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Wizard
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October 16th, 2021 at 5:36:39 PM permalink
Quote: AxelWolf

Quote: SOOPOO

Disciples usually end up dying a horrible death as martyrs in the name of their fraudulent God.
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Warning -- Religious statement. Anti-religious statements are just as much a violation of forum rules.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
AxelWolf
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October 17th, 2021 at 12:54:28 PM permalink
Quote: Wizard

Quote: AxelWolf

Quote: SOOPOO

Disciples usually end up dying a horrible death as martyrs in the name of their fraudulent God.
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Warning -- Religious statement. Anti-religious statements are just as much a violation of forum rules.
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Quote: OnceDear


One of the original followers of Jesus.
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♪♪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
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October 18th, 2021 at 9:34:52 AM permalink
Quote: MDawg

TSLA will break 900 again.
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How's that TSLA doing?
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
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October 18th, 2021 at 1:58:18 PM permalink
Quote: MDawg

Quote: MDawg

TSLA will break 900 again.
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How's that TSLA doing?
link to original post



Getting close. Let’s have a contest between you and me. When will TSLA crack 1000 again? I’ll say it will not before 4/23/2022. What do you think? (My anniversary…. And if it does…. wifey gets another purse or ring or such..). So I say 4/24/2022.
MDawg
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October 18th, 2021 at 3:21:32 PM permalink
There will be ups and downs to 1000, but 900 - we might just get there in one sustained upwards shot.
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/
MDawg
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October 19th, 2021 at 11:55:51 AM permalink
Quote: MDawg

AMZN pushing 3700 again (reports 7/29/2021). TSLA having a resurgence back towards 700.

BTC heading back up some too. Patience lads, 100K eventually.
link to original post


Didn't I say to be patient, lads? Here we are within striking distance of the ATH again....

Like I have said, I wouldn't even consider selling any after having held for so many years, until it hits at least 100K. And I have continued to accept BTC as payments all these years since I started hodling, including recently.


And, as Paulie said in Goodfellas, Just, stay away from the garbage. Avoid all those lowly alt coins. I pretty much believe in BTC only.
Last edited by: MDawg on Oct 19, 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/
MDawg
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October 21st, 2021 at 8:23:00 AM permalink
Quote: MDawg

TSLA will break 900 again.
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May not be over 900 yet, but we are pretty much here. TSLA.
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/
MDawg
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October 21st, 2021 at 8:24:03 AM 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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Now I suppose we wait for SooPoo's over 1000 expectation.
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DRich
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October 21st, 2021 at 9:22:10 AM permalink
Quote: MDawg

Quote: MDawg

TSLA will break 900 again.
link to original post


May not be over 900 yet, but we are pretty much here. TSLA.
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I was reading today that they have achieved gross margins of 30% on their cars. That is fantastic. GM is around 6%.
At my age, a "Life In Prison" sentence is not much of a deterrent.
MDawg
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October 21st, 2021 at 9:35:59 AM permalink
It was interesting because last night when earnings were released the stock actually went down slightly, then a fair amount, considering the goods news, and then opened in the red today, but went straight green from there.

I've seen this sort of thing so many times before. Same with NFLX, earnings out, red, but very green today.
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
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October 25th, 2021 at 6:34:14 AM permalink
My wife has chosen a ring for the TSLA 1000 event which is getting closer! Supposedly Hertz has ordered 100k vehicles. Probably will drop from its current 950 after details of the order gets out.
MDawg
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October 25th, 2021 at 7:58:16 AM permalink
Well as I posted previously I did figure a straight linear path from 800 to 900 for TSLA. However, I believe there will be some downward motion to shake out the weak hands before we hit 1000.
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/
MDawg
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October 25th, 2021 at 10:00:50 AM permalink
TSLA is now worth a trillion dollars. And MDawg has a nice piece of that! SooPoo has a piece too.

ALL ABOARD!
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/
MDawg
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October 25th, 2021 at 11:19:37 AM permalink
SooPoo for this Ring Challenge with your wife, does TSLA have to close above 1K or just hit it?

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
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October 25th, 2021 at 11:25:43 AM permalink
Quote: MDawg

SooPoo for this Ring Challenge with your wife, does TSLA have to close above 1K or just hit it?


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I sold 10 shares at 1003 so her ring is ‘locked in’. I think I will actually look for it tomorrow at our local jewelry stores. She wants a pink sapphire. I don’t think they are crazy expensive, but I’ll find out tomorrow!
MDawg
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October 25th, 2021 at 11:30:08 AM permalink
Most major cities have a wholesale jewelry mart, in southern California often called "Jewelry Exchange," and located in Los Angeles among other cities, usually several stories high in some older building, where you may purchase jewelry and gemstones wholesale or close to wholesale. Also may have it custom made.
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/
MDawg
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October 25th, 2021 at 11:35:16 AM permalink
TSLA just hit 1039.

That's a serious cha'ching!
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/
MDawg
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October 26th, 2021 at 6:02:48 AM permalink
SooPoo, by the way, I assume you held your 5 shares of COIN all the way back to a profit? which just goes to show what I have said all along. Hold a quality stock long enough, it will come back into the green. There is no reason to ever book a loss.
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
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October 26th, 2021 at 6:36:18 AM permalink
Quote: MDawg

SooPoo, by the way, I assume you held your 5 shares of COIN all the way back to a profit? which just goes to show what I have said all along. Hold a quality stock long enough, it will come back into the green. There is no reason to ever book a loss.
link to original post



You beat me to this post! On the way down I wasn’t sure if it WAS a quality stock. I know the concept of helping people buy, sell, and hold crypto is strong, but COIN has had some problems. Yes, I still own the 5 shares and don’t think I will ever sell, up or down…
TumblingBones
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October 26th, 2021 at 6:40:42 AM permalink
Quote: MDawg

SooPoo, by the way, I assume you held your 5 shares of COIN all the way back to a profit? which just goes to show what I have said all along. Hold a quality stock long enough, it will come back into the green. There is no reason to ever book a loss.
link to original post


The devil is in the details. The trick is to know when a quality stock is no longer a quality stock. Back in the late 70s my folks gave me $17k worth of Eastman Kodak stock when I graduated from college. Being young, naive, and more focused on other stuff (e.g., sex, drugs, & rock-n-roll) I ignored it for years. Eventually it became pretty close to worthless. I eventually sold it for ~ $1k. On the other hand, if I had sold it in 1980 and invested the proceeds in one of the "new" quality stocks of that era (e.g., Intel, CISCO) and held it till now I would have somewhere between $4M and $10M today.
Ah well.... could have, should have, but didn't.
My goal of being well informed conflicts with my goal of remaining sane.
DRich
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October 26th, 2021 at 8:49:03 AM permalink
Quote: TumblingBones

Quote: MDawg

SooPoo, by the way, I assume you held your 5 shares of COIN all the way back to a profit? which just goes to show what I have said all along. Hold a quality stock long enough, it will come back into the green. There is no reason to ever book a loss.
link to original post


The devil is in the details. The trick is to know when a quality stock is no longer a quality stock. Back in the late 70s my folks gave me $17k worth of Eastman Kodak stock when I graduated from college. Being young, naive, and more focused on other stuff (e.g., sex, drugs, & rock-n-roll) I ignored it for years. Eventually it became pretty close to worthless. I eventually sold it for ~ $1k. On the other hand, if I had sold it in 1980 and invested the proceeds in one of the "new" quality stocks of that era (e.g., Intel, CISCO) and held it till now I would have somewhere between $4M and $10M today.
Ah well.... could have, should have, but didn't.
link to original post



I hear you, my Kmart/Sears stock is not quite what it used to be.
At my age, a "Life In Prison" sentence is not much of a deterrent.
MDawg
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October 26th, 2021 at 9:02:05 AM permalink
It is hard to know when the paradigm might shift.

Conventional thinking (Tucker, DeLorean) would be that a non Big Three American auto manufacturer will never make it.

But sometimes the paradigm shifts and the old school sticks around to still book profits. Such as with the advent of Japanese quartz watches, and the ability of Rolex, Patek, Breguet, etc. to stay afloat. Of course - Swatch bought Breguet in 1999, among other Swiss fine timepiece makers.
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/
MDawg
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October 26th, 2021 at 12:16:36 PM permalink
I traded additional shares of TSLA on the dip. It was about -13 when I hit it. Twenty points! and it's even more green than when I sold, now.

Cha'ching, on top of cha'ching!
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/
MDawg
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October 27th, 2021 at 9:03:59 AM permalink
TSLA still marching up there again!

BTC took a little hit though.
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/
TDVegas
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October 27th, 2021 at 9:23:53 AM permalink
No way to predict TSLA. It was up over $80 yesterday and finished red. Who knows where it finishes today.
MDawg
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October 27th, 2021 at 9:34:23 AM permalink
If you want a million dollar tip. My rule of thumb is that the FIRST day, FIRST time a stock that has been marching up reverses, the dip is bought up pretty well, which is why I did that big trade yesterday and held it for a good ten points. I didn't get the bottom, but I still made ten points pretty easily. It was right in the tea leaves that TSLA would rise back to green after going red. Then on the second dip to red, true, wasn't bought back up as well, at least not yesterday.

On each subsequent (consecutive) day of reversals, the chances that the buyers will be as eager to bring it back up after a dip, might drop.

So if TSLA dips heavily today, this would be the second day of reversal following this particular latest run up.
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/
TDVegas
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October 27th, 2021 at 9:44:44 AM permalink
Quote: MDawg

If you want a million dollar tip. My rule of thumb is that the FIRST day, FIRST time a stock that has been marching up reverses, the dip is bought up pretty well, which is why I did that big trade yesterday and held it for a good ten points. I didn't get the bottom, but I still made ten points pretty easily. It was right in the tea leaves that TSLA would rise back to green after going red. Then on the second dip to red, true, wasn't bought back up as well, at least not yesterday.

On each subsequent (consecutive) day of reversals, the chances that the buyers will be as eager to bring it back up after a dip, might drop.

So if TSLA dips heavily today, this would be the second day of reversal following this particular latest run up.
link to original post


You’re ALWAYS on the right side of a trade. I don’t remember seeing a trade of yours that wasn’t profitable. LOL. It’s like magic.
MDawg
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October 27th, 2021 at 9:49:58 AM permalink
Every stock I trade hits a new ATH eventually, so the only way I could lose is by losing patience!

True, like Gilligan's Island, some of my "three hour trades" have turned into medium term holds, but still, they always come back.

SooPoo just proved this same principle with COIN.
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/
TDVegas
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October 27th, 2021 at 10:02:41 AM permalink
Quote: MDawg

Every stock I trade hits a new ATH eventually, so the only way I could lose is by losing patience!

True, like Gilligan's Island, some of my "three hour trades" have turned into medium term holds, but still, they always come back.

SooPoo just proved this same principle with COIN.
link to original post


I know. Every trade is a winner or soon to be winner. It’s just uncanny.
MDawg
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October 27th, 2021 at 10:05:38 AM permalink
That's actually fact. Take any trade I have posted and the stock is currently trading at dozens if not hundreds if not thousands of points higher. It would be impossible to lose given that fact.
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/
TDVegas
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October 27th, 2021 at 10:13:12 AM permalink
Quote: MDawg

That's actually fact. Take any trade I have posted and the stock is currently trading at dozens if not hundreds if not thousands of points higher. It would be impossible to lose given that fact.
link to original post


Are there any losing trade posts in this thread? Of the hundreds of your day trades “bought the dip, sold the rise”….I don’t think I’ve seen one trade of “bought the dip and it dipped lower before I closed the trade”.

Just a miracle.
OnceDear
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October 27th, 2021 at 10:15:24 AM permalink
Quote: TDVegas

Quote: MDawg

That's actually fact. Take any trade I have posted and the stock is currently trading at dozens if not hundreds if not thousands of points higher. It would be impossible to lose given that fact.
link to original post


Are there any losing trade posts in this thread? Of the hundreds of your day trades “bought the dip, sold the rise”….I don’t think I’ve seen one trade of “bought the dip and it dipped lower before I closed the trade”.

Just a miracle.
link to original post

He claims to average down aggressively. Nothing like a Martingale at all.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
MDawg
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October 27th, 2021 at 10:22:24 AM permalink
I've been caught in downward spirals, for example towards the end of 2018, I ended up holding a huge AMZN trade that was intended as a day trade for months until it finally came back, but it did come back. Yes I did post about all that in this thread I believe, or somewhere. I was down a cool million at the worst point, but I held on. I didn't even average in more for that trade other than on the first day of the trade, I just held on.

And I've been caught in other trades, as posted in this thread, and had to hold on for longer than just a day until the stock came back. And yes - posted about in this thread.

But usually yes I catch the trade and make my bones within hours if not minutes.

And again, I am trading additional shares on top of long term shares of the same. On a LIFO basis.

OnceDear can't seem to accept that with stocks, one should NEVER enter a position with all of the intended buying power - that averaging in if needed is the norm. This strategy is akin to dollar cost averaging.
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TumblingBones
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October 27th, 2021 at 10:24:24 AM permalink
Quote: MDawg

That's actually fact. Take any trade I have posted and the stock is currently trading at dozens if not hundreds if not thousands of points higher. It would be impossible to lose given that fact.
link to original post


Points gained or lost are not the stat to focus on. A better metric for measuring trading skills is to compare the daily (or weekly/monthly/quarterly) yield of your investments to a benchmark.
My goal of being well informed conflicts with my goal of remaining sane.
MDawg
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October 27th, 2021 at 10:26:38 AM permalink
That's true, but remember that I trade additional shares on top of long term shares of the same. So the extra income from trading is something that would not exist at all if I did nothing.

I suppose I could compare it to just buying more shares and holding more shares and never trading...but what fun would that be?
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/
TDVegas
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October 27th, 2021 at 10:30:47 AM permalink
Quote: OnceDear

Quote: TDVegas

Quote: MDawg

That's actually fact. Take any trade I have posted and the stock is currently trading at dozens if not hundreds if not thousands of points higher. It would be impossible to lose given that fact.
link to original post


Are there any losing trade posts in this thread? Of the hundreds of your day trades “bought the dip, sold the rise”….I don’t think I’ve seen one trade of “bought the dip and it dipped lower before I closed the trade”.

Just a miracle.
link to original post

He claims to average down aggressively. Nothing like a Martingale at all.
link to original post


I can look, but I have not seen 1 single day trade that he has lost on. Buy/sell during the day. They’ve all been winners. Every single one.

If there is one listed among these 104 pages of “winning trades”, maybe someone can point me there.
TumblingBones
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October 27th, 2021 at 10:31:42 AM permalink
Quote: MDawg

That's true, but remember that I trade additional shares on top of long term shares of the same. So the extra income from trading is something that would not exist at all if I did nothing.


Not sure how that impacts the metric. Just look at the yield on your over-all potfolio including cash on hand versus the S&P or Dow.

Quote:

I suppose I could compare it to just buying more shares and holding more shares and never trading...but what fun would that be?


Agree.... there is a definite value to the fun of rolling your own versus just going with an ETF
My goal of being well informed conflicts with my goal of remaining sane.
TDVegas
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October 27th, 2021 at 11:38:21 AM permalink
Like yesterday, TSLA having a hard time holding gains.
MDawg
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October 27th, 2021 at 12:08:37 PM permalink
I think it's gonna end green though. In any case, I try not to trade in the last hour and I got busy with some other work so I did not trade today at all.

I actually haven't traded much at all lately, compared to a few months ago. There was a period when I was trading a lot and posting every trade here. Lately I trade little and post even less.
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
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October 27th, 2021 at 1:03:28 PM permalink
MDawg has admitted multiple times that if a short term trade would have resulted in a loss, he has just waited for the stock to rebound. Since he has only mentioned a few of the industry bellwethers, his claims are quite reasonable.

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
TumblingBones
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October 27th, 2021 at 1:19:05 PM permalink
Quote: SOOPOO

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
link to original post


You can use these at year-end to offset capital gains taxes owed.
My goal of being well informed conflicts with my goal of remaining sane.
DRich
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October 27th, 2021 at 1:26:22 PM permalink
Quote: TumblingBones

Quote: SOOPOO

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
link to original post


You can use these at year-end to offset capital gains taxes owed.
link to original post



Haven't the rich people and politicians taught us better? If you never sell a stock you don't have a capital gain. Just borrow money against your portfolio when you need cash.
At my age, a "Life In Prison" sentence is not much of a deterrent.
AxelWolf
AxelWolf
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October 27th, 2021 at 4:41:15 PM permalink
?
Quote: MDawg



SooPoo just proved this same principle with COIN.
link to original post

What did you guys buy COIN at?

I bought at $348.85.
♪♪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♪♪
TDVegas
TDVegas
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October 27th, 2021 at 7:10:34 PM permalink
Quote: SOOPOO

MDawg has admitted multiple times that if a short term trade would have resulted in a loss, he has just waited for the stock to rebound. Since he has only mentioned a few of the industry bellwethers, his claims are quite reasonable.

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
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Well, then it’s not really a trade. It’s a buy and hold.

So if he “traded” on AMZN at $3,700 in July and it retreats after he “trades” it and it doesn’t get above his buy price (it hasn’t)…then he just holds the “trade” until it eventually gets above his $3,700 buy price?

What on earth?

That really isn’t what I would call trading, that’s investing and just hoping the continued buy “trades” surpass where he bought it at $3,700 or $3,600 or $3,500 (current $3,392). So be it. I still dispute the idea his trades are always cashed out higher. That may be true at some point, but that’s kind of ridiculous to assert every trade or investment turns green. What about all his AMZN trades at $3,700, $3,650, $3,500, $3,450? They are all in the red..on paper. Or is the claim, every single one of those long trades rose above his buy price?

Typically when some says they “trade” stocks and “invest” in stocks as he says he does…there IS a difference. Trading stock generally implies quick transactions looking for intraday pop or drop. I guess it could be extended to days, but it’s different than investing and holding for months or years. Is he putting both trade and invest in the same bucket?

My point stands. EVERY one of his “trades” eventually turns green or he just holds them until they do, but in the meantime anything bought and held and in the red isn’t listed as a trade…it’s simply listed as a long position until such time as it does turn green??? LOL.

Sounds like he’s intermixing terminology to suit his claims. Trades that turn green are trades, trades that turn red are “converted” to long positions until such time they turn green. (If they turn green).

Convenient.
Last edited by: TDVegas on Oct 27, 2021
SOOPOO
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October 27th, 2021 at 8:06:08 PM permalink
Quote: TumblingBones

Quote: SOOPOO

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
link to original post


You can use these at year-end to offset capital gains taxes owed.
link to original post



All are in retirement accounts. I don’t trade at all in my single cash account. Just hold, use the dividends (stocks) and interest (bonds) to supplement pension.
SOOPOO
SOOPOO
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October 27th, 2021 at 8:14:35 PM permalink
Quote: TDVegas

Quote: SOOPOO

MDawg has admitted multiple times that if a short term trade would have resulted in a loss, he has just waited for the stock to rebound. Since he has only mentioned a few of the industry bellwethers, his claims are quite reasonable.

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
link to original post


Well, then it’s not really a trade. It’s a buy and hold.

So if he “traded” on AMZN at $3,700 in July and it retreats after he “trades” it and it doesn’t get above his buy price (it hasn’t)…then he just holds the “trade” until it eventually gets above his $3,700 buy price?

What on earth?

That really isn’t what I would call trading, that’s investing and just hoping the continued buy “trades” surpass where he bought it at $3,700 or $3,600 or $3,500 (current $3,392). So be it. I still dispute the idea his trades are always cashed out higher. That may be true at some point, but that’s kind of ridiculous to assert every trade or investment turns green. What about all his AMZN trades at $3,700, $3,650, $3,500, $3,450? They are all in the red..on paper. Or is the claim, every single one of those long trades rose above his buy price?

Typically when some says they “trade” stocks and “invest” in stocks as he says he does…there IS a difference. Trading stock generally implies quick transactions looking for intraday pop or drop. I guess it could be extended to days, but it’s different than investing and holding for months or years. Is he putting both trade and invest in the same bucket?

My point stands. EVERY one of his “trades” eventually turns green or he just holds them until they do, but in the meantime anything bought and held and in the red isn’t listed as a trade…it’s simply listed as a long position until such time as it does turn green??? LOL.

Sounds like he’s intermixing terminology to suit his claims. Trades that turn green are trades, trades that turn red are “converted” to long positions until such time they turn green. (If they turn green).

Convenient.
link to original post



I’d say your analysis is correct. But so what? If he hasn’t hit an industry leader that went kabloey like Enron, then whatever you want to call it, he has always succeeded. My 3 whiffs have turned into ‘long term holds’. Not that I wanted them to!

As best I can tell, at present he doesn’t have a ‘trade’ that is underwater at present. Frankly, if you have millions of dollars available to trade, and sit for months if necessary, what he has done is not remarkable.

I just made $300 tying up $10k on DKNG. The money was literally tied up less than 24 hours. Add a zero to tie up $100k and I would have pocketed $3k.
MDawg
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October 27th, 2021 at 9:00:36 PM permalink
I'd say So What? too.

Sometimes I hold my trades for minutes, sometimes they turn into swing trades and are held longer.

So what?

They all book profits. There is no if. The only couple or so trades I have lost money on in the past years were shorts, that if I had held just a few hours more or until the next day, would have booked profits, too.

SooPoo from what I gather does the same, although he may not go in intending to hold solely for minutes.

The longer I end up holding a trade, the more points I try to make before selling. Yes, that's right, the more I end up out of the money on a trade, the HIGHER I raise my sell price - and I always get it too. If you don't understand the reasoning behind that, read above I have explained it more than once.

And on top of all my trades are my very long terms holds.

Anyway, "it works." I'm making as much money as I have time to make.
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/
TDVegas
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October 27th, 2021 at 9:41:42 PM permalink
Quote: MDawg

I'd say So What? too.

Sometimes I hold my trades for minutes, sometimes they turn into swing trades and are held longer.

So what?

They all book profits. There is no if. The only couple or so trades I have lost money on in the past years were shorts, that if I had held just a few hours more or until the next day, would have booked profits, too.

SooPoo from what I gather does the same, although he may not go in intending to hold solely for minutes.

The longer I end up holding a trade, the more points I try to make before selling. Yes, that's right, the more I end up out of the money on a trade, the HIGHER I raise my sell price - and I always get it too. If you don't understand the reasoning behind that, read above I have explained it more than once.

And on top of all my trades are my very long terms holds.

Anyway, "it works." I'm making as much money as I have time to make.
link to original post


Wonderful. I don’t buy it for a second (much like the baccarat claims)…but that’s my problem.
TDVegas
TDVegas
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October 27th, 2021 at 9:48:50 PM permalink
Quote: SOOPOO

Quote: TDVegas

Quote: SOOPOO

MDawg has admitted multiple times that if a short term trade would have resulted in a loss, he has just waited for the stock to rebound. Since he has only mentioned a few of the industry bellwethers, his claims are quite reasonable.

I on the other hand, have a few of these trades which are still underwater, and might never ‘surface’ again! (NAK, NBEV, TRIP) as examples. But I have not sold any of these trades at a loss….
link to original post


Well, then it’s not really a trade. It’s a buy and hold.

So if he “traded” on AMZN at $3,700 in July and it retreats after he “trades” it and it doesn’t get above his buy price (it hasn’t)…then he just holds the “trade” until it eventually gets above his $3,700 buy price?

What on earth?

That really isn’t what I would call trading, that’s investing and just hoping the continued buy “trades” surpass where he bought it at $3,700 or $3,600 or $3,500 (current $3,392). So be it. I still dispute the idea his trades are always cashed out higher. That may be true at some point, but that’s kind of ridiculous to assert every trade or investment turns green. What about all his AMZN trades at $3,700, $3,650, $3,500, $3,450? They are all in the red..on paper. Or is the claim, every single one of those long trades rose above his buy price?

Typically when some says they “trade” stocks and “invest” in stocks as he says he does…there IS a difference. Trading stock generally implies quick transactions looking for intraday pop or drop. I guess it could be extended to days, but it’s different than investing and holding for months or years. Is he putting both trade and invest in the same bucket?

My point stands. EVERY one of his “trades” eventually turns green or he just holds them until they do, but in the meantime anything bought and held and in the red isn’t listed as a trade…it’s simply listed as a long position until such time as it does turn green??? LOL.

Sounds like he’s intermixing terminology to suit his claims. Trades that turn green are trades, trades that turn red are “converted” to long positions until such time they turn green. (If they turn green).

Convenient.
link to original post



I’d say your analysis is correct. But so what? If he hasn’t hit an industry leader that went kabloey like Enron, then whatever you want to call it, he has always succeeded. My 3 whiffs have turned into ‘long term holds’. Not that I wanted them to!

As best I can tell, at present he doesn’t have a ‘trade’ that is underwater at present. Frankly, if you have millions of dollars available to trade, and sit for months if necessary, what he has done is not remarkable.

I just made $300 tying up $10k on DKNG. The money was literally tied up less than 24 hours. Add a zero to tie up $100k and I would have pocketed $3k.
link to original post


Just clarifying, that’s all.

Buy trades that are underwater are not sold and are simply buried (added) into the long held shares.

Buy trades that go up and sold intraday are said to be winning trades.

In effect, no trade that is effectively in the red is disclosed as such. It’s just that those shares are added to a long position.

As I said, a convenient or sneaky way of saying “I never lose on a trade”…because the losing trades are not sold but are simply “converted” into a long position, averaging down overall paper profit, if any. Success by omission. Wonderful. No wonder he plays “winning” baccarat.

“Don’t bull**** a bull*******.
-Walter White
https://youtu.be/rzQklxO9UJI

What makes you think none of his trades is currently underwater?
Last edited by: TDVegas on Oct 27, 2021
OnceDear
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TDVegas
October 28th, 2021 at 1:27:45 AM permalink
Quote: TDVegas

Well, then it’s not really a trade. It’s a buy and hold.

So if he “traded” on AMZN at $3,700 in July and it retreats after he “trades” it and it doesn’t get above his buy price (it hasn’t)…then he just holds the “trade” until it eventually gets above his $3,700 buy price?

What on earth?

That really isn’t what I would call trading

,...

Convenient.
link to original post



It's convenient that he reports and dare I say boasts about every quick hit and run winning trade, but just waits out and does not report on deals where he gets stuck for a while. He occasionally averages down, which I rag him about as Martingale for investors. Don't worry, he has a put down answer for me when i do $:o)

It's selective reporting, pure and simple. Hit and run: Report the successes. Every egg a bird!

Fair to say that so long as Amazon and Tesla keep hitting all time highs, he will not get stuck for long. Also fair to say he has the bankroll to weather the storm.

I doubt MDawg is familiar with the UK stock BT, which regularly used to hit all time highs until it was the second biggest UK company. https://tinyurl.com/exjydypr I was lucky to sell most of my holding £2 short of the £15 ATH in 2000. It never went back up to that in 21 years and is still less than a tenth of that

https://uk.finance.yahoo.com/quote/AMZN/chart?p=AMZN&.tsrc=fin-srch
https://uk.finance.yahoo.com/quote/TSLA/chart?p=AMZN&.tsrc=fin-srch
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
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