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OnceDear
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OnceDear
Joined: Jun 1, 2014
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March 24th, 2021 at 10:21:00 AM permalink
Quote: MDawg

I ended up going in at 661, and it dropped a full 10 pts. I had an order in to average more at 648, but it never dropped that low.

Anyway, I wanted 665 but let it go at 662, which it eventually came back to.

Imagine how happy I was to see

$165,000 invested and another $160,000 lined up for the martingale averaging. And you happily booked a profit of $200 $250. I stand corrected.

Well done.
Last edited by: OnceDear on Mar 24, 2021
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
MDawg
MDawg
Joined: Sep 27, 2018
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March 24th, 2021 at 10:35:25 AM permalink
Not $200. $250.

Two more. On the third trade I had to average in @ 642 but as always, it worked! $750. booked today. Some days are more difficult than others, but a win is a win. Now watch TSLA go back over 650 anyway and make it so that I left a lot on the table. I am sure those scavenging other traders are divvying up my 500 shares will take them higher. Still, I entered the trade to make a quick 250 and that is what I did. Mission accomplished.



Book an average K a day and it adds up.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
OnceDear
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OnceDear
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March 24th, 2021 at 10:44:18 AM permalink
Quote: MDawg

Book an average K a day and it adds up.

More hit and run nonsense for your disciples.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
MDawg
MDawg
Joined: Sep 27, 2018
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March 24th, 2021 at 10:48:16 AM permalink
No offense - just - I get the impression that this is like an alien world to you. This is what stock traders do. What do you think all those trades are all day long driving the stock up and down?? I'm more successful than most, but at the same time my goals are relatively modest because I'm mostly just doing this for fun on the side. And losing is not an option to MDawg!

My long terms remain and will not be sold.
Last edited by: MDawg on Mar 24, 2021
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
OnceDear
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OnceDear
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March 24th, 2021 at 10:54:53 AM permalink
Quote: MDawg

In general, none of this is anything within your ken. That is no offense - just - I get the impression that this is like an alien world to you.

You're entitled to your opinion. I get the impression we don't inhabit the same reality.

I ask again why you don't leverage these trades.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
MDawg
MDawg
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March 24th, 2021 at 10:59:03 AM permalink
Talk to some people who trade stocks. You are communicating with one right now, but perhaps if you spoke in person to someone else who trades the US market actively this will all make more sense. Different traders have different trading styles. I go with what works for me. Looks like something similar is working for SooPoo too.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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Thanks for this post from:
Downwarddawg
March 24th, 2021 at 1:27:45 PM permalink
Quote: Downwarddawg

Sock's statement redacted by Mod



Great first post while visiting a Las Vegas based gambling forum..... Will you tell us which banned member you are or do we have to guess?

I brag too.....mostly about basketball and how gorgeous my wife is.... I know I at times must seem obnoxious..... This is an Internet forum.... if you don't like MDawg's bragging..... I suggest avoiding threads that start with the words ""MDawg".....

And it's ok not to believe MDawg..... but you really went through the trouble of registering an account to say so? How has that worked out for your banned account?
Last edited by: unnamed administrator on Mar 24, 2021
SOOPOO
SOOPOO
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FTB
March 24th, 2021 at 1:48:00 PM permalink
Quote: Downwarddawg

Sock's statement redacted by Mod



Not agreeing or disagreeing on whether MDawg is a rich guy who brags. Just wondering WHY THE F YOU would join a forum SOLELY to point out he is obnoxious and lying about money stuff? What does that say about you? I'm telling you, maybe 1/4, maybe 1/2, maybe 3/4 of the members think I'm obnoxious and brag too much. But SOME members like my stuff. Just like I like MDawgs stuff. I have been clear that I don't believe his bacarrat tales, but the rest is at least plausible to me. It costs me NOTHING to politely interact with him. Would I guarantee everything in his stock shtick is factual? No! But WHO CARES! He is fun to talk to, and he certainly has a good understanding of stocks, at least from his perspective!
MDawg
MDawg
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March 24th, 2021 at 2:41:00 PM permalink
SooPoo I'm sure you noticed the meltdown towards the end of the day. That's why, as I've said before, that it's best to do your trades EARLY, because earlier there is more up and down, as people haven't given up on stocks yet even if they are going to plummet by the bell. As we get closer to the bell it's a crap shoot as to whether we'll close at the high or low for the day, and as well - TIME is working against you there is less time for a turnaround if you get stuck in a trade.

In other words, towards the close stocks may rocket, or they may plummet, but there is really no way to predict which with absolute certainty. (I have various pieces of data I use to try to predict which way we will go by the close, but it is not an exact science by any means.) However, much earlier in the day it is easier to get in higher probability trades on dips, as those earlier dips tend to get bought right back up no matter what else ends up happening into the close, especially if it is just the first day of a sell off. I mean there are a lot of factors to consider but a general rule of thumb is to trade earlier in the day versus closer to the bell if you are day trading.

I just noticed OnceDear's question about why I don't leverage my trades. If you mean, why don't I buy more shares and make more money per trade, I believe I have answered that more than once, no? It has to do with the amount of money I'm willing to sock into a single trade. If I'm trying to keep it around seven figures max per trade, then I leave a lot of room for averaging in more shares. As I have said before too, for the vast majority of my trades I could have done larger lots and gone for more points but every now and then I get caught, need to average in more shares, and then perhaps even more shares, and for that contingency, I play it more conservatively on each trade.

For example today - on that first trade at 661, I got greedy and wanted 665 to take the full boat 1000. I could have had 663 or 664 pretty easily and QUICKLY, but 665 was not in the cards. The stock plummeted, down to something like 652 or so, came back barely to 662, and I got out with a small profit. That would be one of the "Minority Report" trades where trying to squeeze more out of it than usual could have backfired. But still - it was an early morning trade, people hadn't "given up" on TSLA yet, and it bounced back pretty nicely before a further dip later.

Anyway, in general, I just go for what I view as small lots (maybe two or three hundred K of the stock per lot), and then average in as needed, up to my comfort level of seven figures or so per trade, and try to book what seems safe for that particular trade at that particular moment, in terms of points, again, on the conservative side as far as practically scalping versus swing trading. And anyone who says booking a grand a day is insignificant isn't thinking about how that translates to a quarter million or so by the end of the year, for just a few hours of work five days a week, work that may be done while doing other things as well.
Last edited by: MDawg on Mar 24, 2021
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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March 24th, 2021 at 9:18:31 PM permalink
Quote: SOOPOO

Great first post while visiting a Las Vegas based gambling forum..... Will you tell us which banned member you are or do we have to guess?

I brag too.....mostly about basketball and how gorgeous my wife is.... I know I at times must seem obnoxious..... This is an Internet forum.... if you don't like MDawg's bragging..... I suggest avoiding threads that start with the words ""MDawg".....

And it's ok not to believe MDawg..... but you really went through the trouble of registering an account to say so? How has that worked out for your banned account?

I don't think anyone thinks you are obnoxious. Your bragging(and I wouldn't even call it that) seems to be just the right amount. But here is the thing, you have provided enough evidence and history including IRL meet-ups' that backs up all your claims. You did well for yourself in life, there's nothing wrong with sharing some things about your good fortune and life.

P.S. I can even forgive the fact that you are a stock talk junkie who is willing to talk to anyone no matter what the situation is just to get your fix. I know some homeless guy with a cell phone who likes to talk stocks, can I pass on your cell number to him?
♪♪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♪♪

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