Mdawgs Investments
BTC has been doing fine lately though.
BTC hit 50K too.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
On a vacation to Disneyland :)
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
Not enough info. Does this person want a ‘safe’ $100 a year from his $5k? Does he want to be risky and try and double it? But at a chance of it becoming $0.
If ‘$5k means a lot’ that implies to me that if they lose it all it will be a very bad thing for this person. Even ‘safe’ stocks are not safe.
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
VTI
$5,000 will get you a mid-grade Giant size X-Men #1. The X-Men are about to become a part of Disney's MCU and I've been buying whatever copies I can find at reasonable prices.
If the question is what would I tell your hypothetical person? I'd suggest he distance himself from you, count his fingers and take a shower as soon as possible.
Quote: billryanIf the question is what would I do with $5,000?
$5,000 will get you a mid-grade Giant size X-Men #1. The X-Men are about to become a part of Disney's MCU and I've been buying whatever copies I can find at reasonable prices.
If the question is what would I tell your hypothetical person? I'd suggest he distance himself from you, count his fingers and take a shower as soon as possible.
Lol, I think Bill Ryan just called you unclean, possibly leprous.
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
Duh!! CYDY
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
Buy puts [SPY] with an expiration date around a year from now.
Probably my only losses in the market have been when short. Typically holding the short just a bit longer would have actually netted a profit, but I usually just pulled the plug as the stock roared against me.
I imagine George Soros' SPY puts are billions in the red by now....
Quote: DRichDuh!! CYDY
I thought of that but....
Quote: SOOPOONot enough info. Does this person want a ‘safe’ $100 a year from his $5k? Does he want to be risky and try and double it? But at a chance of it becoming $0.
If ‘$5k means a lot’ that implies to me that if they lose it all it will be a very bad thing for this person. Even ‘safe’ stocks are not safe.
Yes, this would be a risk adverse person.
Quote: unJonVTI
That's an idea.
Quote: billryanI'd suggest he distance himself from you, count his fingers and take a shower as soon as possible.
Note: Emphasis mine.
Personal insult -- three days.
Just my 2 cents.
Quote: MDawgSPY puts - some years ago a friend of mine claimed that with a a mere $500. he could make a mint for me with options, and even said that he would refund any loss. He kept buying SPY puts, doubling down, etc., lost the whole $500. I asked him to send me the money and he said that he did agree to do that but never thought I would ask for it. Eventually though, he said he didn't want to be known as a Welsher and sent the $500.
Probably my only losses in the market have been when short. Typically holding the short just a bit longer would have actually netted a profit, but I usually just pulled the plug as the stock roared against me.
I imagine George Soros' SPY puts are billions in the red by now....
"some years ago" would've been a horrible time to buy SPY puts.
Today is the ideal time IMO. Let's see how things play out over the next 12 months.
Quote: MDawgAn employee who knows or has heard that I do well in the market has asked me to give a stock tip. Of course, this is the vernacular of people who don't know anything about the market. Has five grand to invest. Five grand means a lot to this person.
I told the employee to put all the money into a stock trading account that I suggested, and to stand by.
If you were such a person, where that amount of money meant a lot to you, where would you put it?
Open up a ROTH account (I'm assuming their income is low enough that the qualify) and then put the $5k in an S&P or NASDAQ ETF.
Quote: TumblingBonesOpen up a ROTH account (I'm assuming their income is low enough that the qualify) and then put the $5k in an S&P or NASDAQ ETF.
Roth account is a great call. Can back door it also if their income is too high. If someone unfamiliar with how to back door a Roth, Google can explain.
ETA: unless this person thinks they can’t do without the $5k until retirement.
Quote: DRichAnyone who thinks buying a stock because the price is going down is an idiot. Anyone that believe buying a stock because the price is going up is an idiot.
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While buying a stock solely because it is going up or down ("Liked it at 10, love it at 5" is simply boiler room sales pitch) is unwise, statistically speaking, throw a dart at any given stock during a period when it is going up versus a period when it is going down, and you will be much more likely to profit at least in the short term buying on the way up.
Momentum tends to carry stocks up or down, at least for a while.
Quote: AxelWolfNO YOU DON'T !!!Quote: Wellbush
i've already stated that i do gamble online with free software🤷♀️
[
Gamble: play games of chance for money or things of value.
You basically play video games online that may or may not use the same "randomness" they use when actually placing real wagers.
Congratulations, You have figured out absolutely nothing, nada, zilch.... when it comes to a system that could actually be used to profit from gambling.link to original post
AWolf actually has a valid point. You may study a stock and study its "habits" for darn near a year, but UNTIL you put real money on the line you can't know how you (or the stock) will behave.
Simulated accounts are a world apart from the real thing.
I'll watch a stock until I pull the trigger but until I do pull that trigger, nothing matters. I'm playing with real money, millions of dollars thrown into some of my trades, and that makes all the difference.
That's RIGHT.
Strong TSLA day. No question.
Quote: MDawgSome tumultuous times lately. Today was good.
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I haven’t posted stock stuff recently. I’m down 3% or so from the high earlier this year. TSLA is of course helping!
Quote: SOOPOOQuote: MDawgTSLA will break 900 again.
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When!?!
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If anyone knew..he’s not wasting time in here.
Momentum has been upward, no question. It does not take much to move TSLA 100 points. That said, it can also go either direction.
I still think best looking electric vehicles on the road today. Musk is a bit of a cowboy with his remarks…but people buy with that known. I’m more than angry I took the advice of guys like Chanos and stayed away. I first looked at TSLA at $36. Waited way, way too long to eventually buy some and dumped all these hedge fund garbage heads who were merely short the stock and bashed it to line their own pocket.
Booyah!
Quote: MDawgI'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????
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: MDawgAnyway 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: MDawgWhat 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: MDawgI 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: MDawgUP 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: MDawgEvery 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: MDawgIf 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: MDawgAs 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!
No worries for me, MDawg. All my TSLA is in a retirement account so no tax consequences for my trading.
Disciple? LOL!
Quote: TDVegasQuote: MDawgI'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????
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He’s mentioned long term holdings of Tesla and Amazon and others for as long as I can remember.
Quote: MDawgAsk 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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I think MDawg's No#1 Fan might be upset at SooPoo's promotion.Quote: SOOPOODisciple? LOL!
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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.
Quote: OnceDearQuote: MDawgAsk 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 postI think MDawg's No#1 Fan might be upset at SooPoo's promotion.Quote: SOOPOODisciple? LOL!
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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 :)))
Quote: MDawgBTC 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.
Disciples usually end up dying a horrible death as martyrs in the name of their fraudulent God.Quote: SOOPOO
Quote: OnceDearQuote: MDawgAsk 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 postI think MDawg's No#1 Fan might be upset at SooPoo's promotion.Quote: SOOPOODisciple? LOL!
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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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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!
