Don't think people were upset that the trade went against the speculative position, but were probably more disappointed in your lack of transparency in you not telling what your % loss was like you always do when you have with your many winning % gain trades. Thanks
Thank you Greg. People here just copying without doing any homework should at least accept the few losses like they take all these winning trades you share with us all this year. Take it like a man and move on!
If your not willing to take risk, your not deserving of the reward. You will never win everyone. Remember if you learn from a loss, then it can be a gain.
Your awesome Greg. I personally appreciate all you do even though I lost on INTEL. You need to tell these people to "unsubscribe" like you do on you tube. You don't need the aggravation..!!!
I’ll be honest boss. I didn’t see that part about the very risky traid. When it came in, I was on the road. I pulled over quick and just jumped to what the name of the option was and what you set it too. And then jumped right in. I didn’t think anything of it until later when I started seeing others talking about it. Then I went back and looked and then saw it. I personally am going to hold it. I can’t lose much more by doing so. At least. I don’t think so. Maybe it will get to be less of a loss than it is. I can hope right? Either way. Lesson learned here. Look more closely. That’s what I learned from this.
I just looked at the 3yr 1D INTC chart. If that was my opton I'd hang onto it. But it all depends....how much was paid for it/how much are commissions to get in and out etc. My commissions are $1 in/$1 out so that doesn't affect me. I buy cheap options only so losing 20-40 bucks won't make or break me. I'd hang on to that bugger and laugh in the market's face while doing so. Hahahahahahahahaaaa!
That sounds like a great idea. I got nothing to lose by holding onto it for a bit longer. And I’ve been using Robinhood. No fees so far. At least. None that I know of.
Looks like INTC is bouncing back a little bit this morning (10/30/2020). If it keeps going up it gives you opportunites to either get out with a smaller loss or to stay in and see what develops later. Decisions decisions. lol That's the beauty of trading....you control your own fate. Me, I'm brave and hardheaded so I'd stay in. BUT that's ONLY because the funds I use for trading I can afford to lose so I have no emotional atatchment to them. I use to stress over funds I used for trading because I traded money I could very well have used for necessities in my life AND I used to trade expensive options ($300-$1,300 dollars or so) so I was sweating every second of every trade because I was day trading. If price would go against me I would have 55 heart attacks while I had the trade on. Bub, I had enough of that. Now I trade small so I don't get negatively emotional about any trade. And I don't use funds I could really use in my life to make my life more comfortable...only 100% disposable funds. These are rules I learned before I started trading, but being hardheaded I didn't obey. NOW my hard head has been cracked like a walnut, I've blown 2-3 accounts and I'm much wiser now and follow the "capital allocation" rules a little bit more religiously. If you got nothing to lose then act accordingly. You're trading correctly....assess the situation according to what you are doing and what capital you are working with. On the daily chart looks like INTC is trying to climb back up to its 10 M.A.
If I lose I yawn. Yaaaaaaaawn. If I win I jump for joy. Now trading is fun for me again like when I first started trading 4 years ago. THIS is the way I want to feel while trading. No pressure at all. If you get to that state then you will be where you need to be emotionally while trading......calm.
I totally agree with you. I am using money that I wouldn’t of had access to or ever if it wasn’t for this pandemic. So it’s disposable. But instead of blowing it. I want to make it work for me. I don’t have enough to day trade. I still have to follow the rules of not becoming a pattern day trader. But that’s ok. One step at a time. I’m still a cub. And working on growing into a lion. Got to start small and work your way up. If it wasn’t for the boss. I’d be panicking. But I trust the boss. So I stay calm. This intel trade. I’m going to ride it out. See what happens. Right now. Either way I lose big on that one. Everything I gained by following the boss. And that’s ok. I can start over if I need to. Lessons learned. But since there’s still time. Then so be it. Let it ride. Thank you to everyone. Because I have learned so much. And I am greatful. Very greatful.
Yes, thank The FED for that money. I do. Hahahahahaa! Just keep doing it nice and slow, no rush, no panicking...and you'll do just fine as a trader Jesse.
It pretty much said high risk when you initiated - what difference do percentages make - it’s really none if anyone’s business - people are lucky to have a resource like this - just take the few minutes each day to pay attention - you don’t have to do any trades unless you want to - each person has their own level of success
But to be serious here....if folks are sticking to their capital allocation rules like The Greats teach then they shouldn't be allocating more than 1-2% to each trade. If they are...that's their fault. If they aren't, then complaining about a 1-2% loss is sort of....immature. The expiration date is not here yet either so what's the problem? Personally, I'd hold that puppy till the day before the expiration then close out or let it expire worthless if I think it will stay down close to -99%. I'm down over 50% on my three Dec 31 QQQ expirations. Am I freaking out? No. How do I feel about those drawdowns? "Yaaaaawn." That's how I feel about them. If they come back and I get a gain, good. If they don't, I will still be my happy self in the morning with no regrets at all. Hahahahahahahahaaaa! That's the benefit of buying cheap options...I can buy them with no worries about losses. I've got time on them jokers too so I'll let the market do its thing without me trying to coach it along every minute of the day. I am now playing the game without any negative emotions, only positive ones.
Don't think people were upset that the trade went against the speculative position, but were probably more disappointed in your lack of transparency in you not telling what your % loss was like you always do when you have with your many winning % gain trades. Thanks
Thank you Greg. People here just copying without doing any homework should at least accept the few losses like they take all these winning trades you share with us all this year. Take it like a man and move on!
If your not willing to take risk, your not deserving of the reward. You will never win everyone. Remember if you learn from a loss, then it can be a gain.
Your awesome Greg. I personally appreciate all you do even though I lost on INTEL. You need to tell these people to "unsubscribe" like you do on you tube. You don't need the aggravation..!!!
I’ll be honest boss. I didn’t see that part about the very risky traid. When it came in, I was on the road. I pulled over quick and just jumped to what the name of the option was and what you set it too. And then jumped right in. I didn’t think anything of it until later when I started seeing others talking about it. Then I went back and looked and then saw it. I personally am going to hold it. I can’t lose much more by doing so. At least. I don’t think so. Maybe it will get to be less of a loss than it is. I can hope right? Either way. Lesson learned here. Look more closely. That’s what I learned from this.
I just looked at the 3yr 1D INTC chart. If that was my opton I'd hang onto it. But it all depends....how much was paid for it/how much are commissions to get in and out etc. My commissions are $1 in/$1 out so that doesn't affect me. I buy cheap options only so losing 20-40 bucks won't make or break me. I'd hang on to that bugger and laugh in the market's face while doing so. Hahahahahahahahaaaa!
That sounds like a great idea. I got nothing to lose by holding onto it for a bit longer. And I’ve been using Robinhood. No fees so far. At least. None that I know of.
Looks like INTC is bouncing back a little bit this morning (10/30/2020). If it keeps going up it gives you opportunites to either get out with a smaller loss or to stay in and see what develops later. Decisions decisions. lol That's the beauty of trading....you control your own fate. Me, I'm brave and hardheaded so I'd stay in. BUT that's ONLY because the funds I use for trading I can afford to lose so I have no emotional atatchment to them. I use to stress over funds I used for trading because I traded money I could very well have used for necessities in my life AND I used to trade expensive options ($300-$1,300 dollars or so) so I was sweating every second of every trade because I was day trading. If price would go against me I would have 55 heart attacks while I had the trade on. Bub, I had enough of that. Now I trade small so I don't get negatively emotional about any trade. And I don't use funds I could really use in my life to make my life more comfortable...only 100% disposable funds. These are rules I learned before I started trading, but being hardheaded I didn't obey. NOW my hard head has been cracked like a walnut, I've blown 2-3 accounts and I'm much wiser now and follow the "capital allocation" rules a little bit more religiously. If you got nothing to lose then act accordingly. You're trading correctly....assess the situation according to what you are doing and what capital you are working with. On the daily chart looks like INTC is trying to climb back up to its 10 M.A.
If I lose I yawn. Yaaaaaaaawn. If I win I jump for joy. Now trading is fun for me again like when I first started trading 4 years ago. THIS is the way I want to feel while trading. No pressure at all. If you get to that state then you will be where you need to be emotionally while trading......calm.
I totally agree with you. I am using money that I wouldn’t of had access to or ever if it wasn’t for this pandemic. So it’s disposable. But instead of blowing it. I want to make it work for me. I don’t have enough to day trade. I still have to follow the rules of not becoming a pattern day trader. But that’s ok. One step at a time. I’m still a cub. And working on growing into a lion. Got to start small and work your way up. If it wasn’t for the boss. I’d be panicking. But I trust the boss. So I stay calm. This intel trade. I’m going to ride it out. See what happens. Right now. Either way I lose big on that one. Everything I gained by following the boss. And that’s ok. I can start over if I need to. Lessons learned. But since there’s still time. Then so be it. Let it ride. Thank you to everyone. Because I have learned so much. And I am greatful. Very greatful.
Yes, thank The FED for that money. I do. Hahahahahaa! Just keep doing it nice and slow, no rush, no panicking...and you'll do just fine as a trader Jesse.
Thank you very much my friend. I will do so. It’s not over until the fat lady sings. And even then it might not be over. Lol!!!
Wow! No commissions to get in or out? What can you trade on Robinhood? Options/stocks/futures?
Webull as well options stocks no commission and unlimited premarket aftermarket trades stocks
I just checked out the site online. Thanks for the info.
Yea. All of it. No commission. Ever.
It pretty much said high risk when you initiated - what difference do percentages make - it’s really none if anyone’s business - people are lucky to have a resource like this - just take the few minutes each day to pay attention - you don’t have to do any trades unless you want to - each person has their own level of success
You must remember Greg....."No good deed goes unpunished!"
But to be serious here....if folks are sticking to their capital allocation rules like The Greats teach then they shouldn't be allocating more than 1-2% to each trade. If they are...that's their fault. If they aren't, then complaining about a 1-2% loss is sort of....immature. The expiration date is not here yet either so what's the problem? Personally, I'd hold that puppy till the day before the expiration then close out or let it expire worthless if I think it will stay down close to -99%. I'm down over 50% on my three Dec 31 QQQ expirations. Am I freaking out? No. How do I feel about those drawdowns? "Yaaaaawn." That's how I feel about them. If they come back and I get a gain, good. If they don't, I will still be my happy self in the morning with no regrets at all. Hahahahahahahahaaaa! That's the benefit of buying cheap options...I can buy them with no worries about losses. I've got time on them jokers too so I'll let the market do its thing without me trying to coach it along every minute of the day. I am now playing the game without any negative emotions, only positive ones.