The Adventures of MDawg (in progress)

[MDawg]

TSLA ROARS. Pushing 1700 in the AH.

You want to be right, or you want to be rich? Of course some of us are able to be...both.

I toleja!

[MaxPen]

TSLA ROARS. Pushing 1700 in the AH.

You want to be right, or you want to be rich? Of course some of us are able to be...both.

I toleja!

Do you have an exit point? Or a stop loss point in mind?

[jbjb]

[LMR]

I toleja!

Toleja ---> Lejota

From Wikipedia, the free encyclopedia.

Lejota is a genus of syrphid flies in the family Syrphidae. There are about nine described species in Lejota.

Hoverflies, also called flower flies or syrphid flies, make up the insect family Syrphidae. As their common name suggests, they are often seen hovering or nectaring at flowers; the adults of many species feed mainly on nectar and pollen, while the larvae (maggots) eat a wide range of foods. In some species, the larvae are saprotrophs, eating decaying plant and animal matter in the soil or in ponds and streams. In other species, the larvae are insectivores and prey on aphids, thrips, and other plant-sucking insects.

[MDawg]

Do you have an exit point? Or a stop loss point in mind?

My long term shares are at this point a nine + bagger and if I sell any it'll create a tax situation. Nothing wrong with paying tax, but paying tax just to try to buy back lower (and maybe it'll go back up and force me to buy back higher!) isn't what I want to think about or deal with at this point. So I will keep holding my long term TSLA shares.

As far as TSLA extra trading shares, I buy and sell those all the time, as you may have noticed. In fact I sold some at 1685 today, not the high in the AH, but a good price considering that TSLA was all over the place 1690 back down to 1610s then back up to about 1720 I think I noticed was the high. I bought back the same trading shares I sold at 1685, at 1645 an hour or two later.

See what happens. Trading wise it's a little dangerous at these levels, but long term I expect 2000 in the cards, and that softens the danger factor in my opinion - even if get stuck in a trade I expect TSLA will achieve a new record high eventually.

Many, including myself, expected TSLA to close above 1700 in the AH and that did not happen. Still, let's see if the re-buy at 1645 of trading shares turns out to be a gift or a short term burden.

[MDawg]

AMZN is next. With that one too I hold both long term shares, and trade it occasionally.

[MDawg]

TSLA all over the place. I sold the trading shares from last night at 1675, made 30 pts, then it went up another ten or twenty from there and slowly collapsed. I did another trade from 1575 to 1580 but it first went much lower. I had the sell order initially at 1585, which I should have maintained, but it dropped so low I decided to lower it.



I think it'll stabilize and go up during the rest of the week after the selling traders clear out.

[MDawg]

I mean look...I had 500 shares at 1675, and I let it go for a mere $2500. profit. At this moment TSLA is back to 1610.

TSLA all over the place though.

[MDawg]

Besides the sale of the trading shares I bought last night at 1645, sold for 1675, these were the trades I did today:



Think about it...I didn't even ENTER a trade until TSLA was down something like 130 points from its high, and exactly 100 points from where I had sold shares, and STILL it kept dropping.

On each trade if I had held a little longer, I would have made a fair amount more. However, if I had held a LOT longer lol the bottom would have dropped out and I would have been stuck, having to average in more shares or...just plain be stuck. It's mind boggling to think that the first trade, if held a few more minutes would have made 15 grand more, but if held, say, thirty minutes more, would have been looking at a severe LOSS, in the range of ten grand loss, versus what happened, a $2500. profit.

And if I had bought in at that first trade's level, at 1575, and then just WALKED AWAY until market's close, that trade would have ended up a thirty some grand loser instead of a $2500. winner.

Also note the second trade. In at 1551, I entered the sell at 1554 initially, but gave up and let it go for just a half point when the drop dropped all the way to the 1520s before recovering. I felt lucky that it came back at all to 1551.5 to let me out of the trade. Book close to a million worth of a stock to make two hundred and fifty bucks? Yes, that's the life of a scalp trader.

Still, in all I booked $4750. today going LONG on a day when TSLA dropped nearly two hundred points from its high. If you're nimble, many times you will cheat yourself out of a bigger profit, but you will also save yourself the possibility of a big loss or really, in most all cases, any loss. If you may win going long on a day like today, it's hard to imagine losing ever.

Still, let's say that TSLA goes to 1800 next week. Then all this hard work to book about five grand will look silly compared to a $125,000. win. But who holds through a severe loss just to get to a win? Not traders.

Now with my LONG TERM TSLA shares, I had to endure some initial loss, and even looking at it returning to the 180s after nearly doubling, but once I was at a triple, I never looked back.

My advice then to long term investors: keep a casual eye on the prices, but just hang in there and if anything, ADD to your shares when the price drops.

For traders: do what I do. It has worked well for years. Let's keep in mind too, that trading is sometimes what we do for the thrill of it. In my case I book a profit close to 100% of the time, so it's both fun and profitable, but there are many traders out there who lose, and still keep at it. THAT, I cannot fathom. What's the fun in losing? I'd no more stock trade if I lost at it, than I'd return to a casino if I lost at gambling.

[MDawg]

This is an interesting case

Las Vegas Strip resort spending spree draws fraud charges | Las Vegas Review-Journal

Man checks into Wynn Vegas and presents a credit card for a pre-authorization, which is routine. All hotels block out a sum on a guest's credit card upon check in, whether to cover room charges, or incidentals. Apparently these days due to coronavirus precautions the desk clerks do not even look at cards they just allow guests to insert them themselves into a chip reader, which begs the question of that perhaps the man was not even using his own credit card for all of this.

At some point the man was upgraded to a $1950. per night Villa, which actually sounds low for a Wynn Villa, but may be a reduced rate these days due to limited demand. At that point the front desk tried to run his credit card for an increased pre-authorization to reflect the additional daily room rate, and the card was declined. The man then presented a corporate credit card for the pre-authorization.

Later, he bought a $13K Rolex in the hotel and had it charged to his room. Apparently this extra $13K was not pre-authorized but the Wynn store simply allowed him to walk out with the watch. Later, Wynn contacted the guy and told him that he had exceeded his pre-authorization, and the man then presented a letter, apparently forged, from his credit card bank showing he was authorized to charge an additional $55,000.

Wynn looked up the guy's hotel stay record and realized that he had had a similar problem in the past, with exceeding his authorization on his credit card, but had managed to make good on the bill after returning home.

This time, upon checkout, he was presented with the $58K bill, asked to pay in cash, and when he could not - was arrested. Apparently he had a prior criminal record for this sort of thing. The corporate card had been opened towards the end of June 2020, just prior to his stay, and cancelled by mid July 2020, before he checked out, due to suspected application fraud. (Sounds like a platinum corporate AMEX - these are often granted initially based on just good credit, and later suspended upon "financial review" pending proof of income. I have both a personal platinum and a corporate platinum AMEX and at least once during the life of the accounts I've been hit with an AMEX financial review.)

The way I look at it, the hotel was stupid to allow him to charge the Rolex to the room without getting a pre-authorization on the card attached to the room. And the hotel should not have let him get so far ahead of himself as $58K without pre-authorizations for all of the charges. A real merchant would never accept a "letter" to validate charges, it would want an actual electronic authorization. (It is not clear if $58K was his entire bill, or just the portion where he exceeded pre-authorizations where the hotel was ultimately unable to charge the card.) Apparently, the credit card was cancelled by the bank before the man checked out of the hotel.

Where the man went wrong was in presenting the forged letter. Also, perhaps, in getting too greedy with charging a Rolex to his room. (People DO love those Rollers!) If he had not presented the forged letter, still he might have been guilty though of violating "innkeeper defrauding" statutes - i.e. skipping out on an unpaid hotel bill, but he probably would have at least made it out of town before they realized what had happened and not previously drawn their attention.

Reminds me of this case
Sharron Laverne Parrish Jr. Charged With Apple Credit Card Scam - Business Insider
where a guy was presenting a maxed out, already closed, set of debit cards to the Apple Store to buy goods. In each instance the cards were of course declined, whereupon the guy would offer to "call his bank" himself, and then present a correct number of digits "authorization code" to the Apple Store clerk to enter in their system, which would apparently override the system and allow the charge to go through. The guy must have figured out that any set of random digits, as long as the correct number of digits, would work to trick the system into processing the transaction. This guy got away with $309K in purchases before the authorities caught up with him.
Ended up getting four years eight months in da fed for that one.
Man Sentenced in “Force Posting” Scheme that Defrauded Apple

[MDawg]

Yowza!

581K

Can you say, nadir?

[accountinquestion]

From what I understand stock market numbers are largely up because all the naive investors have poured their money into a handful of companies like Tesla and Amazon. Goodluck with that.

I should setup a brokerage account to be ready...

[MDawg]

I was trading TSLA back and forth until I picked it up in the 180s and held it continuously since then. I have held AMZN continuously since 2014. By so doing, I joined the ranks of naive investors like Warren Buffet, who poured about a billion into AMZN stock about a year ago.

TSLA is down over a hundred today and yet I booked six grand so far on trading extra shares of it today, LONG. How'd he do dat?



If your idea is to market time into the market, that doesn't work. "You can't get rich with a weather vane." As far as long term investing, the time to invest...is whenever you have the money.

As far as trading, different story. Very few are able to win consistently the way I do. Took years of practice, but when I started trading it was at a time when the market was going up constantly so it was really easy. Nowadays it is not always that easy, but I manage.

[MDawg]

One of those days when I clipped 6 but left 30+ on the table....

[Tasha]

To the person/People who criticized Mdawg for going from his Vegas Adventures to talking about STOCKS, keep in mind that the title is Mdawg ADVENTURES. He is obviously done with his Vegas Adventures and so moved on to his Stock ADVENTURES instead. No where was it written he onky has to write about his Vegas Adventures. Stock ADVENTURES are ADVENTURES too.

[LMR]

He's a Nathan in training. Needs work on the goofy cool wording, and, even his longer posts aren't long enough. Well, I can see the reason that Tasha would fart around with 2254 word posts, but, not, supposedly, a young male lawyer, etc, with, supposedly, all the luxuries of life. I mean, why would even any successful lawyer bother with so much garbage? Makes zero sense.

[MDawg]

Welcome! to the Adventures of MDawg, LMR.

[Tasha]

Mdawg, congratulations on your Reinstatement on WOV and getting your WOV Adventures Thread back today after a four month Suspension! Please be VERY careful, however....:/

[blackhole]

It's 4:00 in New York and after listening to the exchanges with Bezos, Zuckerberg, Google, and that other top company CEO in the congressional hearings today, they sound like a group of assorted Mafia families. I really think when this hearing is exposed stocks of these companies are gonna go down.

Then again, they say to buy on bad news.

[The Boz]

I think we are free of MDawg for now.

Definitely one of the richest guys that posts on these forums but obviously also has a screw loose. He seems to need attention to feed his Ego. Why he looks for it on these sites is beyond me.

All of us understand most of what he writes is pure Bullshit. No one wins on every trade or has figured out a way to beat Baccarat.

But he is friends with Dark Oz now, so it might not have as hard of a time over there now. The only person left to question him is Broke Billy. The rest will marvel at his “abilities”.