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MDawg
MDawg
Joined: Sep 27, 2018
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November 30th, 2021 at 7:03:43 PM permalink
First off, day trade swing trade not any difference tax wise, just have to be aware of wash sale rule issues. I have gone into this in detail before, but there are two ways to deal with it, one is to have a separate account for trading and have it designated for trader status, another is to stop trading any particular stock you traded all year for the entire month of December so that your bases catch up with you. Those are simplifications of the bottom line.

My tax philosophy is that I'd rather book all winners and pay the taxes than have any losers with which to offset. Ah, but that wash sale rule. (See above.)
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 1st, 2021 at 8:42:57 PM permalink
Today started off not so bad at all, ended rather red.
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 8th, 2021 at 8:24:51 AM permalink
Quote: MDawg


He may be referring to a period in the past when I had not had a losing STOCK trade in about two years, and even that is misleading because I pointed out that after that approximately two year winning streak there came a period where I did lose on two shorts where if I had held just a few more hours or one more day I would have made money.
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Speaking of which - HOW ABOUT THAT TSLA. Every time it drops below 1000, it roars back above. Bank it!

Yes the day may come where it drops below and stays below for a bit, but, that day has not yet come!
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 13th, 2021 at 8:13:32 AM permalink
TSLA in the 960s. How quickly will it bounce back above 1000 this time? I am certain that it will do so, but...when?
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 13th, 2021 at 8:24:17 AM permalink
As your attorney I advise you to pull the trigger on TSLA at 955. If it goes that low, buy! for a trade.
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
TDVegas
TDVegas
Joined: Oct 30, 2018
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December 13th, 2021 at 12:03:37 PM permalink
TSLA has really derailed. Dropping about 250 points in a little over a month.
TDVegas
TDVegas
Joined: Oct 30, 2018
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December 13th, 2021 at 12:14:44 PM permalink
He must be offloading more shares. Down 5%.
MDawg
MDawg
Joined: Sep 27, 2018
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December 13th, 2021 at 12:22:23 PM permalink
Quote: MDawg

As your attorney I advise you to pull the trigger on TSLA at 955. If it goes that low, buy! for a trade.
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Don't even thank me. I hit it at 955, and it's 972 now. ChaíChing!

It didn't look like it was going to go that low, but on the third pass, it did, and I got a fill. Went even lower, as is its wont, but steady climb since. I'm looking for 975, and it already dipped below that. Let's see what happens but it's greenie all the way. May pull the sell trigger if it drops back to 965. Ten points is ten points.

And again, this is just trading extra shares on top of my long term TSLA.
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 13th, 2021 at 1:05:15 PM permalink
Pulled the trigger @ 967. So, twelve points. Or what you will.
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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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December 16th, 2021 at 1:40:29 PM permalink
Most everything tech-wise took a step backwards today, but still - AAPL is way up there. Didn't someone pooh pooh AAPL a couple months back, and I stepped in to defend it?

Quote: MDawg

AAPL FOUR FOR ONE STOCK SPLIT!

To the moon!
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Quote: rushdl

I would recommend dumping aapl about now.
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Quote: TDVegas

Apple looks DOA. Canít survive on Steve Jobs legacy forever. Where is the innovation, Apple? A watch in the past 10 years. Thatís it. Jobs would have had 2-3 new, big products in development.
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Quote: MDawg

As far as AAPL there was a period some five years ago where everyone was saying that it was finished, and yet, look how well the stock has done since then.

I buy only Apple products (MBP, iMac, iPhone, iPad, iWatch, etc.), almost no PC, and I am sure there are others like me too.
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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. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/

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