1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Join our $5,000 Cash Giveaway!

    Win Cash by Posting and Inviting New Members!
  3. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice

Stocks MDawg's Stock Trading Adventures

Discussion in 'Stock Market Forum' started by MDawg, Apr 4, 2020.

  1. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
    Last edited: Apr 4, 2020
  2. Admin Team

    Admin Team Administrators Admins

    Joined:
    Nov 6, 2014
    Likes:
    353
    We have added a new Stock Market Forum and have moved this post to the new Forum to get it started. It complements our existing Forex, Binary Options, and Bitcoin Forums in our Trading Section.
     
  3. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    All right here we go.

    Nothing really happening yet, but that's not bad actually.
    Screen Shot 2020-04-05 at 3.02.57 PM.jpg
     
  4. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    Up now, true reading.
    Screen Shot 2020-04-05 at 3.14.31 PM.jpg
     
  5. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    If you are buying and holding blue chips stocks long term, you are not a trader but an investor.
     
  6. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
  7. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    How much have you lost so far since january the 1st?.
     

  8. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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?
     
    Last edited: Apr 6, 2020
  9. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
  10. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    No spread with your broker?.
     
  11. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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?"
    Screen Shot 2020-04-07 at 8.35.18 AM.jpg


    Well, except for me. I have a series 65 license. :D
     
    Last edited: Apr 7, 2020
  12. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars

    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 %
     
  13. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
    Last edited: Apr 7, 2020
  14. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    I am down 2 cents buddy, I hope for you it goes up, otherwise, I will make a scandal

    [​IMG]
     

  15. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    Fortunately for you, Donald saw my trade and injected immediately monopoly bills to make it go upward :D

    [​IMG]
     
  16. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
    Last edited: Apr 7, 2020
  17. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    Gap filled from 2012 to 1998 and then an upward move, but where did you put your stop loss, just below 1997?.


    [​IMG]
     
  18. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
    Last edited: Apr 7, 2020
  19. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    269
    Location:
    Mars
    Your risk reward ratio must be really bad. This is not a strategy I would use, especially on Forex where leverage is often used.
     
  20. MDawg

    MDawg Active Member

    Joined:
    Feb 22, 2020
    Likes:
    126
    Occupation:
    Lawyer, Businessman
    Location:
    California
    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.
     
    Last edited: Apr 7, 2020

Share This Page