Mdawgs Investments

I’m just trading additional shares of stocks I already hold long term. And yes correct as B.Ryan alludes only under the most catastrophic of conditions would even 20% of the funds be tied up (in a paper loss) and even then probably only for a matter of at most weeks.

The proof that the trades I make are quite low risk is that for the vast majority of them the 2 - 5 points I clip end up being a - having sold myself short situation - to the tune of leaving usually around 10 points on the table that same day or within another day.

I don’t get greedy on my trades. My long term holds sate my avarice.

It’s just extra money and something to do.

Quote: billryan

Quote: DRich

Quote: MDawg

Spirit having some trouble.

Spirit Airlines files for bankruptcy as financial losses pile up
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They have been having lots of trouble since the pandemic. When their Jetblue and Frontier partnerships fizzled the writing was on the wall.
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It is the worst airline I have ever dealt with. I won't miss them, although I have friends who swear by them.
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I have probably flown Spirit close to 50 times. They don't seem any worse than the other airlines to me.

Quote: DRich

Quote: billryan

Quote: DRich

Quote: MDawg

Spirit having some trouble.

Spirit Airlines files for bankruptcy as financial losses pile up
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They have been having lots of trouble since the pandemic. When their Jetblue and Frontier partnerships fizzled the writing was on the wall.
link to original post

It is the worst airline I have ever dealt with. I won't miss them, although I have friends who swear by them.
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I have probably flown Spirit close to 50 times. They don't seem any worse than the other airlines to me.
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I have friends that swear by them, but I had two horrible dealings with them, followed by a form letter response to my complaint.
I'm a big guy. I flew them from NY to Vegas and booked a stopover in Chicago. Our half-empty plane gets to Chicago, the Captain
says that the plane can't go on, and we have to switch planes. As I got in line for the new plane, a SW employee approached me and asked me to step out of line. She tells me airline policy was anyone my size must buy a second ticket. That set off an unexpected turn of events.

Quote: tuttigym

Quote: MDawg

Speaking of trades, NFLX 813 to 815 was the first trade of the day for me today. I didn't get the low, or the high, but two grand is two grand.

Cha'ching!
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So. let me get this straight, you wagered/paid $813k to make $2k which actually nets you about $1k after short term fed and state taxes? Well, someone has to support our respective govts. Why not you?

tuttigym
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Think of it as he USED $813k to make $2k. And that may have been for a few minutes or an hour or two. I always laugh when someone (MDawg here) makes some $$ from doing close to nothing and someone else (tuttigym here) makes fun of him because he has to pay taxes on what he made!

Every time I make $2k for pushing a few buttons on my phone it’s a good day.

My neighbor in Bisbee stopped renting his guesthouse for $800 a month when Cochise County imposed a one-time $100 registration fee and a $25 permit fee for rental properties. He didn't want to share any income with the county, so he left it vacant, and it became infested with packrats.

Choose your own adventure.

Path A leads to a payday, but you'll owe 35% of your winnings.

Path B goes nowhere, but you get to keep it all.

I actually did another trade yesterday with TSLA (as usual, extra shares on top of long term shares I hold) - and "risked" 😅 $331,000. there too. I should have held that one longer too, it was good for over fifteen grand, but I just took the small profit (in that case - I actually clipped the trade at just 1 pt, I entered the sell at 332 in as soon as I got the buy fill).

I am as it happens quite good at getting near the bottom on dip days on these stocks I trade. Selling at the top - not so much, I take the safe 2 - 5 points and move on, and in yesterday's second trade, only 1 pt.!

A peek into the MDawg thought process on days when I trade.

Here,



I'm tracking some of the stocks I own and lately I tend to trade additional shares of NVDA, NFLX, TSLA the most.

Looking at TSLA I see it at 334, so in the back of my mind is the 331 I pegged yesterday for a long trade. I don't know yet which way it is going to go at the bell, but it is down right now, some profit taking from yesterday's runup, and its massive runup in general lately.

NVDA reports tomorrow, seems to be holding. If it dips enough today or tomorrow will do a trade on it.

NFLX ended up going up a lot more than I expected yesterday - people shrugged off the streaming issues from that Tyson fight.

I try to avoid a pre-market buy or trade, but I have done it. It tends to be like gambling, not knowing which way it will go at the bell, I like to see some definite patterns before I jump in on a day trade. I might lose out on some great potential trades, but I also avoid getting stuck on a straight hunch.

I don't trade every day. If I see what I view as an obvious money making opportunity, I jump in. If not, I don't trade at all that day.

I'm always doing something else while all this is going on. I leave my tracking software open, on my phone, MacBook Pro, iPad Pro or iMac Pro (or more than one of these) during market hours.

Tomorrow, with NVDA reporting, if I don't do a trade before the bell, I will be watching it to jump in on either a long or a short against the box depending on which way it goes - if it tanks, I'll wait for what I believe is the bottom and go long. If it jumps, I'll wait for it go really high and go short against the box. Short against the box means - short when I already hold shares long.

In general, I rarely short though, but if I think the stock has run as far as it is going to go for that day or moment, I'll clip a couple points off.

The pattern I see emerging is to take a stab at TSLA long if it drops below 330. Ideally, 328. If it does not, oh well, maybe no trade on that one today.

I don't see much else at the moment trade wise on my stocks that I track closely. I don't want to short anything.

NVDA dropping off. Reports after the bell today.

The drop really has nothing to do with anything, no one other than the earnings gods and NVDA insiders know what will be reported.

NVDA dropped due to not beating by much if any.

Quote: MDawg

NVDA dropped due to not beating by much if any.
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It dropped less than one percent, which is not bad considering the newest chips aren't working well together.

Well there are two ways it could go today.

One is to drop below the 138 or so that it hit at the bottom in the AH yesterday. The other is that people shrug it off and take it green today.

At the moment, down -2.5

Quote: vegas

You should only sell if you need the money. 100K will seem cheap soon.
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I decided I will wait for most of what I have.

However I’m selling 10 at a little above $100K just so that I may be a BTC Millionaire in fiat not just on paper.

They did start issuing 1099s for crypto related transactions a couple years ago. I got one for all the interest they paid me starting for the year 2022. I tried to argue with them that I didn’t even convert it to fiat and that the mandatory reporting wasn’t supposed to start until year 2023 but they would not amend the 1099.

From what I understand the 1099 on the sale issued will assume a basis cost of 0 and it will be up to me to prove the basis was higher, which of course it was but for a lot of my btc, not a whole lot higher compared to where btc is at today. My highest basis for btc received from clients was around $30K I suppose I could claim that as part of this first sale transaction.

I will keep my bitcoin. However I have a lot of Chainlink and will sell it probably mid 2025 whenever crypto goes bearish. The alts could drop 60-90% during that time. I will rebuy at a lower price and repeat. I also have solano and probably do the same. Right now Chainlink and Solano are moving and my profits are unreal.

I just don't want to hold the alts when they crash so will take profits when I see the downturn. Link and solano could be up 500% by mid 2025. Right now life is great!

Bot some extra shares NVDA @ 136 in the AH yesterday had not seen it that low in a while.

It is above that already in the pre.