Stocks MDawg's Stock Trading Adventures

I have been posting at other forums about my stock trading. This is a form of educated gambling. It's obviously much easier than casino gambling, in that I have not had a losing trade in over two years now.

I stick with industry leaders like AMZN, GOOG/GOOGL, NFLX, TSLA, AAPL. I hold all of these stocks very long term, but I also trade additional shares long, on dips. I also trade CMG and have held it on and off over the years longer term.

I have many other stocks in my long term portfolio, mostly blue chip, that I don't trade.

 

All right here we go.

Nothing really happening yet, but that's not bad actually.

 

Up now, true reading.

 

If you are buying and holding blue chips stocks long term, you are not a trader but an investor.

 

As I wrote above, I hold a lot of stocks very long term. I trade additional shares of these same stocks. On the trades, I hold anywhere from minutes to days although sometimes I have position (Swung) trade them for even longer.

So, I both invest and trade.

On a day like today, I will probably just watch my long terms go up. Good day! As far as trading, I am more of a buy long on the dips type trader.

 

How much have you lost so far since january the 1st?.

 

My long terms are down about a million and a half since their peak in February.

But I continue to make money daily, trading. Not enough to make much of a difference, but it will make a big difference once the market recovers, which it will. I haven't had a losing trade in over two years, but my average trade I just make a grand or two or three and sell.

Yes of course I wish I had sold everything at the peak, and continued with trading only since then, but that's a pipe dream. I didn't sell my long terms in 2008, which was a couple of years after I re-entered the market heavily, I didn't sell in early 2016 at that panic, and I didn't sell at the end of 2018, so why would I sell now?

 

I did do one quick trade AMZN 2002 to 2004.

Like to see AMZN break past 2050 this week though, for the sake of my long terms.

 

No spread with your broker?.

 

Broker? Spread? You'll have to explain what you are talking about. I am not forex trading, nor would I ever.

By the way, I haven't had a broker since I started getting involved with stocks as a teenager. I do it all myself.


"You know your broker...

You know all them m'fers is crooked as a barrel of snakes, don't you?"



Well, except for me. I have a series 65 license.

 

Then you buy your AMZN stock via which channel if it is not with a broker, especially if you seem to be scalping tiny variations %

 

When I first got started with all this that's what all the brokers would claim, that they could get a better fill price than I could with my DATEK, DLJ Direct, or whatever I was using back then. Wasn't true then and isn't true today either.

My phone used to ring nonstop with all those snakes, got to where every time I heard an East Coast accent I'd just hang up immediately. I may have been just born yesterday, but I still knew enough to forgettaboutit.

 

I am down 2 cents buddy, I hope for you it goes up, otherwise, I will make a scandal

 

Fortunately for you, Donald saw my trade and injected immediately monopoly bills to make it go upward

 

Well in my case, the 2002 to 2004 trade was on the first drop, where it never went below 2000. Then after the second drop to 1998 or so it zoomed (back) up to where it is now, 2025 or so.

 

Gap filled from 2012 to 1998 and then an upward move, but where did you put your stop loss, just below 1997?.

 

I bought it on the first drop, to 2002. Once I did that, it didn't get below even 2000, so there was no reason to worry. Then it sold at 2004.

(It was after I sold at 2004, and it went to higher than 2004 (not sure exactly where, wasn't looking), that it consequently dropped all the way to 1998.)

Hypothetically, if it had dropped to below 1997, on me, I would have averaged in more shares, and then lowered my purchase price. I do it that way all the time, as needed - average in more shares, lower the sell price to make the same amount of money as I would have originally. Sometimes if it looks really bad, I'll average in and get out with just a small profit.

Worst case scenario, I'll turn the day trade into a swing trade, and ride it out. I don't utilize margin and have a lot in my account so I can ride out the drops.

Stocks like AMZN seem to come back always, no matter how long it takes.

 

Your risk reward ratio must be really bad. This is not a strategy I would use, especially on Forex where leverage is often used.

 

I haven't had a losing trade in over two years.

I trade only stocks that tend to go up over time, very high quality stocks, the same stocks I have held very long term.

As mentioned, I don't bother with Forex or anything ostensibly rigged like that, and I have the millions to ride Forex swings out if I wanted to, but still I don't mess with it.