Look, If you actually believe that this small of a group can "move the market" with a call or put, you have no idea what you're doing. We created no rally, it has been down or flat ever since his call. If he sold, he sold with a LOSS. Look, if he sold, fine, no problem. Profit or loss, whatever. BUT, it creates a serious trust issue for me, and I know many others from here on out. He either sticks to his method or he doesn't. The fact that HE is not addressing the endless comments for the past many posts from his "lions" is the concerning factor. It is what it is. I'll pull when I can.
If he has 10s of thousands of people all jumping in his specific trade he will be first in and first out in reaping the benefits. Im not hating just explaining.
I don't disagree with that. Bottom line is that for the past 5-6 market updates, MANY people have been posting right here on HIS newsletter about the SLV issue, just looking for CLARITY. He has not done that and with that, it makes me question ANY future recommendations, etc. If he wants to do this, free, etc out of the "kindness of his heart", fine. However, when you create TRUST with another and then call into question that trust, then there is a problem. That's all I'm saying.
you guys should have averaged down. I sold with a profit within 48 hours. my original buy was 10/12 3.50- I averaged down at 3.10 on 10/13 and sold on 10/14 at 3.31.
Look up the volume of that specific SLV contract. right now its 346. Before we all jumped in it was less than 20. We do not get to move the stock price but we move the option market due to supply and demand.
A simple solution to the problem would be all trade alerts be sent via Telegram. Alerts via email or a web based newsletter does not cut it. I am hoping Greg is reading this
so if someone you don't know doesn't tell you something you harass them? REALLY? again, get a grip.
I don't think the man is embarrassed about anything or sweeping anything under the rug. the options are worth 3.35 right now? what is there to be embarrassed about?
Most investors are eyeing silver. This idea that the man is somehow embarrassed about buying slv with calls dated out to June. ARE YOU ACTUALLY SERIOUS?
Honestly, now I know why I do not have any social media accounts. There is something really wrong with how people view themselves. You are not entitled to anything!
I think you need to look up the definition of harassing. You need to get a grip. People have the right to ask questions. Just like the GM has the right to ask for donations...
I think you need to re-read what I said. I said if someone did this to you in the real world would you harass them? would you go bang on your neighbors door asking them why they didnt tell you when they sold an options contract? would you blow up their phone?
Figure it out. if you do not know what to do with your SLV then you should not be trading options. Honestly, this is so basic.
Quit with the emotional speak. Nobody is banging on his door, with pitchforks. He has a website and people are asking him questions about a trade. If you don't like the heat get out of the kitchen.
See... I think Greg indeed closed his SLV trade without sending out an update. Is that really honest? I mean, I have been a long time supporter of him, but he kind of disappointed me with this one.
Even though i am a subscriber to this newsletter, I have stopped trading with his recommendations, because every time when he exits a position with gains, I somehow am still in the negative. Probably because ny the time the newsletter is out, the trade has gone up, and I somehow always get in at the wrong price.
I am sure a lot of traders trust him and his words. It is true that everyone is responsible for his own trades, but to tell people that he "has got out back" and quietly closes a position without telling his subscribers is not really that trust-wothy after all...
Good post Basilgirl. I am using a paper account and my timing is always off and shows losses when GM shows gains. Maybe I should but my outs when he recommends calls lol
I am not sure. But if I were him, knowing and seeing so many people question what he did with the SLV position, i would have come out to clarify the situation. But so far, he has been quiet about it.
Terry, If you are buying CALLS like Greg you are paying the CALL seller that is behind the cash register collecting the premiums when you buy a CALL, so when you sell for a profit that same CALL seller has to open up the cash register and pay you your profits, and who ever that CALL seller is , they are loosing their A$$!!! DUDE, we are all on the same team!!! I'm about tired of hearing about this B.S. and it just shows how much you complainers really know about OPTIONS TRADING!!!
I have been trading options for 30 years and a past member of the CBOE and currently a member of the CBOT.I have done complex option trading strangles, spreads and straddles.I hardly think you know more. You really dont understand what I'm saying. He buys before you then tells you what to buy. More buyers than sellers means the price goes up. When the price goes up he gets out. Simple really
Terry, I have seen the price of the option that Greg suggest go down right after the email alert as manty times as I have seen the price goes up. There are millions of people in volume every 5 minutes that trade these large cap stocks, so I dont see how 500 contracts can move the price of the option, and when Greg and his LIONS sell an option for PROFIT the CALL seller has to open the cash register and give you money back plus additional PROFIT, so why would Greg help you make a profit if Greg was going to have to give all the money back plus additional PROFITS? LIONS are all CALL BUYERS and we don't take a DIME from each other, and If you are not pulling profits from these trades then you are giving your money to CALL SELLERS!!! You are not giving your money to other LIONS and CALL BUYERS, we are on different sides of the business transaction. Participation in an options CALL or PUT is very important, and I try to trade options with a very high volume and open interest so the buy / sell spread is closer, and when you get ready to sell the transaction sells fast, so try trading an option with 3 people in volume and open interest and see how far apart your buy / sell spread is, and how long you have to wait to sell your call, so the more that play the same game your playing the better the conditions and the higher the profits you can make because of the high participation!!! LIONS, WE ARE ALL ON THE SAME TEAM!!!
I was doing real well for a while up 40 %. Following his every move. Lately he doent let you know when he buys at the dips he claims gains when he sells and I have a bunch options that are negative. Lately he is very inconsistent with his lions.
Well I dont know if anybody can see my comments. I have never gotten a message from Greg. Why can he tell us the exact time he enters into a position, then look at the time he sends out his email. I presume he buys before you do.
Terry, you should get an email alert, and then analize the trade and see what the charts look like and if its rising or falling, then start pricing the option and wait for the stock to drop back some and pick a good entry point, or if the stock is rising then jump on it as fast as you can. There is no possible way for you to buy the same option for the exact same price as Greg, me or anyone else, so you have to choose your entry points by being a good shopper, and sometimes if you wait a few minutes and let to price pull back some you will buy at a better price than everyone that bought quick. That is why Greg doesn't post price because it doesn't really matter, and if you price the option at the time the email goes out then you will see exactly what the price is and if its going up or down. I hope that helps.
Ok, for all that is questioning why Greg didn't post that he sold SLV, go look at the charts mid day on last Monday 10-12-2020, and SLV was down after open and jumped up to $23.50 mid day and Greg probably sold for a small profit. I didn't enter the trade but I did price the option and the time Greg bought 30Jun21 23.50 CALLS for around 3.65, and Greg didn't post every position as he clearly said he was day trading every position and to "JUMP IN & RIP IT OUT". so there were more calls on that day that Greg entered and sold, and some re entered again and sold. If you are still holding this SLV CALL just add to the position when its down and I guarantee in a few days or week SLV will rise .75 back to $23.50 to bring you a decent profit!!!
it depends on the price of the contract. usually just 1 for the higher price stocks like fb, spy-maybe 2 for appl and then I average down 1 or 2 contracts at a time.
over and over and over again and then making accusations that he is using you to create an opportunity for himself and blah blah blah blah. Just leave then! seriously. if that is how you feel then leave! good grief.
Greg, I think you should have a disclaimer on every message you post stating that people should have experience trading options to fully benefit from your recommendations. There are a lot of people on here that come one here to complain that they cannot get out of options contracts on MSFT? APPL? dated as far out as June without taking a loss.
I am really tired of hearing people complain about your free newsletter.
if you don't like what someone has to offer then walk away. Or you can just follow them around and keep punching them? Could you imagine if we all did that in the real world? Just started stalking people and hitting and kicking them bc we did not like what they had to say? get a grip people. if you do not like his style then move on.
Not the best analogy. People are upset about a trade that was swept under the rug. GM is probably a little embarrassed and rather than taking accountability he is choosing to pretend it never happened. Ya the volume on that contract was much greater than most. Somebody has to sell them for others to buy. Pay attention. It's up to investors to do their own due diligence; but the lack of accountability has some of his followers at ease. Owning it would be the right thing to do. I didn't make that trade but it's shady behavior. Have you walked away from someone in your life or are you a stay at home trader? You can't hear people complain if you're reading by the way. Enjoy your barnacle lice-like approach to your investment strategies.
Especially on the market xD. I opened SLV position under different call and woke up Monday with profits. So yes DD is important pure believe and pray is the worst strategic plan.
Thanks so much William for your reply on the previous post. I see you comment a lot on here and seem very knowledgeable. I am a bit green with trading and options specifically. I am a conservative or hesitant by nature and tend to overthink things. I have been using a paper account with TD Ameritrade and either I am not buying in at the proper time or not selling appropriately, I am losing overall. So that is my dilemma about being able to trade with real funds and being able to get in/out at the best times.
Steve, conservative is the best way to be and keep trading these options that Greg suggest on paper and everytime they drop down buy more, and you will see how fast you will show a profit when it goes back up. That's the best way to learn and Greg is the best teacher ever, but some people think you just buy an option and automatically make a bunch of money??? That is not the way it works, you have to understand how options work and be SMART!!!
Agree totally. I want to be more confident when playing with real money. I was buying 5 contracts at a time when I should’ve bought 1 contract and averaged down maybe? I am thinking of how to time things better as I have been consistently late buying vs when alerts come out
Once again, no mention of his SLV position, if he sold it, when he sold it. Like many others, this calls into question some things. Sorry, but true.
he made a profit of the rally we created (when we all bought it) then quietly sold.
Look, If you actually believe that this small of a group can "move the market" with a call or put, you have no idea what you're doing. We created no rally, it has been down or flat ever since his call. If he sold, he sold with a LOSS. Look, if he sold, fine, no problem. Profit or loss, whatever. BUT, it creates a serious trust issue for me, and I know many others from here on out. He either sticks to his method or he doesn't. The fact that HE is not addressing the endless comments for the past many posts from his "lions" is the concerning factor. It is what it is. I'll pull when I can.
If he has 10s of thousands of people all jumping in his specific trade he will be first in and first out in reaping the benefits. Im not hating just explaining.
I don't disagree with that. Bottom line is that for the past 5-6 market updates, MANY people have been posting right here on HIS newsletter about the SLV issue, just looking for CLARITY. He has not done that and with that, it makes me question ANY future recommendations, etc. If he wants to do this, free, etc out of the "kindness of his heart", fine. However, when you create TRUST with another and then call into question that trust, then there is a problem. That's all I'm saying.
you guys should have averaged down. I sold with a profit within 48 hours. my original buy was 10/12 3.50- I averaged down at 3.10 on 10/13 and sold on 10/14 at 3.31.
How many contracts do you buy and sell at a time Liz?
Look up the volume of that specific SLV contract. right now its 346. Before we all jumped in it was less than 20. We do not get to move the stock price but we move the option market due to supply and demand.
We are too small of a group to move a stock price. That's not the case with the options.
A simple solution to the problem would be all trade alerts be sent via Telegram. Alerts via email or a web based newsletter does not cut it. I am hoping Greg is reading this
so if someone you don't know doesn't tell you something you harass them? REALLY? again, get a grip.
I don't think the man is embarrassed about anything or sweeping anything under the rug. the options are worth 3.35 right now? what is there to be embarrassed about?
Most investors are eyeing silver. This idea that the man is somehow embarrassed about buying slv with calls dated out to June. ARE YOU ACTUALLY SERIOUS?
Honestly, now I know why I do not have any social media accounts. There is something really wrong with how people view themselves. You are not entitled to anything!
I think you need to look up the definition of harassing. You need to get a grip. People have the right to ask questions. Just like the GM has the right to ask for donations...
I think you need to re-read what I said. I said if someone did this to you in the real world would you harass them? would you go bang on your neighbors door asking them why they didnt tell you when they sold an options contract? would you blow up their phone?
Figure it out. if you do not know what to do with your SLV then you should not be trading options. Honestly, this is so basic.
who do you guys think you are? his brother?
Quit with the emotional speak. Nobody is banging on his door, with pitchforks. He has a website and people are asking him questions about a trade. If you don't like the heat get out of the kitchen.
EXACTLY! get out of the kitchen. take what the man is offering and if you don't like it then leave. It could not be more simple.
Nobody is saying we don't like it, we are just asking questions about the SLV trade. Reading comprehension would help you.
take 5 lady. have some lunch
Liz, you tell them!!! and Ma'am you are CORRECT!!!
See... I think Greg indeed closed his SLV trade without sending out an update. Is that really honest? I mean, I have been a long time supporter of him, but he kind of disappointed me with this one.
Even though i am a subscriber to this newsletter, I have stopped trading with his recommendations, because every time when he exits a position with gains, I somehow am still in the negative. Probably because ny the time the newsletter is out, the trade has gone up, and I somehow always get in at the wrong price.
I am sure a lot of traders trust him and his words. It is true that everyone is responsible for his own trades, but to tell people that he "has got out back" and quietly closes a position without telling his subscribers is not really that trust-wothy after all...
Good post Basilgirl. I am using a paper account and my timing is always off and shows losses when GM shows gains. Maybe I should but my outs when he recommends calls lol
Puts
Do you think it might be honest mistakes that he forgot to notify his lions of two trades that he closed, SLV and TGT?
I looked back through emails and my spreadsheet and see room for confusion, so I'm giving him the benefit of the doubt.
I am not sure. But if I were him, knowing and seeing so many people question what he did with the SLV position, i would have come out to clarify the situation. But so far, he has been quiet about it.
LOL the infamous SLV mystery. Wtf?
SLV-gate
Well lions who do you think he is selling to when he takes profits?
Terry, If you are buying CALLS like Greg you are paying the CALL seller that is behind the cash register collecting the premiums when you buy a CALL, so when you sell for a profit that same CALL seller has to open up the cash register and pay you your profits, and who ever that CALL seller is , they are loosing their A$$!!! DUDE, we are all on the same team!!! I'm about tired of hearing about this B.S. and it just shows how much you complainers really know about OPTIONS TRADING!!!
I have been trading options for 30 years and a past member of the CBOE and currently a member of the CBOT.I have done complex option trading strangles, spreads and straddles.I hardly think you know more. You really dont understand what I'm saying. He buys before you then tells you what to buy. More buyers than sellers means the price goes up. When the price goes up he gets out. Simple really
Terry, I have seen the price of the option that Greg suggest go down right after the email alert as manty times as I have seen the price goes up. There are millions of people in volume every 5 minutes that trade these large cap stocks, so I dont see how 500 contracts can move the price of the option, and when Greg and his LIONS sell an option for PROFIT the CALL seller has to open the cash register and give you money back plus additional PROFIT, so why would Greg help you make a profit if Greg was going to have to give all the money back plus additional PROFITS? LIONS are all CALL BUYERS and we don't take a DIME from each other, and If you are not pulling profits from these trades then you are giving your money to CALL SELLERS!!! You are not giving your money to other LIONS and CALL BUYERS, we are on different sides of the business transaction. Participation in an options CALL or PUT is very important, and I try to trade options with a very high volume and open interest so the buy / sell spread is closer, and when you get ready to sell the transaction sells fast, so try trading an option with 3 people in volume and open interest and see how far apart your buy / sell spread is, and how long you have to wait to sell your call, so the more that play the same game your playing the better the conditions and the higher the profits you can make because of the high participation!!! LIONS, WE ARE ALL ON THE SAME TEAM!!!
I was doing real well for a while up 40 %. Following his every move. Lately he doent let you know when he buys at the dips he claims gains when he sells and I have a bunch options that are negative. Lately he is very inconsistent with his lions.
Well I dont know if anybody can see my comments. I have never gotten a message from Greg. Why can he tell us the exact time he enters into a position, then look at the time he sends out his email. I presume he buys before you do.
Terry, you should get an email alert, and then analize the trade and see what the charts look like and if its rising or falling, then start pricing the option and wait for the stock to drop back some and pick a good entry point, or if the stock is rising then jump on it as fast as you can. There is no possible way for you to buy the same option for the exact same price as Greg, me or anyone else, so you have to choose your entry points by being a good shopper, and sometimes if you wait a few minutes and let to price pull back some you will buy at a better price than everyone that bought quick. That is why Greg doesn't post price because it doesn't really matter, and if you price the option at the time the email goes out then you will see exactly what the price is and if its going up or down. I hope that helps.
Ok, for all that is questioning why Greg didn't post that he sold SLV, go look at the charts mid day on last Monday 10-12-2020, and SLV was down after open and jumped up to $23.50 mid day and Greg probably sold for a small profit. I didn't enter the trade but I did price the option and the time Greg bought 30Jun21 23.50 CALLS for around 3.65, and Greg didn't post every position as he clearly said he was day trading every position and to "JUMP IN & RIP IT OUT". so there were more calls on that day that Greg entered and sold, and some re entered again and sold. If you are still holding this SLV CALL just add to the position when its down and I guarantee in a few days or week SLV will rise .75 back to $23.50 to bring you a decent profit!!!
it depends on the price of the contract. usually just 1 for the higher price stocks like fb, spy-maybe 2 for appl and then I average down 1 or 2 contracts at a time.
I just find it annoying and obnoxious. entitlement- just really really bothers me.
don't know the man.
over and over and over again and then making accusations that he is using you to create an opportunity for himself and blah blah blah blah. Just leave then! seriously. if that is how you feel then leave! good grief.
does he pay you to be his little guard dog or do you just do it for free?? Lol
What's for lunch
black bean soup
Good enough!
I paper traded every one of those positions to small imaginary profits on Friday.
Greg, I think you should have a disclaimer on every message you post stating that people should have experience trading options to fully benefit from your recommendations. There are a lot of people on here that come one here to complain that they cannot get out of options contracts on MSFT? APPL? dated as far out as June without taking a loss.
I am really tired of hearing people complain about your free newsletter.
Ya stand by your man Liz!
if you don't like what someone has to offer then walk away. Or you can just follow them around and keep punching them? Could you imagine if we all did that in the real world? Just started stalking people and hitting and kicking them bc we did not like what they had to say? get a grip people. if you do not like his style then move on.
Not the best analogy. People are upset about a trade that was swept under the rug. GM is probably a little embarrassed and rather than taking accountability he is choosing to pretend it never happened. Ya the volume on that contract was much greater than most. Somebody has to sell them for others to buy. Pay attention. It's up to investors to do their own due diligence; but the lack of accountability has some of his followers at ease. Owning it would be the right thing to do. I didn't make that trade but it's shady behavior. Have you walked away from someone in your life or are you a stay at home trader? You can't hear people complain if you're reading by the way. Enjoy your barnacle lice-like approach to your investment strategies.
Feeling uneasy*
Especially on the market xD. I opened SLV position under different call and woke up Monday with profits. So yes DD is important pure believe and pray is the worst strategic plan.
Texas-size 10-4 on that one big fella! Options don't have feelings. They don't care about your financial well-being lol!
Hey, G-Mann. Have you seen this article?
https://finance.yahoo.com/news/powell-fed-open-to-private-sector-collaboration-in-possible-digital-dollar-134913548.html
sold 3\5 positions. SBUX and WMT is up but calls down ....wth ?
My plan is to close remaining positions _at flat_. Only WMT remaining at 10.12
Do you expect the market to fall today or just want out? I probably should have sold SBUX when it hit 8.40 for 1% profit.
i just want out of WMT (drug my profit from 1000 to 650$)
You closed SBUX earlier?
Filled
Oct 19, 2020, 8:50 AM CDT
Filled Quantity
5 Contracts at $8.20
Yes Sir, looking good!!!
Thanks so much William for your reply on the previous post. I see you comment a lot on here and seem very knowledgeable. I am a bit green with trading and options specifically. I am a conservative or hesitant by nature and tend to overthink things. I have been using a paper account with TD Ameritrade and either I am not buying in at the proper time or not selling appropriately, I am losing overall. So that is my dilemma about being able to trade with real funds and being able to get in/out at the best times.
Steve, conservative is the best way to be and keep trading these options that Greg suggest on paper and everytime they drop down buy more, and you will see how fast you will show a profit when it goes back up. That's the best way to learn and Greg is the best teacher ever, but some people think you just buy an option and automatically make a bunch of money??? That is not the way it works, you have to understand how options work and be SMART!!!
Agree totally. I want to be more confident when playing with real money. I was buying 5 contracts at a time when I should’ve bought 1 contract and averaged down maybe? I am thinking of how to time things better as I have been consistently late buying vs when alerts come out