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Thread Author gambleholic63 Post Entries
zebrakiller
zebrakiller

No problem Zebra. I would caution you on the .75% management expense fee on MJ. It's a lot for a % of assets fee within an ETF. At your $600 starting point, the fee difference is negligible. However, as you continue to invest and your assets grow, it's a good idea to keep the fees down. For comparison, the SPY has a yearly management expense fee of 0.09.....less than 1/8th of what MJ charges.

notaprojust4fun
notaprojust4fun

Covers.....where arrogant, know it all's thrive behind computer screens. 

You will learn that soon enough notapro. You just need to ignore them and do your thing.

Good Luck with your play. I think it will give you entertainment value and perhaps a shot at a big payday/hedge if they knock off GST, whom I think are primed to be upset without Cousins.

LizzyThin
LizzyThin

Honestly, if you are betting "live" on Bovada you are scamming yourself. The live wagering spreads on that site (-7, -140 vs. +7, +100) are a joke. As soon as you click the submit button you are taking the absolute worst of it. Why even bother?

mashup
mashup
NBA Betting / F U Celtics / View Post

Covers.....where crybabies are born!

zebrakiller
zebrakiller

No doubt Buck. It's been a nice 4 month start to the year.....basically back to all time highs. The resistance at the 2,900 level on the s&p is concerning though. Earnings are not knocking it out of the park, so I don't see a huge breakout to the upside as very likely. The markets need some solid earnings reports to close out this week if we are going higher. On a side note, you could make a fortune shorting IBM going into earnings.....check out the last 28 quarters! I don't have the exact stats, but I have owned it since 1991 and I would bet that it's been down at least 4% post earnings over 50% of the time. This turnaround for IBM has been nearly a decade in the making......I would love to hear your thoughts on the Red Hat buy out. 

I know you are a trader, so keep an eye on BAC. It has solid support at 26 and will likely drop down to it again. I bought a bunch of it during the financial crisis and have watched it peek above 30 a few times only to sell off again. 

I have been watching OMER drift higher and continue to kick myself for not getting in at ten or eleven bucks. I may have permanently missed the boat on this one. Thanks for trying to get me on board. You did all you could. 

Keep an eye on the QQQ. Any deal with China will kick the index over 200. I picked some up at 170 hoping for a deal by now but it's still run up nicely over 186. 

Keep posting please. Like yourself, I would love to see this board more active.

 

bobmaloogatimesfive
bobmaloogatimesfive

Bob is back!!!! Who you got as the guaranteed 100% LOCK to win the title? I know you would have loved LeBron and the Lakers had they made the playoffs!

zebrakiller
zebrakiller

Yo Zebra. On January 15th I suggested you invest in the SPY at 260. Today it sits at 290. If you had taken that advice, you would have made 11.5% in three months. I don't know how you make that seem like a bad thing. Since that date, I'm up 100k. Good luck whatever you do!

sundance
sundance

Well....I would rather hold gold than Bitcoin....I will give you that much. I'm not very well versed on how the tier 1 designation affects banks, but I seem to recall this tier 1 discussion coming up many times in the past. In the end, gold has not historically performed well as an investment. I'm not sure how much that changes.

gambleholic63
gambleholic63

There has been no hint of a deal pending with China, yet the QQQ has soared from 170 to 182 since my purchase last month. I hope someone reading this benefited.

When the deal with China comes together, the QQQ will hit 200 in the blink of an eye. Forget the penny stocks and join me for the ride up on this one!

bucknuts
bucknuts

JEZZZZ.....What happened with HEAR after hours today???? 

Just checked the ticker and see it's down 13% after the bell. 

Let me know your thoughts Buck. 

bucknuts
bucknuts

Negative on HEAR. I'm not sold on the sustainability of their recent growth and options aren't really my thing.....nice market rally this week though. I did pick up some QQQ at 170 in the hopes of a China deal though. If the deal with China comes through, the QQQ will start rolling. 

Hope you are feeling better Buck!

sundance
sundance

It seems that every time the markets suffer a correction, the bears line up with a variety of "end of times" articles about the impending disaster on Wall Street. Go all the way back to the great depression when the Dow Jones crashed to a paltry 42 points. Doom and gloom was everywhere. Even in the worst crash of the century, investors were made whole in less than 5 years thanks to the power of compounding dividends. In generational terms, from that bottom in 1929, we are talking about basically three generations.....if you are anywhere close to 50, your mother's parents would have been in their 20's. So over that 3 generational period, the Dow has returned somewhere in the neighborhood of 60,000%. 

Put that number in perspective! Each single dollar invested has provided a $600 return. $10 turned into $6000. $100 turned into $60,000. $1000 turned into $600,000. $10,000 turned into $6,000,000. 

Meanwhile, the bears have always preached their doom and gloom and they have all been WRONG for as long as the markets have existed. 

Which side would you rather be on? 

bucknuts
bucknuts

Buck. I admire the confidence as well as the generous offer but I would never accept for you to cover any losses I might incur. I have no doubt that you know what you are talking about and the charts back you up, but I must say a remain hesitant. I went into a few forums after reading your post and the manipulation accusations are all over the place. It's never as easy as it seems whenever I get involved in something like this.

You have no idea how hard it is for the buy and hold crowd to get involved in this swing trade game. 

I_Need_A_Detox
I_Need_A_Detox

Quote Originally Posted by gambleholic63:

This is a classic bubble/mania trap. 97% of Bitcoin owners own 1/10th of a bitcoin or less. Therein lies your answer for how high the price has gone....mom & pop, your neighbor and the pet groomer are all buying Bitcoin. I had a friend that bought in at 10K despite my more conservative recommendations (XLF) and all I can do is eat crow right now. I sincerely hope people make money here, but you need an exit strategy because eventually the music will stop playing. Above is my post from December 9th when Bitcoin approached 20K in my Bitcoin 10K thread. So call me a hater or negative or an interloper. I'm just trying to give my opinion and so far my advice has been spot on. Good luck to you sir. My advice would be to treat these investments like gambling money.

Bitcoin rallied today but I'm wondering where all of the experts predicting $50,000 went?

I_Need_A_Detox
I_Need_A_Detox

UPDATE: QUADRIGACX!!!

So, the un-hackable cold wallets were not frozen shut as the passwords were discovered.....and guess what??? The 150M in bitcoin had been emptied over 9 months ago. The wallets were EMPTY. It seems Mr. Cotton had created 14 aliases on other exchanges where the bitcoin had been moved, but that bitcoin has now disappeared as well. 

So, what we know now for sure, is that foul play was indeed resolved. It is uncertain if Mr. Cotton's body was actually recovered in India (I doubt it was) and if it was not, then you can be sure he will never be heard from again anyway. Investigators have so far recovered 25M in cash that had been liquidated an hidden along with other smaller cash hiding places. 

Meanwhile, investors in bitcoin totaling the 150M that thought their investment had been in safe storage in a cold wallet, are still left out in the cold watching court proceedings wondering if they will ever get back pennies on the dollar. 

Detox....I know you were a strong proponent of this dumpster fire but I hope you got out long ago. 

RayRayK
RayRayK

RayRay…..been there done that. When I was younger, I gambled foolishly and lost disgusting amounts of cash. I never kept track officially, but the number must have been close to a quarter million or more.  

These days I just make gambling another form of entertainment so when I lose it's no more expensive than taking my girl out to dinner or to a concert or a nice weekend trip on the extreme side. I have no idea of your age, net worth, income, family situation or other variables, but I have a rule that works for me. Gambling for entertainment means my standard unit bet comes out to my net worth TIMES .0001. That basically equates to 10,000 bets/units no matter what your net worth is. Sometimes I slip into my degenerate mode and wager 5 units on a big game or a handful of units when I'm chasing losses, but it never adds up to a significant % of my net worth regardless of how bad my streak is. 

The 1% club (the actual winners at sports betting and professional gamblers) can ignore this advice, but I feel that this is a good rule for everyone else. My rule is extremely conservative, but it helps keep me reigned in and guarantees I don't buy my book a beach house.

bucknuts
bucknuts

I was hoping for the pullback so I could get involved.....looks like I will have to wait a while longer.

NinjaNight
NinjaNight

But now Mr. Ninja, seeing that you are 24 years old makes me now understand your mindset. You have yet to learn the hard way that true wealth generation is statistically and prohibitively unlikely to be achieved in gambling. True wealth is obtained by hard work or owning a business, or investing in the stock markets or real estate. You are setting on a path that has left 99% broken and busted.

Unfortunately, you are under the spell of dreaming of 60%-70% and even 90% win-rates. The end of this story is already written and leaves you doomed before you start. In the event that you are not the sub 1% statistical outlier, just remember that you were warned.

 

NinjaNight
NinjaNight

Quote Originally Posted by masterkush:

You have a lot to learn if you think 60% is bad. I have no personal issues with you at all so please don't take it the wrong way. You also have left out your yearly record.... by doing so it has built you a reputation that I don't think you deserve. I'm not bashing you for wanting to be better....  but posting a full season at 70% at the amount games you play is highly unlikely. I personally believe 70% can be achieved but only at a lower number of games. Maybe I'm wrong. Capping isn't easy and some of the best cappers on here would love to hit 60%, myself included. Good luck to you NN and I really hope you achieve your goals. But 60% isn't bad at all.....

I think once a serious gambler starts putting money on the line and starts factoring in juice and bankroll management while making multiple plays per day, a 60% win-rate turns into an illusion or an oasis so to speak for 99.5% of the gambling population. To make an assertion that a 2-12 month window of results is evidence of a long term statistically reliable 60% win rate over the long term is something only the eventual reality of going broke will disprove. It is statistically unlikely if not impossible that laying 5% or 10% price for the opportunity to double an investment, will result in a predictable and reliable profitable result over the long run. The best cappers in the world struggle to make it to 60%. As far as 70%? I would put that in the same category as an investment broker promising 30% yearly returns or more. The past is littered with those that made those false promises while hiding behind the walls of a ponzi scheme turned into a prison sentence. 

Those that believe in the false promises of great riches awaiting them in the world of gambling, would be better off investing in the casinos and sportsbooks themselves to get on the right side of the numbers. Some people just need to learn for themselves.

 

NinjaNight
NinjaNight

You use the words attack and slander very loosely Mr. Ninja. I suggest you step away from the computer and attempt to comprehend the possibility that you have unintentionally mislead people here. 

I'm still not clear if you have given the "all clear" for genuine USD currency going down on the Brooklyn game tonight. I'm guessing no, but I'm honestly not 100% certain.

I hope you do well, but if you really want to achieve true wealth, come on over to the investments section and learn about achieving guaranteed financial independence via the markets. Gamble for entertainment and invest for financial independence. Gambling will only destroy your wealth. I promise you that.

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