've been long many many shares of all of these stocks since 2006-7. I just trade additional shares daily. Not every day, but most days.
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etc. etc.

I think onenickelmiracle asked me the same question about a year and a half ago. I own many stocks very long term, but frequently trade additional shares. This is why I advised SooPoo when he started doing the same to make sure that his basis designation in his account was set to LIFO. If you know anything about any of this, you will understand.

Quote: MDawg

As Donnie Brasco might have said, "I didn't do not'in."



Some days, I might not trade because too busy. Other days, because my long term stocks are just going straight up with no real dips, and sometimes I don't trade because the high probability trades don't present themselves.

Today I didn't trade because my main brokerage account was malfunctioning. Probably just as well - I read all over the internet about horror stories of some traders who managed to enter trades notwithstanding the glitches, and then were unable to get out, as whatever stock they were trading, dropped.
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I do trade additional blocks of AMZN, TSLA etc. usually 1000 share blocks but sometimes less, but I have held much larger blocks of these and other stocks for years and years. Put it this way: I almost never trade a stock that I do not own long term. When I trade, I trade additional shares, LIFO!

I guess you weren't around when I advised people to buy the **** out of AMZN when it popped over 2000, and TSLA pre-split. DarkOz was one person I kept advising to buy and hold TSLA maybe two years ago, I think it was. You gotta buy and hold long term FIRST, then trade additional shares. I have never advised anything but that. Ask SooPoo, he is my #1 disciple.

Man, you missed the MDawg party bus then, no wonder, if you think long term is not the way to go. Trade for extra income!
Last edited by: MDawg on Oct 15, 2021
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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October 16th, 2021 at 6:13:57 AM permalink
From the beginning, MDawg has mentioned he has long term holdings in a few stocks which he identifies as leaders in their sector. TSLA was certainly one of them.

No worries for me, MDawg. All my TSLA is in a retirement account so no tax consequences for my trading.

Disciple? LOL!
unJon
unJon
Joined: Jul 1, 2018
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October 16th, 2021 at 7:03:06 AM permalink
Quote: TDVegas

Quote: MDawg

I've held TSLA for years straight now, and probably won't sell any until it breaks 1000.
link to original post


The start of this thread (LAST YEAR) makes it sound like you have only been TRADING TSLA (in and out). I saw nothing about “long term” holding shares in the stock. Just trades. In and out.

The record is there. I didn’t go thru every post…but the ones I did indicated nothing about a long term position in TSLA. Just day trades.

Now, you’re long TSLA for over 4 years straight????
link to original post



He’s mentioned long term holdings of Tesla and Amazon and others for as long as I can remember.
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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October 16th, 2021 at 7:15:17 AM permalink
Quote: MDawg

Ask SooPoo, he is my #1 disciple.

Man, you missed the MDawg party bus then, no wonder, if you think long term is not the way to go. Trade for extra income!
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Quote: SOOPOO

Disciple? LOL!
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I think MDawg's No#1 Fan might be upset at SooPoo's promotion.

I've been struggling lately, wondering whether the description 'Disciple' could be construed as a personal insult. So I avoided using it for certain 'Fan's' of the Great One.

disciple
dĭ-sī′pəl
noun
One who embraces and assists in spreading the teachings of another.
An active adherent, as of a movement or philosophy.
One of the original followers of Jesus.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
darkoz
darkoz 
Joined: Dec 22, 2009
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October 16th, 2021 at 10:22:00 AM permalink
Quote: OnceDear

Quote: MDawg

Ask SooPoo, he is my #1 disciple.

Man, you missed the MDawg party bus then, no wonder, if you think long term is not the way to go. Trade for extra income!
link to original post

Quote: SOOPOO

Disciple? LOL!
link to original post

I think MDawg's No#1 Fan might be upset at SooPoo's promotion.

I've been struggling lately, wondering whether the description 'Disciple' could be construed as a personal insult. So I avoided using it for certain 'Fan's' of the Great One.

disciple
dĭ-sī′pəl
noun
One who embraces and assists in spreading the teachings of another.
An active adherent, as of a movement or philosophy.
One of the original followers of Jesus.
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A dis is an insult

So a DISciple must be as well :)))
For Whom the bus tolls; The bus tolls for thee
MDawg
MDawg
Joined: Sep 27, 2018
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October 16th, 2021 at 10:25:16 AM permalink
BTC up up and away! Long term on that, too.
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
darkoz
darkoz 
Joined: Dec 22, 2009
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October 16th, 2021 at 11:08:11 AM permalink
Quote: MDawg

BTC up up and away! Long term on that, too.
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What a weird coincidence the two biggest Bitcoin detractors, BillRyan and EB are both suspended at this time.
For Whom the bus tolls; The bus tolls for thee
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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October 16th, 2021 at 11:34:16 AM permalink
Quote: SOOPOO

Disciples usually end up dying a horrible death as martyrs in the name of their fraudulent God.
♪♪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♪♪
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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October 16th, 2021 at 4:12:47 PM permalink
Quote: OnceDear

Quote: MDawg

Ask SooPoo, he is my #1 disciple.

Man, you missed the MDawg party bus then, no wonder, if you think long term is not the way to go. Trade for extra income!
link to original post

Quote: SOOPOO

Disciple? LOL!
link to original post

I think MDawg's No#1 Fan might be upset at SooPoo's promotion.

I've been struggling lately, wondering whether the description 'Disciple' could be construed as a personal insult. So I avoided using it for certain 'Fan's' of the Great One.

disciple
dĭ-sī′pəl
noun
One who embraces and assists in spreading the teachings of another.
An active adherent, as of a movement or philosophy.
One of the original followers of Jesus.
link to original post



MDawg did not use the word ‘disciple’ as an insult. I may laugh at it, but no offense was taken. I have used ‘advice’ from almost every member here on stocks, heck, the WoV portfolio has 20+ selections that can be attributed to individual posters!

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