Mdawgs Investments
Whoa, whoa, whoa, Wait a minute! Did MDawg really catch the bottom for the day so far with his one and only trade? Yes he did. And he does all the time.
Quote: MDawgNo one is paying 50% tax on stock trades in the U.S., what country are you in?
Anyway, the money is invested, thrown around, briefly, to make a solid sum in a matter of generally, minutes. It is not "all at risk" as you imply. I like trading, I don't have to do it, but I am good at it.
I don't have to play at a casino either, but I like it, and I am good at that too.
I really don't have to do anything, I mean, if it comes right down to it.
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I am going to re-visit this post because, for me, this answer does not indicate some realities that are ignored.
1. The short term capital gains federal rate is one's ordinary income rate which for you would be the maximum individual rate at, I believe, is about 39%. So, I was wrong on my 50% comment.
2. California state has its own capital gains tax rate of 12.3% (top income).
3. To offset any such special taxes, one must show similar losses in stock or real estate trans actions.
4. Based on your posted comments, there have been no such losses.
You keep Cha chinging these very small gains which are taxed at or about 50%. On top of those taxes there are accountants fees and perhaps fees in the trading. For me, it does not really add up to formidable big time wins.
tuttigym
Quote: MDawgAMZN 2168 to 2171. Minor Cha'Ching. Scalp with surgical precision.
Whoa, whoa, whoa, Wait a minute! Did MDawg really catch the bottom for the day so far with his one and only trade? Yes he did. And he does all the time.
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Let's see. A $3 gain on a 100 share portfolio or $300 less 50%+ in taxes and fees. WOWEEE CHA-CHING indeed.
tuttigym
Seriously, where and when do you live? The United Kingdom in the 1960s? One would think so from your fear of taxes and accountants and commissions (haven't been any commissions on trades in brokerage accounts for YEARS). I live in the year 2022, in the United States.
Accountant fees? Have you ever done any of this? I suppose you imagine that as each trade is done some accountant is calculating the tax and sending me a bill for that work. 🥴 Just the fact that you still think that there are commissions charged these days tells me, what?
Quote: MDawgThe reason I usually don't bother responding to you is you ASSUME too much, invariably making the wrong assumptions. You assume 100 shares you assume 50% tax, why don't you just open up a two sided conversation with yourself and settle your issues with yourself?
Seriously, where and when do you live? The United Kingdom in the 1960s? One would think so from your fear of taxes. I live in the year 2022, in the United States.
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No assumptions; you previously posted a "cha-ching" of $10k on a 100 pt. swing. That adds up to 100 shares @ $100 or a $10k cha-ching. The capital gains tax rates apply (short term) for both the feds and the state of CA. I have "settle"(d) the issue comfortably in my mind why are you not being so forthcoming??
I do not "fear" taxes; I deal with them legally and appropriately.
I used the word "perhaps" regarding trading fees as I am aware that one can trade without those fees subject to various conditions. As far as accountant fees, they are adjusted based on forms filled out, complications of returns, and time and effort. I DO assume you are not filing a 1040EZ.
tuttigym
Have you ever seen the classic film Life With Father with Tyrone Power? In it father (Clarence Day) asks the Reverend Dr. Lloyd some questions about what it's going to cost to build a new church.
Reverend: We have all the facts and figures.
Mr. Day: Oh, what's the property worth
where we are now?
Reverend: Oh, let's see. Is it $40,000?
I know the figure has a 4 in it.
Mr. Day: What's the new piece of property
going to cost you?
Reverend: I think the figure I heard mentioned
was $85,000.
Or was it $185,000?
Mr. Day: Dr. Lloyd, you preach that someday
we'll all have to answer to God.
Reverend: We shall indeed!
Mr. Day: Well, I hope God doesn't ask you
any questions with figures in them!
The Dow will be setting new highs by the end of the summer.
Haha !
They (and I) said the same in 2018 too. ‘Shut Up and Let Me Trade’: The Week That Rocked Stock Markets and many times before.
So that's $6K today on a day that AMZN plummeted. With ease. (If you know what you're doing and are a highly trained surgeon.) Highest probability trades only!
As Ordell Robbie said in Jackie Brown, "Start adding these figures up, tell me this ain't the bidness to be in."
But if I WERE to try to hit it again I'd either ride it on the way up during the beginning of the Power Hour, or wait for an absolute bottom of ragged claws scuttling across the floors of silent seas at say, 2133 or so, if it even gets that low.
Quote: MDawg
As Ordell Robbie said in Jackie Brown, "Start adding these figures up, tell me this ain't the bidness to be in."
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Here's the story of the scene....
The big operators who have been long straight going back fifteen years or so, as I have been, or even longer, we've suffered paper losses but we're still fine.
And the stock traders who know what they are doing, also like me, will continue to make money no matter what the market brings.
But the ones who came up quickly, say in the last year or two, they might just end up panicking (or already have) and will give back most all of what they didn't blow already. That's just the way it is. There are two overlapping principles at stake:
1. Get rich quick doesn't always last (fast money, goes fast).
2. As far as short term: the market has a way of taking back what was taken from it, unless you really know what you are doing, or cash out and stay out.
Sorry but most of these guys who were counting their hundreds of thousands or millions aren't necessarily going to get to stay in the socioeconomic group they thought they had achieved. From what I am reading online most all of the Reddit kids are crying that they've lost it all, already.
The market can't make everyone a millionaire at once! There have to be ebbs and flows.
So, basically, for the best chance of success...stay the course. Otherwise, you'd better be good and lucky or you might get eaten alive!
Quote: AlanMendelsonGamblers might be unfamiliar with the stock market in this regard: the stock market is not a zero sum game.
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It is when you past post. I have a hot tip on the Kentucky Derby for you.
That is to say, amount to a Cha (without a Ching).
Quote: MDawgI’d advise against a situation where you might end up selling at the bottom and then get stuck watching it rise the rest of your life and not want to reenter higher. When something good drops that far that fast it usually bounces back. If your stop loss was only fifty cents below yesterday's SPY close, you were stopped out today at the open at 398.
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Ace2, okay so you got stopped out at 398 or so. SPY is about fifteen points higher now. So when will you buy back?
Quote: MDawgAMZN at 2500 is a serious BUY.
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So how many shares did you buy on or about April 29, 2022?
tuttigym
Quote: MDawgFilled @ 2146. Another minor Cha'Ching!
So that's $6K today on a day that AMZN plummeted. With ease. (If you know what you're doing and are a highly trained surgeon.) Highest probability trades only!
As Ordell Robbie said in Jackie Brown, "Start adding these figures up, tell me this ain't the bidness to be in."
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Quote: MDawgMay 18th, 2022 at 11:38:30 AMpermalink
Lowered it slightly, filled at 2143. Looking for maybe 2146 to scalp.
The May 18 quote shows you bought 2000 shares spending $4,286,000.00. The second May 18 quote shows you sold those shares for a "$6k profit." Spending $4+ million on a trade is not an insignificant matter. You boasted about the small "cha-ching." So how come you cannot remember the April 29 trade for $2500/share ("A serious buy.") and the possible profit from that event especially since the stock cratered down to $2100+/share?
tuttigym
Quote: MDawgLowered it slightly, filled at 2143. Looking for maybe 2146 to scalp.
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So what does this post mean "filled"? Does "scalp" mean sell price for a profit?
Quote: tuttigymQuote: MDawgLowered it slightly, filled at 2143. Looking for maybe 2146 to scalp.
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So what does this post mean "filled"? Does "scalp" mean sell price for a profit?
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If you keep posting incriminating evidence against MDawg he will simply start to ignore your posts.
I'm still waiting for an answer to how comps work (a very simple example I posted) and he was unable to answer even though he claims to know enough about comps he feels he can give others advice.
Quote: MDawgIf I had done any trades on that date I would have posted them. The entire month of April I was not doing much trades. I was advising others to buy AMZN and hodl it. I offered the same advice on TSLA a few years ago or so. I’ve been advising people to buy and hodl AMZN for about four years now here too. Just because a stock drops after the initial period of MDawg advice doesn’t mean my advice wasn’t sound. Anyone who would have followed my general advice on these stocks these past three four years that I’ve been posting at WOV would have made a lot.
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You are all over the place with inconsistencies and posts that infer buying and selling activity. How about you really make yourself clear like posting I bought 2000 shares @ $2143/share instead of reverting to hip jargon that allows you to say: oh I was only giving my expert advice, so I did not really mean it. There are many posts from in April, that to me, clearly show trading activity including some cha-chings boasting profits. So which is it?
tuttigym
As far as Tuttigym, I am not sure if he is newcomer, but I used to post all the screen shots to back up all of my trades, but it just got to be too much work, so at some point I declared that I would no longer do that. Take 'em or leave 'em, if you doubt any of them propose a wager the way TDVegas did, but I hope you won't welch the way he did after I accepted the very wager that he himself proposed.
(P.S. I was welcomed by the Wizard to draw attention to what happened, to warn others.)
Short of putting money on the table ("put up or shut up") I generally don't spend too much time clarifying what I'm up to to challengers.
I think a lot of what some people post here is self serving, and doesn't always merit a response. I don't expect a response to all of my posts, either!
Quote: tuttigymQuote: MDawgLowered it slightly, filled at 2143. Looking for maybe 2146 to scalp.
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So what does this post mean "filled"? Does "scalp" mean sell price for a profit?
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Those are legitimate questions. Filled simply is stock terminology meaning that a limit order was filled. Scalp implies a trade for a small profit, although what a scalp is could mean different things to different people. One man's scalp might be a half point, another's, 3 points.
Quote: MDawgI don't take most of what DarKO has to say seriously because he goes on and on about "I make $20K a week" and still doesn't accept that that is a meaningless statement. A person who won't back down from accepting the meaninglessness of his statement against the advice of countless others, probably cannot be reasoned with. Further, you're talking about a guy who instead of taking MDawg advice and loading up on TSLA, which he'd be looking at about a ten bagger by now, AGAINST all MDawg advice piled into a penny stock and KEPT buying more and more of a penny stock and is looking at a near total loss now. (AND tragically, refused to sell not once, not twice, but at least thrice when he could have sold for a profit, and instead kept holding all the way down into a deep red hole.) For these reasons and the over all reason that the guy just keeps going on and on and won't let up when he wants to make a point, I don't bother to respond to most of what he has to say. When he starts posting something of value, I will respond!
As far as Tuttigym, I am not sure if he is newcomer, but I used to post all the screen shots to back up all of my trades, but it just got to be too much work, so at some point I declared that I would no longer do that. Take 'em or leave 'em, if you doubt any of them propose a wager the way TDVegas did, but I hope you won't welch the way he did after I accepted the very wager that he himself proposed.
(P.S. I was welcomed by the Wizard to draw attention to what happened, to warn others.)
Short of putting money on the table ("put up or shut up") I generally don't spend too much time clarifying what I'm up to to challengers.
I think a lot of what some people post here is self serving, and doesn't always merit a response. I don't expect a response to all of my posts, either!
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This is a really funny post.
First, if MDawg doesn't understand what saying I make $20,000 a week means, that looks bad on him. It's actually one of the clearest made claims on this forum. I even admit it's not every week but based on schedule factors.
As for holding a losing stock, his claim is if someone honestly reports in advance his choices and they go sour that makes him a person not to be trusted? I suppose the reading between the lines is MDawg, who always pastposts his wins isn't to be trusted.
As for claiming I don't post anything of value, I am quite confident if you took a poll of forum members here who followed my GNAC thread which MDawg gave unrpoven and unsound legal advice to, you will have plenty of people who will side with me that I post important information.
Quote: MDawgI don't take most of what DarKO has to say seriously because he goes on and on about "I make $20K a week" and still doesn't accept that that is a meaningless statement. A person who won't back down from accepting the meaninglessness of his statement against the advice of countless others, probably cannot be reasoned with. Further, you're talking about a guy who instead of taking MDawg advice and loading up on TSLA, which he'd be looking at about a ten bagger by now, AGAINST all MDawg advice piled into a penny stock and KEPT buying more and more of a penny stock and is looking at a near total loss now. (AND tragically, refused to sell not once, not twice, but at least thrice when he could have sold for a profit, and instead kept holding all the way down into a deep red hole.) For these reasons and the over all reason that the guy just keeps going on and on and won't let up when he wants to make a point, I don't bother to respond to most of what he has to say. When he starts posting something of value, I will respond!
As far as Tuttigym, I am not sure if he is newcomer, but I used to post all the screen shots to back up all of my trades, but it just got to be too much work, so at some point I declared that I would no longer do that. Take 'em or leave 'em, if you doubt any of them propose a wager the way TDVegas did, but I hope you won't welch the way he did after I accepted the very wager that he himself proposed.
(P.S. I was welcomed by the Wizard to draw attention to what happened, to warn others.)
Short of putting money on the table ("put up or shut up") I generally don't spend too much time clarifying what I'm up to to challengers.
I think a lot of what some people post here is self serving, and doesn't always merit a response. I don't expect a response to all of my posts, either!
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On my 14" laptop screen I see a 14 line attack on DarkOz's credibility. I get it. MDawg doesn't see Darkoz as a reliable source of universal truth. Well it may come as a surprise but I see that as a personal attack or at the very least an intended slight. MDawg chooses to describe DarkOz in what I read as condescending terms. He's not attacking the content of a post, he seems to be attacking the character or characteristics of the poster.
MDawg also effectively calls TDVegas a welcher. Whether he is or is not a welcher, that is unacceptable.
I therefore remind MDawg of rule 1.
"Absolutely no personal insults. If you disagree with another forum member, politely attack the writing, not the writer. "
The same reminder, to DarkOz.
AMZN 2431 to 2435.
Quote: OnceDear
On my 14" laptop screen I see a 14 line attack on DarkOz's credibility. I get it. MDawg doesn't see Darkoz as a reliable source of universal truth. Well it may come as a surprise but I see that as a personal attack or at the very least an intended slight. MDawg chooses to describe DarkOz in what I read as condescending terms. He's not attacking the content of a post, he seems to be attacking the character or characteristics of the poster.
MDawg also effectively calls TDVegas a welcher. Whether he is or is not a welcher, that is unacceptable.
I therefore remind MDawg of rule 1.
"Absolutely no personal insults. If you disagree with another forum member, politely attack the writing, not the writer. "
The same reminder, to DarkOz.
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In the interest of fairness, I acknowledge that DarkOz has frequently, to varying degrees, expressed doubts about MDawg's credibility in ways which could be considered as personal insults to MDawg. Those posts individually went unchallenged by we moderators. No penalty has been issued to either MDawg or DarkOz
To the question of MDawg effectively calling TDVegas a welcher, I'm discussing with the other moderators, whether or not that is acceptable : It's long been my understanding that members do not call other members names. I.e. only Moderators can level the accusation of trolling, welshing, lying etc and for ordinary members to use those descriptions would constitute personal insults. I've sought clarification.
Secondly, I wrote you OnceDear a message about how I was welcomed, not once but twice (once before the penalty was imposed and again after it was imposed), to make such a post.
I have now done so, as welcomed to do so, and will leave it alone.
Quote: MDawgI'm directing the Wizard to this discussion. I accepted your wager. I'm ready to put up the $100,000. I wouldn't do that if I didn't know I have already won.
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My two cents is this isn't a wager. It's a challenge.
A wager should be for an event with an unknown outcome..
MDawg literally says he knows the outcome in advance.
Basically the "challenge" was simply to prove a statements validity and since the challenged side already knows the outcome, I hardly call it a valid wager.
Most of the phenomenon had to do with Pandemic supply issues, making it impossible to buy brand new Rolexes from the authorized dealers without a several year waiting list. That may be changing, and as well the market has been glutted with too many re-sellers trying to off new Rolex models at inflated prices.
Daytonas are still in demand, but softening slightly. Other models such as Day Dates prices have dropped dramatically in just the past weeks.
For example the 228235 Day Date RG Anniversary Olive Green Dial - people were trying to get 90K or more (even 100K) for these months ago, then prices dropped to low 80s, now low 70s from some sellers. MSRP on this watch is in the mid 40s.
Quote: MDawgRolex re-sale prices dropping fast! Market seems to have topped out. Many models still sell for more than MSRP but the gap is closing.
Most of the phenomenon had to do with Pandemic supply issues, making it impossible to buy brand new Rolexes from the authorized dealers without a several year waiting list. That may be changing, and as well the market has been glutted with too many re-sellers trying to off new Rolex models at inflated prices.
Daytonas are still in demand, but softening slightly. Other models such as Day Dates prices have dropped dramatically in just the past weeks.
For example the 228235 Day Date RG Anniversary Olive Green Dial - people were trying to get 90K or more (even 100K) for these months ago, then prices dropped to low 80s, now low 70s from some sellers. MSRP on this watch is in the mid 40s.
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I can get a watch for $5 that tells time.
Your advice to pick one up a couple years ago for seventy K or whatever they were then was about the best advice ever. As mentioned, I did pay for one for about 80K about a year and half ago but the dealer backed out of the deal supposedly because they couldn't get my credit card payment approved or some such. The charge went through fine at my end, but merchants have their own policies.
At 125 we are at a pre-split adjusted 2500.
Keep in mind that a 2 point move on AMZN today is equal to 40 points. Just saying.
Quote: darkozQuote: MDawgRolex re-sale prices dropping fast! Market seems to have topped out. Many models still sell for more than MSRP but the gap is closing.
Most of the phenomenon had to do with Pandemic supply issues, making it impossible to buy brand new Rolexes from the authorized dealers without a several year waiting list. That may be changing, and as well the market has been glutted with too many re-sellers trying to off new Rolex models at inflated prices.
Daytonas are still in demand, but softening slightly. Other models such as Day Dates prices have dropped dramatically in just the past weeks.
For example the 228235 Day Date RG Anniversary Olive Green Dial - people were trying to get 90K or more (even 100K) for these months ago, then prices dropped to low 80s, now low 70s from some sellers. MSRP on this watch is in the mid 40s.
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I can get a watch for $5 that tells time.
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I reasonably trust that my pocket computer, which I'm carrying anyway, is synchronized within a second of WWV both via multiple terrestrial microwave radio links and satellite downlink datastreams.
If those systems don't work, I don't really care what time it is beyond "day" and "night".
Everything will be fixed next week and the Dow will be at 50,000 by end of the year. I really regret selling so much in January when the Dow was 3,000 points higher than now
Quote: MDawgBottom fishing TSLA trade, 645 to 665. Major Cha’Ching!
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Really? How many shares?
tuttigym
Thanks but no thanks for the "advice"Quote: MDawgQuote: MDawgI’d advise against a situation where you might end up selling at the bottom and then get stuck watching it rise the rest of your life and not want to reenter higher. When something good drops that far that fast it usually bounces back. If your stop loss was only fifty cents below yesterday's SPY close, you were stopped out today at the open at 398.
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Ace2, okay so you got stopped out at 398 or so. SPY is about fifteen points higher now. So when will you buy back?
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I sold the largest chunk of my SPY for $432 per share back in January. The more recent sale (that you are referring to) was a much smaller lot.
SPY is currently at 378. If this turns into a colossal selloff, which is likely, I'd start buying back at 275
40% of my portfolio (down from 90% on Jan-1) is still invested in SPY and I won't be selling more. So if I'm completely wrong and the market rebounds strong/soon, I'm still 40% in and the stuff I sold was for huge long-term gains and within 13% (average) of the market's all-time high.
PS the Dow could drop below 30,000 at any time now, maybe even tomorrow. That's a significant psychological barrier to cross and will generate headlines. Never underestimate the power of market psychology...investors may start panicking. And the brief little sucker rallies, which always occur in the first phase of a crash, may be over
Quote: MDawgBottom fishing TSLA trade, 645 to 665. Major Cha’Ching!
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How come you only tell us after you sell? Next time tell us when you buy and when you sell.
Quote: DRichQuote: MDawgBottom fishing TSLA trade, 645 to 665. Major Cha’Ching!
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How come you only tell us after you sell? Next time tell us when you buy and when you sell.
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It should be pretty obvious why!
Quote: darkozQuote: DRichQuote: MDawgBottom fishing TSLA trade, 645 to 665. Major Cha’Ching!
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How come you only tell us after you sell? Next time tell us when you buy and when you sell.
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It should be pretty obvious why!
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It may have been a rhetorical question.
