Mdawgs Investments

onenickel, the stocks I trade are pretty expensive, CMG, GOOGL, NFLX, TSLA, and most especially AMZN, so that's one thing about them - to make money on trading them safely, and quickly, you need to be able to buy enough shares. Also they are, especially AMZN, very dangerous stocks in that even buying 100 shares you could be down three grand before you know it. But the rewards in trading (and buying and holding) these stocks have been great, for me, for many years.

I recall a friend of mine years ago telling me, you know, there are other stocks besides GOOG/GOOGL, NFLX and AMZN, as far as trading, but, I just like to stick with industry leaders. Anytime I have gotten stuck in a losing long position with them, the stock has always come back, and come back strong, eventually.

This rally now has legs, and is looking GOOD.

But you see how the market often tricks you. I bot TSLA at 411, it dropped to 396, and oh ****, I felt grateful to make a point. And yet now, TSLA is pushing 470.

Still, a profit's a profit, $1000.


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.

Today was a trader's dream...and ironically, I did only the one trade today partly because I had be out and about starting at about 11am PST and couldn't be glued to a screen.

AT ALMOST ANY GIVEN MOMENT you could have gone long OR short with the major stocks I follow, and been able to book a profit. Throw a dart, get a fill, make money. Volatility and ups and downs and downs and ups, especially when they go back and forth between relatively consistent points, are a trader's friend.

Quote: MDawg

Today was a trader's dream...and ironically, I did only the one trade today partly because I had be out and about starting at about 11am PST and couldn't be glued to a screen.

AT ALMOST ANY GIVEN MOMENT you could have gone long OR short with the major stocks I follow, and been able to book a profit. Throw a dart, get a fill, make money. Volatility and ups and downs and downs and ups, especially when they go back and forth between relatively consistent points, are a trader's friend.

There is a lot of new money, they may have been caught trying to day trade without the requirements and got stuck to hold their positions to not be marked as a pattern day trader.

What 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.

A true bear market is marked by savage ups and downs, with the over all trend being...DOWN. And that is what we have lately. Not good.

I have not understood or learned the difference between a good idea and a bad idea. Usually in gambling patterns mean nothing, they're actually harmful or not beneficial because they're exposed to the house edge. No house edge here but not all money invested will be returned entirely. I don't like believing in things which seem like horoscopes. For something like the futures going red that night, do you have a theory and a response plan etc? I know my friend's father made a lot of money from the mid 90s to the the mid 2000s when he blew his sack of 2 million in one day less $100,000 in one day when he pulled the trigger to release his short sale. I remember him saying he was right, but the market wasn't behaving like it should and I believe he couldn't hack it anymore. He was able to build a business from credit and his sales ability pretty nicely making $400,000 profits a year. I don't think he ever made it back being successful in the markets because his old tricks weren't good anymore and he never had the same amount of money to make the big plays he used to. When he lost all but $100,000, he would have fully recovered had he held on longer, but he wanted to have some money left and not risk everything but his house. This was all happening in minute's time, was legitimate, nothing to make an excuse about. Well the point is some people make it with the right ideas until they don't know they're now wrong. He blamed me for tempting him because he made so much money and just played the big shot spending big cash in poor areas to pick up their young women, but had a modest home and a cracked up driveway. He took it upon himself to make enough money in one day to buy some Chrysler expensive sports car, and he blew it. Of course he didn't have to have such an ego, and such greed, but he did. Can't say he didn't deserve it, he cared so much about people trusting him and all he did was lie and cheat on his wife. He said he lied about women and that was it, but it was a lie. He was a big liar and a douche.

I guess because of this, I believed it was over for traders at home. Then a couple years ago there was an attractive young woman talking about how she financed her world-wide travel from stock investing. I didn't believe it, thought she used older men or sold her panties or something. The channel was Travellight, just looked it up.





I didn't believe her, guess a few years later she was raped in India, so I feel bad judging her for her appearance and manner of speaking. Think she pronounced a word weirdly with hard consonants and I despised her for it. I totally judged her, guess I didn't believe her because of her looks and youth. I didn't believe she did it entirely on her own without something being hidden.

If I understand you correctly, your friend's father went short and covered at a tremendous loss where if he had stayed in just a while longer he would have actually made money. Yes, the markets have a cruel way of doing that, turning a trade that is a loser today into a big time winner on down the line - but that gets back to what I mentioned above about how TIME is on your side when investing, but against you when trading. When you're trading you not only have to be right, you have to be right during the short time that you hold the trade.

The reason he covered is because he had unlimited loss potential with a short. With a long, a regular stock purchase, the worst that may happen is it goes to zero and you lose all the money you put into the purchase. But with a short, it could theoretically keep going up forever, and wipe you out completely, eat up all your money in your account until you're sold out involuntarily.

I know someone who shorted AMZN at around 1950 a couple months ago or so, and then of course it went way over 2000, and 2050 and he bailed and lost money, and then when he saw it get to 2150 and beyond he figured, wow am I glad I got out, but then now look at AMZN it's been below 1700 even, so if he had held on, he'd have made a lot versus losing.

Futures - I have traded these before, at night, but just lightly not for any major profit. Typically with futures I would look for nights where they were tanking and I'd buy at what looked like an overreaction low and then sell them after they started to recover. But you can't really do that right now very safely because we have nights where the stops are triggered both on the upside and the down. What I mean is, that lately we don't have as much yo yo'ing during the night up and down with futures, either they go all the way up until they reach the max up and are halted, or all the way down until they reach the max down and are halted. You gotta be right all the way in the right direction with futures these days, there isn't as much swinging that allows you to win even if the future entry point ends up moving against you at first.

Anyway, as far as good or bad ideas, I understand what you mean. All of my long term stocks are longs and I hold them long. I did not sell any of them during the past month, if anything, I bought some more starting last Thursday planning to hold long term. So, given that over all I am long, it wouldn't make sense for me to be shorting right now, I'd be betting against myself. So, as an investor, I am stuck in long positions including during this panic. But, I don't mind being stuck given that I rode through 2008, too and all my stocks today are much higher than they were in 2007, and so will they someday be much higher than they were in February 2020.

I don't know anyone personally who lost massively and quickly like you describe in the stock market, but I do have friends who used to trade FOREX who made and lost huge sums in literally minutes.

Having a ton of money doesn't mean that you know what is going to happen - for example for YEARS now George Soros has been buying puts (options) that bet that the S&P is going to collapse, and he keeps rolling those over, and buying more of them, and he's been risking hundreds of millions waiting for a collapse and losing more and more each year on his contrarian bet as the S&P has rocketed on upwards. Even what happened in the last month isn't enough to put him anywhere near the green. He's still in the red as can be on those puts.


As far as these guys (or girls) who claim to be able to teach you how to stock trade, all of them are making their money off fees (tuition) to learn from them, versus profits in trading. Trading is something like gambling - either you got it, or you don't, and it's not entirely something that may be taught. With a lot of practice you may get better at trading, but if you don't have a knack for it no amount of time spent will make up for lack of inner talent.

Quote: onenickelmiracle

I guess because of this, I believed it was over for traders at home. Then a couple years ago there was an attractive young woman talking about how she financed her world-wide travel from stock investing. I didn't believe it, thought she used older men or sold her panties or something. The channel was Travellight, just looked it up.

I didn't believe her, guess a few years later she was raped in India, so I feel bad judging her for her appearance and manner of speaking. Think she pronounced a word weirdly with hard consonants and I despised her for it. I totally judged her, guess I didn't believe her because of her looks and youth. I didn't believe she did it entirely on her own without something being hidden.

Wonderful story. *sarcasm face.

AMZN is top dog today. It's greenie today, imagine how well it will do when the market recovers.