Mdawgs Investments
April 15th, 2025 at 9:40:24 PM
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Quote: MDawgElaine Wynn. R.I.P.
I actually knew her, because I hold a large amount of Wynn stock and when she and her husband were fighting for control of the company I called in to proxy all my shares to her side, and her attorney transferred me to talk to her directly. Then I met her a few times at social events, including at the Resorts World VIP opening, and she remembered me.
Weinberg eventually did get the boot, and Elaine did take over.
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You must have made quite an impression, to have a restaurant there named after you.
April 15th, 2025 at 10:03:51 PM
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Sure, but get it right.
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/
May 13th, 2025 at 1:08:53 PM
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Tech rallying back to regain most of what it lost this year.
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/
May 22nd, 2025 at 9:40:55 AM
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and BTC ATH, 111.
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/
May 22nd, 2025 at 11:09:03 AM
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Who doesn't want to buy something at its all-time high?
The older I get, the better I recall things that never happened
May 22nd, 2025 at 11:53:34 AM
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Actually, statistically, better to buy on way up than down, if you are going to hold a while.
Dip buying like I do for trades is great, but trying to catch a falling knife for investment purposes isn't always the best idea.
Breakouts do happen!
Dip buying like I do for trades is great, but trying to catch a falling knife for investment purposes isn't always the best idea.
Breakouts do happen!
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/
May 24th, 2025 at 9:59:27 AM
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Who would have thunk 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/
May 24th, 2025 at 11:35:10 AM
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The two worst companies merging should bring on a new era of customer dissatisfaction.
I had to get FINRA and another Federal agency involved to collect some $25,000 Capital One owed my Mom's estate, and Discover Card and I parted company years ago. Discover uses a different payment method from other charge cards, and I found it didn't suit my needs at all.
I had to get FINRA and another Federal agency involved to collect some $25,000 Capital One owed my Mom's estate, and Discover Card and I parted company years ago. Discover uses a different payment method from other charge cards, and I found it didn't suit my needs at all.
The older I get, the better I recall things that never happened
May 25th, 2025 at 6:57:09 AM
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Quote: billryanThe two worst companies merging should bring on a new era of customer dissatisfaction.
I had to get FINRA and another Federal agency involved to collect some $25,000 Capital One owed my Mom's estate, and Discover Card and I parted company years ago. Discover uses a different payment method from other charge cards, and I found it didn't suit my needs at all.
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I am pretty sure I have a Discover card and have for probably close to 20 years. I don't believe that I have ever used it.
At one point many years ago I probably had close to 45 active credit cards. I would only carry three or so but every time I opened my safe there would be a brick of credit cards rubber banded together that was probably close to three inches thick.
You can't know everything, but you can know anything.
May 25th, 2025 at 9:07:28 AM
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I have many sock drawered credit cards too but I use each one at least every six months. I’d be surprised if a card you haven’t used in years is still open.
I used to take them to the gas station and run each one for a tiny bit of gas but that was too time consuming. Now I just run a dollar or so on each one on one of my merchant accounts bi annually.
As far as this takeover I wonder what happens to Capital One accounts belonging to someone who was terminated at Discover, or vice versa. I assume in this situation Capital One takes the driver’s seat and would terminate Discover accounts for anyone previously terminated by Capital One (for cause, not merely lack of use), but won’t molest Capital One accounts for those previously terminated by Discover.
I used to take them to the gas station and run each one for a tiny bit of gas but that was too time consuming. Now I just run a dollar or so on each one on one of my merchant accounts bi annually.
As far as this takeover I wonder what happens to Capital One accounts belonging to someone who was terminated at Discover, or vice versa. I assume in this situation Capital One takes the driver’s seat and would terminate Discover accounts for anyone previously terminated by Capital One (for cause, not merely lack of use), but won’t molest Capital One accounts for those previously terminated by Discover.
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/
May 25th, 2025 at 10:53:16 AM
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Quote: MDawgI have many sock drawered credit cards too but I use each one at least every six months. I’d be surprised if a card you haven’t used in years is still open.
I think they are as they send me new ones when the expiration date approaches.
You can't know everything, but you can know anything.
May 26th, 2025 at 9:20:49 AM
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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/
May 28th, 2025 at 7:17:18 PM
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Quote: MDawg
I had the scoop on this two days ago.
Federal court blocks Trump from imposing sweeping tariffs under emergency powers law
But...I actually was having a very good day for other reasons, too. 🤩
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/
June 2nd, 2025 at 6:11:54 PM
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My former boss and the CEO of Shift4 Payments was nominated by Donald Trump to be the head of NASA. He has been to space multiple times. This week his nomination was pulled by Trump because he is close friends with Elon Musk who Trump is now fighting with. He is an incredible visionary and CEO so my perception is that it is bad for NASA. On the other hand as a stockholder in Shift4 (FOUR) I am thrilled because the stock has went down since the announcement that he was leaving.
You can't know everything, but you can know anything.
June 6th, 2025 at 8:28:22 AM
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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/
July 14th, 2025 at 5:22:10 AM
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BTC 121K, but also XRP is pushing 3. Last week my friend advised me to get hold of as much XRP as possible, and I did buy some at 2.28, he claims it will go to 10 within a few months.
I don't necessarily see that, but I do see XRP rising nicely so far! Cha'ching!
I don't necessarily see that, but I do see XRP rising nicely so far! 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/
August 5th, 2025 at 7:27:45 AM
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CRCL good for trades lately, bounces up from below 160.
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/
August 7th, 2025 at 9:20:37 AM
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The new "drop below" point to watch on CRCL is now 150.
Cha'chings galore available! if you are nimble enough.
Cha'chings galore available! if you are nimble enough.
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/
August 7th, 2025 at 11:48:33 AM
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Quote: MDawgBTC 121K, but also XRP is pushing 3. Last week my friend advised me to get hold of as much XRP as possible, and I did buy some at 2.28, he claims it will go to 10 within a few months.
I don't necessarily see that, but I do see XRP rising nicely so far! Cha'ching!
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Bought XRP
$0.55
Payment method
BTC Wallet
Date
12:43 PM – Nov 27, 2020
Status
Completed
♪♪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♪♪
August 8th, 2025 at 10:15:43 AM
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If you're still hodling, then you're up about 2.70 per XRP as of today. Good job.
Not so many hodl long term on crypto, easy to be influenced to sell along the way. I'm relatively new to XRP but I have been hodling BTC for a decade and a half or so, other than 10 I sold at above > $100K, to achieve actually realized bitcoin millionaire status.
As far as BTC is concerned, obviously I done good and made the right decision. As far as the free BCH I received as a result of the hard fork towards end of 2017, so far that hasn't returned to where it was then (over $3000.!), but I continue to hodl.
To give an idea of how rarely I even bother to check my BTC, I wasn't even aware of the free BCH I received until I read something about it and logged in and noticed an increase in value to my chief online wallet that I then realized was due to BCH. When I told one friend of mine about it, the friend was sarcastically congratulatory, "You mean now, besides the millions you made by holding that, you also got something else free?"
Of all the BTC transactions I received, all payments from clients for services rendered, one I recall for a few BTC more vividly than others, because the client offered to pay in that for some minor service I did at the time to the tune of a few grand (BTC was about $1000. per at that time), and I said, sure Bring 'Em. He expected me to decline because BTC was so volatile at that time (actually went down quite a bit after I got them). I just collected the few bitcoin and forgot about it. I still do work for that client but doesn't pay in BTC any longer! If the client thinks about it any longer, I imagine feels something like the person who paid for two pizzas in 2010 with 10,000 BTC.
Not so many hodl long term on crypto, easy to be influenced to sell along the way. I'm relatively new to XRP but I have been hodling BTC for a decade and a half or so, other than 10 I sold at above > $100K, to achieve actually realized bitcoin millionaire status.
As far as BTC is concerned, obviously I done good and made the right decision. As far as the free BCH I received as a result of the hard fork towards end of 2017, so far that hasn't returned to where it was then (over $3000.!), but I continue to hodl.
To give an idea of how rarely I even bother to check my BTC, I wasn't even aware of the free BCH I received until I read something about it and logged in and noticed an increase in value to my chief online wallet that I then realized was due to BCH. When I told one friend of mine about it, the friend was sarcastically congratulatory, "You mean now, besides the millions you made by holding that, you also got something else free?"
Of all the BTC transactions I received, all payments from clients for services rendered, one I recall for a few BTC more vividly than others, because the client offered to pay in that for some minor service I did at the time to the tune of a few grand (BTC was about $1000. per at that time), and I said, sure Bring 'Em. He expected me to decline because BTC was so volatile at that time (actually went down quite a bit after I got them). I just collected the few bitcoin and forgot about it. I still do work for that client but doesn't pay in BTC any longer! If the client thinks about it any longer, I imagine feels something like the person who paid for two pizzas in 2010 with 10,000 BTC.
Last edited by: MDawg on Aug 8, 2025
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/
August 8th, 2025 at 11:00:56 AM
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I'm pretty heavily in tech stocks, at this point I think enough diversification can occur within the sector that I don't need a beta-killer of, say, Johnson & Johnson any more.
Mostly AI-adjacent companies (NVidia, Apple, Microsoft), micro energy (powers AI centers), and some others. And about 3% bitcoin EFTs. I got Crowdstrike and Tesla at relatively low prices when they were under some stress.
It's more volatile but I can't touch it for some time anyway.
Mostly AI-adjacent companies (NVidia, Apple, Microsoft), micro energy (powers AI centers), and some others. And about 3% bitcoin EFTs. I got Crowdstrike and Tesla at relatively low prices when they were under some stress.
It's more volatile but I can't touch it for some time anyway.
August 8th, 2025 at 11:34:17 AM
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Quote: SummerlinDaveI'm pretty heavily in tech stocks, at this point I think enough diversification can occur within the sector that I don't need a beta-killer of, say, Johnson & Johnson any more.
Mostly AI-adjacent companies (NVidia, Apple, Microsoft), micro energy (powers AI centers), and some others. And about 3% bitcoin EFTs. I got Crowdstrike and Tesla at relatively low prices when they were under some stress.
It's more volatile but I can't touch it for some time anyway.
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I am too old school, I have very little tech stocks. Most of my holdings are bigger established companies. I guess I am still in the Buffet school.
You can't know everything, but you can know anything.
August 8th, 2025 at 12:10:54 PM
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Quote: DRich
I am too old school, I have very little tech stocks. Most of my holdings are bigger established companies. I guess I am still in the Buffet school.
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Gotta do what's right for you! I'm by no means ahead of the curve. I first dallied in tech stocks in the late 90s but between the 1999 Toys R Us debacle, 2000 tech burst, and 9/11, I considered myself lucky when I broke even selling them (2002??).
Big mistake. I didn't really get back into tech at all until the iPhone came into prominence (late 00s or so) and not full-bore for several more years. I have never done the math but I think I would be on the order of thousands of times richer if I had held onto what I sold and gotten back into it more robustly in the late 00s (bitcoin especially).
Oh well, right? Live and learn. But if I could see the future, my retirement plan would consist of buying a single $2 lottery ticket every now and then.
August 28th, 2025 at 6:30:09 AM
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NVDA drops almost -6 in the AH yesterday, down less than -0.80 right now in the pre!
I have a feeling the drop will still happen later today though, but it actually just opened green!
Just goes to show that it is hard to keep a good man, or in this case stock, down when momentum is on its side.
I have a feeling the drop will still happen later today though, but it actually just opened green!
Just goes to show that it is hard to keep a good man, or in this case stock, down when momentum is on its side.
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/
August 28th, 2025 at 7:11:16 AM
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Quote: MDawgI have a feeling the drop will still happen later today though
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As advertised! Already hit the same -6 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/
September 11th, 2025 at 11:07:02 AM
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Bot CRCL stock cheap on a recent dip @ 109.
Wasn't going anywhere so I held.
But today...Cha'ching!
Wasn't going anywhere so I held.
But today...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/
September 24th, 2025 at 6:25:28 AM
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Yesterday some people I know got caught up in day trading expecting Powell's comments to boost the market. No hint of a rate cut equals, a drop! I did my trades early, before he even spoke, did fine.
We will get some relief today but over all the market has been running hard and is due for a healthy pull back, before it rises to ever more lofty heights. In that respect I don't think what Powell said (or didn't say) even matters.
We will get some relief today but over all the market has been running hard and is due for a healthy pull back, before it rises to ever more lofty heights. In that respect I don't think what Powell said (or didn't say) even matters.
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/
September 24th, 2025 at 7:38:28 AM
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Let’s say you got fed up with lawyering. Do you think you could reliably make a living trading stocks? I’m not talking buy and hold. I’m talking buy this morning at 100, sell later today/tomorrow/next week at 102?
I feel for me it was almost like a Martingale. I’d make that $2 quite often, but was afraid that $100 would drop and never come back? So lots of small wins but maybe one BIG loss?
I feel for me it was almost like a Martingale. I’d make that $2 quite often, but was afraid that $100 would drop and never come back? So lots of small wins but maybe one BIG loss?
September 24th, 2025 at 7:41:38 AM
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That's a big reason why most traders (and gamblers too, for that matter) lose money - they don't take advantage of their winning moments to really push it, and cut their wins short.
Over time, you either learn to make the most of opportunities, or give up trading. Or, I suppose, keep doing it and losing?
I wrote a big addendum to the above explaining more, and answering your question, but the WOV forum collapsed on me and lost the post. Luckily it retained the above two paragraphs. May post more at another time.
Over time, you either learn to make the most of opportunities, or give up trading. Or, I suppose, keep doing it and losing?
I wrote a big addendum to the above explaining more, and answering your question, but the WOV forum collapsed on me and lost the post. Luckily it retained the above two paragraphs. May post more at another time.
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/
September 25th, 2025 at 10:43:26 AM
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I don’t trade daily and lately I might not even trade weekly.
Most early mornings (before the bell) I scan for a good trade but I pull the trigger only if it’s a very high probability win what gamblers call “a sure thing.” Many times I’ll put in an order and not even get a fill because the price entered is just so good that if achieved I’m practically guaranteed a profit, but that is the nature of standing by for high probability trades only. Yes I miss out on a lot of potential profit but I also miss most any potential losses.
Before the bell I put in an order for a buy long on RDDT at 223 but it never quite dropped that low. Missed by about a half a point. RDDT is over ten points higher now.
Point being that the way I trade I might make zero some days due to inactivity. Over all success rate remains 100% but to answer your question about whether I could do this for a living and nothing else - yes, but within the confines of no assured income. I’m not like that broker who churns - I trade very selectively.
Most early mornings (before the bell) I scan for a good trade but I pull the trigger only if it’s a very high probability win what gamblers call “a sure thing.” Many times I’ll put in an order and not even get a fill because the price entered is just so good that if achieved I’m practically guaranteed a profit, but that is the nature of standing by for high probability trades only. Yes I miss out on a lot of potential profit but I also miss most any potential losses.
Before the bell I put in an order for a buy long on RDDT at 223 but it never quite dropped that low. Missed by about a half a point. RDDT is over ten points higher now.
Point being that the way I trade I might make zero some days due to inactivity. Over all success rate remains 100% but to answer your question about whether I could do this for a living and nothing else - yes, but within the confines of no assured income. I’m not like that broker who churns - I trade very selectively.
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/
September 26th, 2025 at 11:33:31 AM
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Today I put in a buy order for Meta @ 738 pretty much expected rock bottom take it or leave it.
Filled, easy 5 points / 5 grand. Cha'ching!
Filled, easy 5 points / 5 grand. 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/
September 27th, 2025 at 9:15:38 AM
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Quote: MDawgToday I put in a buy order for Meta @ 738 pretty much expected rock bottom take it or leave it.
Filled, easy 5 points / 5 grand. Cha'ching!
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Good hit. But to do so, remember, you need a liquid $738,000. That if META dropped, you’d have no access to until it returned to 738. You have confidence that there is ‘no way’ META would ‘always’ return to at least 738. Ive had enough stocks that that wasn’t the case.
Just checked. META is a 10 bagger in the WoV portfolio.
I do like to remind you.. …. If you ONLY made two such trades a week, and didn’t make a PENNY in any other endeavors, you’d be a top 2% wage earner here in the good ole USA. Congrats!
September 27th, 2025 at 5:19:14 PM
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You’re right.
Given also that I trade typically only early AMs it also leaves me free to do whatever I like the rest of the day. And on weekends.
Given also that I trade typically only early AMs it also leaves me free to do whatever I like the rest of the day. And on weekends.
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/
September 30th, 2025 at 4:22:25 PM
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No trades yesterday, but two today.
META 728 to 732 was easy. I saw it, put it in, filled (eventually, took some time to drop that low), and then at no point until I sold did META drop below the entry price. Cha'ching!
NFLX was trickier. I put in the buy at 1191, because it was so much higher than that at the time I put it in, and 1191 looked like the right Take it or Leave it entry. I ignored the 1187 dip from yesterday. I should not have, but it all worked out anyway.
Soon after the fill, the bottom fell out and NFLX dropped to 1178. Before it got near there I put in a buy at 1177, 14 points below initial entry, to average in, but it never got that low. Meantime I had put in a sell at 1194, which eventually filled, so today's action actually more or less mirrored yesterday's, with a massive drop, then massive rise back up. Actually went all the way back to almost 1200.
Over all, $7000. not bad at all. Cha'ching!
META 728 to 732 was easy. I saw it, put it in, filled (eventually, took some time to drop that low), and then at no point until I sold did META drop below the entry price. Cha'ching!
NFLX was trickier. I put in the buy at 1191, because it was so much higher than that at the time I put it in, and 1191 looked like the right Take it or Leave it entry. I ignored the 1187 dip from yesterday. I should not have, but it all worked out anyway.
Soon after the fill, the bottom fell out and NFLX dropped to 1178. Before it got near there I put in a buy at 1177, 14 points below initial entry, to average in, but it never got that low. Meantime I had put in a sell at 1194, which eventually filled, so today's action actually more or less mirrored yesterday's, with a massive drop, then massive rise back up. Actually went all the way back to almost 1200.
Over all, $7000. not bad at all. 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/
October 1st, 2025 at 3:38:47 AM
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I did something crazy yesterday. I sold the majority of the stocks that I have in my Etrade account and put almost all of it in one stock. I now have about 80% of my account invested in a stock called FOUR that I really like. I used to own a good chunk of it but sold half last year at $111. For the rest of that week it kept going up and I was kicking myself when it it $125. Yesterday it was down to $75 so I went all in. I will be very surprised if it is not up at least 25% within the year.
You can't know everything, but you can know anything.
October 1st, 2025 at 4:20:00 AM
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Interesting, I will track 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/
October 1st, 2025 at 6:06:31 AM
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Quote: DRichI did something crazy yesterday. I sold the majority of the stocks that I have in my Etrade account and put almost all of it in one stock. I now have about 80% of my account invested in a stock called FOUR that I really like. I used to own a good chunk of it but sold half last year at $111. For the rest of that week it kept going up and I was kicking myself when it it $125. Yesterday it was down to $75 so I went all in. I will be very surprised if it is not up at least 25% within the year.
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Why would you do something so foolish? Putting your family's retirement and future at risk on a single stock? Suppose you'd have done it last year when you loved the stock and it was at $125? You just went from being an investor to becoming a speculator.
There is a reason why every financial advisor recommends diversification and advises against putting all one's eggs in a beaten-down stock.
Four has a reputation for, shall we say, bad customer service , and is riding the current wave of Buy Now, Pay Later.
While the BNPL market is likely to continue to grow, will Four be able to hold off bigger rivals who enter the field?
If I'd bought at $111-$125, I might be tempted to buy some at $75 ,hoping it goues to $100 and cost average my way to breaking even, but at least you know you did something crazy. I hope it works out.
You sold a $75 stock for $111. Take the win and move on.
Last edited by: billryan on Oct 1, 2025
The older I get, the better I recall things that never happened
October 1st, 2025 at 9:12:57 AM
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Quote: billryanQuote: DRichI did something crazy yesterday. I sold the majority of the stocks that I have in my Etrade account and put almost all of it in one stock. I now have about 80% of my account invested in a stock called FOUR that I really like. I used to own a good chunk of it but sold half last year at $111. For the rest of that week it kept going up and I was kicking myself when it it $125. Yesterday it was down to $75 so I went all in. I will be very surprised if it is not up at least 25% within the year.
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Why would you do something so foolish? Putting your family's retirement and future at risk on a single stock? Suppose you'd have done it last year when you loved the stock and it was at $125? You just went from being an investor to becoming a speculator.
There is a reason why every financial advisor recommends diversification and advises against putting all one's eggs in a beaten-down stock.
Four has a reputation for, shall we say, bad customer service , and is riding the current wave of Buy Now, Pay Later.
While the BNPL market is likely to continue to grow, will Four be able to hold off bigger rivals who enter the field?
If I'd bought at $111-$125, I might be tempted to buy some at $75 ,hoping it goues to $100 and cost average my way to breaking even, but at least you know you did something crazy. I hope it works out.
You sold a $75 stock for $111. Take the win and move on.
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Bill, I did not invest any retirement money in this. My ETrade account is my personal play account where all my retirement is managed by Morgan Stanley and Edward Jones. My play account is probably about 10% of my total investments.
I was not aware that Shift4 was actually doing buy now pay later, that must be very new for them. They have been acquiring lots of companies in the international markets. My average buyin on Shift4 was around $46. I sold half of that at $111. I think Shift4 will continue to flourish, having worked with a lot of their leadership I was very impressed. I also will not be surprised if they end up selling to Global Payments, Square, or on of the bigger competitors.
You can't know everything, but you can know anything.
October 1st, 2025 at 9:15:57 AM
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Today I put in three orders before the bell, NFLX @ 1175 , META @ 721 , RDDT @ 208
NFLX filled in the pre-, META after the bell, RDDT not at all (I cancelled it eventually, but interestingly, it would have filled eventually, but too late in the morning for my liking).
I should have waited until the bell, but I was up and got a little impatient.
META dropped all the way to where I bot more shares (equal amount) @ 711 to lower basis to 716, then put in an order to let all 2000 go at 717.
NFLX plummeted but not low enough to hit my average in more price of 1162. I lowered my sell price on it from 1179 to 1178 because I got impatient, and needed to deal with something else anyway, and it filled (later 1179 would have hit too, MDawg is good).
When I came back from what I had to do, META had filled too.
So that's $4000. Cha'ching!
NFLX filled in the pre-, META after the bell, RDDT not at all (I cancelled it eventually, but interestingly, it would have filled eventually, but too late in the morning for my liking).
I should have waited until the bell, but I was up and got a little impatient.
META dropped all the way to where I bot more shares (equal amount) @ 711 to lower basis to 716, then put in an order to let all 2000 go at 717.
NFLX plummeted but not low enough to hit my average in more price of 1162. I lowered my sell price on it from 1179 to 1178 because I got impatient, and needed to deal with something else anyway, and it filled (later 1179 would have hit too, MDawg is good).
When I came back from what I had to do, META had filled too.
So that's $4000. 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/
October 1st, 2025 at 9:20:26 AM
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Their growth has been achieved by acquiring competitors. I'm not sure how sustainable that is.
I'm glad you are only using a fraction of your overall portfolio. My rule of thumb is no individual stock or ETF should exceed 5-7% of my net worth, although I'm breaking my own rule right now as two stocks are each over 10% of my worth.
Even if your goose is laying golden eggs, it's still smart to diversify.
I'm glad you are only using a fraction of your overall portfolio. My rule of thumb is no individual stock or ETF should exceed 5-7% of my net worth, although I'm breaking my own rule right now as two stocks are each over 10% of my worth.
Even if your goose is laying golden eggs, it's still smart to diversify.
The older I get, the better I recall things that never happened
October 1st, 2025 at 9:24:18 AM
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Quote: billryanTheir growth has been achieved by acquiring competitors. I'm not sure how sustainable that is.
I'm glad you are only using a fraction of your overall portfolio. My rule of thumb is no individual stock or ETF should exceed 5-7% of my net worth, although I'm breaking my own rule right now as two stocks are each over 10% of my worth.
Even if your goose is laying golden eggs, it's still smart to diversify.
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I guess you could say their most recent revenue growth has been for acquisitions, but if you look back there was a lot of organic growth from 2020-2024. The team that I was on their was processing over $200 billion in credit cards per year.
You can't know everything, but you can know anything.
October 1st, 2025 at 10:34:14 AM
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My response was based on the assumption that you were allocating 80% of your portfolio to one stock, not a reflection on that stock.
I've looked into the company three times. Each time I concluded it's a good company, but it wouldn't sustain its momentum. It's a moral dilemma for me, as well. I hate debt and don't feel comfortable investing in companies that profit from it.
A while back, someone mentioned that the wonderkid who started the company still controls about 40% of the company. I've had mixed results with companies like that, so I tend to avoid them these days.
I hope it works out for you.
I did something I'm surprised I did, but I am in the process of changing 80% of my portfolios to include 3% crypto and am diverting 5% of my reinvested dividends into it. I'm setting 25% stop losses across the board so my exposure is limited.
I've looked into the company three times. Each time I concluded it's a good company, but it wouldn't sustain its momentum. It's a moral dilemma for me, as well. I hate debt and don't feel comfortable investing in companies that profit from it.
A while back, someone mentioned that the wonderkid who started the company still controls about 40% of the company. I've had mixed results with companies like that, so I tend to avoid them these days.
I hope it works out for you.
I did something I'm surprised I did, but I am in the process of changing 80% of my portfolios to include 3% crypto and am diverting 5% of my reinvested dividends into it. I'm setting 25% stop losses across the board so my exposure is limited.
The older I get, the better I recall things that never happened
October 1st, 2025 at 1:59:35 PM
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Quote: billryanMy response was based on the assumption that you were allocating 80% of your portfolio to one stock, not a reflection on that stock.
I've looked into the company three times. Each time I concluded it's a good company, but it wouldn't sustain its momentum. It's a moral dilemma for me, as well. I hate debt and don't feel comfortable investing in companies that profit from it.
A while back, someone mentioned that the wonderkid who started the company still controls about 40% of the company. I've had mixed results with companies like that, so I tend to avoid them these days.
I hope it works out for you.
I did something I'm surprised I did, but I am in the process of changing 80% of my portfolios to include 3% crypto and am diverting 5% of my reinvested dividends into it. I'm setting 25% stop losses across the board so my exposure is limited.
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One of the reasons I really love Shift4 is because of Jared Issacman ("Wonderkid").. I have been in meetings with many CEO's but none has ever impressed me like he did. He is probably a guy I would bet on in any company he started. I was that impressed.
https://en.wikipedia.org/wiki/Jared_Isaacman
You can't know everything, but you can know anything.
October 12th, 2025 at 5:48:25 AM
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The first day of a plummet, such as what happened Friday, we bounce back quickly from, at least from its lows. But if the plummet goes on for more than one day, then the drop might be more sustained.
Of course if you're silly enough to check out over mere money, you won't be around for the recovery.
Crypto trader Konstantin Galich found dead in Lamborghini in Kyiv as market plunges
Of course if you're silly enough to check out over mere money, you won't be around for the recovery.
Crypto trader Konstantin Galich found dead in Lamborghini in Kyiv as market plunges
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/
October 12th, 2025 at 12:12:41 PM
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(Can’t see the comment I replied to, the commenter probably blocked me or was banned)
Last edited by: harris on Oct 12, 2025
October 12th, 2025 at 10:33:40 PM
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Quote: MDawgThe first day of a plummet, such as what happened Friday, we bounce back quickly from,
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As advertised!
I put in orders for shares of META and TSLA at absurd lows which filled shortly before the bell, where these two stocks actually fell a couple points even lower. Bad Friday for many! but I made money that day going short against the box with NFLX, and expect major cha'chings! if I sell those extra META and TSLA shares tomorrow.
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/
October 13th, 2025 at 7:52:09 AM
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Quote: MDawgand expect major cha'chings! if I sell those extra META and TSLA shares tomorrow.
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Cha'ching!
I had put in 715.5 for META (purchase price 708 on Friday) and 426 for TSLA (purchase price 415), both filled, both went a bit higher, but both much lower now.
The thing is, that Trump often rescinds his thoughts after first spewing them, so it's a pretty sure bet that a major drop due to his threats reverses course pretty quickly. At least until he spews again.
Last edited by: MDawg on Oct 13, 2025
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/
