Its a borrowers paradise. Unlimited printing and low interest rates as far as GM's eye can see. Can anyone lend me 1 trillion dollars till next thursday?
also, if anybody is uk based and is using gregs positions on interactivebrokers, id love to ask some questions. Please let me know. thanks in advance lions.
If you’re late to get in or the trade is a rocket I recommend to fix a bit lower buying price for some days and wait until it hits. If it doesn’t, then too bad. You pass. I got in on some of the trades like this. Same for getting out. As soon as you’re in, do a selling order for +x% (I take 5) and exit for it to hit.
Sometimes the prices make very short strong moves and you catch them like this. My worst trades were thinking I knew also ...
Getting burned on gild. Didn't even get Disney because I felt like I was going to get burned on that too that's up 10% in one day of course. Pretty much broke even on Walmart I double down twice on that one. It's kind of hard to finesse when we don't know how much we should be position sizing versus our portfolio. Greg may be doubling or tripling down when he's buying and we may be adding one contract. That's why we still lose money sometimes. Course there's been times where I made more then he made but we're getting in after he does so our pricing is going to be worse and we're getting out after he does so our pricing is going to be worse so if he is close to breaking even we're losing money most of the time. It is what it is it's still better than nothing and I definitely appreciate it. But one thing I do know is all my biggest losses I've ever had come when I think I know what's going to happen and I get way too heavy on position sizing. I'm probably in 10% of my portfolio on g i l d. Not my total portfolio just my trading account. But it's all options if I double that that's getting pretty sizable if that stock took a 10% Gap Town I bet it would lose half its value in one day that's kind of risky I would say. It would be nice to see a relative percentage size to buy in like 10% of your account for this position then when he adds to it he's adding 50% or adding 100% or adding 200% it would just give us a better idea of how much to add when it dips.
I agree with you that it would be great if Greg gave us a bit more info on his relative position like if he's doubling or tripling down as it does greatly effect the outcome of profitability especially if it's a 1% or 2% profit. That's a huge component of where the trader's skill comes in. In a nutshell it's options 101, how to manage risk when trades inevitably go against you.
Risk is relative to the individual so you won't find, especially not in a free newsletter, info like "put 10% of your portfolio in x". Although lots of traders will give portfolio percentage advice, typically I notice the advice is not to put more than 1-2% of PF in one position, play lots of positions, go for small profits every time, and snowball this into consistent income.
Betting 10% account value on one position is probably too much when using options. This is probably why you are not sleeping well at night. As you risk loosing more money, you want to buy the longer dated options. I now bet 1-2% of account value per position.
Betting 10% account value is ok if you buy stocks as you can hold onto the position for many years.
Lions what is the outlook on CISCO. Any thoughts are appreciated
Greg thank you.
I have been trading with you since june 2020 and I am up 41%. You are truly amazing.
Anybody that wants to learn how to Option trade with Gregory Mannarino watch the video below.
https://www.youtube.com/watch?v=uVtmFrqDrDk
Welcome to the pride!! Don't forget to pay it forward!
Thank you Greg for all you do!!
Its a borrowers paradise. Unlimited printing and low interest rates as far as GM's eye can see. Can anyone lend me 1 trillion dollars till next thursday?
also, if anybody is uk based and is using gregs positions on interactivebrokers, id love to ask some questions. Please let me know. thanks in advance lions.
Greg (or community) - Do you risk manage your trades? iron condor, vertical spreads etc or just simply buy a call/put and wait until it plays?
If you’re late to get in or the trade is a rocket I recommend to fix a bit lower buying price for some days and wait until it hits. If it doesn’t, then too bad. You pass. I got in on some of the trades like this. Same for getting out. As soon as you’re in, do a selling order for +x% (I take 5) and exit for it to hit.
Sometimes the prices make very short strong moves and you catch them like this. My worst trades were thinking I knew also ...
Getting burned on gild. Didn't even get Disney because I felt like I was going to get burned on that too that's up 10% in one day of course. Pretty much broke even on Walmart I double down twice on that one. It's kind of hard to finesse when we don't know how much we should be position sizing versus our portfolio. Greg may be doubling or tripling down when he's buying and we may be adding one contract. That's why we still lose money sometimes. Course there's been times where I made more then he made but we're getting in after he does so our pricing is going to be worse and we're getting out after he does so our pricing is going to be worse so if he is close to breaking even we're losing money most of the time. It is what it is it's still better than nothing and I definitely appreciate it. But one thing I do know is all my biggest losses I've ever had come when I think I know what's going to happen and I get way too heavy on position sizing. I'm probably in 10% of my portfolio on g i l d. Not my total portfolio just my trading account. But it's all options if I double that that's getting pretty sizable if that stock took a 10% Gap Town I bet it would lose half its value in one day that's kind of risky I would say. It would be nice to see a relative percentage size to buy in like 10% of your account for this position then when he adds to it he's adding 50% or adding 100% or adding 200% it would just give us a better idea of how much to add when it dips.
I agree with you that it would be great if Greg gave us a bit more info on his relative position like if he's doubling or tripling down as it does greatly effect the outcome of profitability especially if it's a 1% or 2% profit. That's a huge component of where the trader's skill comes in. In a nutshell it's options 101, how to manage risk when trades inevitably go against you.
Risk is relative to the individual so you won't find, especially not in a free newsletter, info like "put 10% of your portfolio in x". Although lots of traders will give portfolio percentage advice, typically I notice the advice is not to put more than 1-2% of PF in one position, play lots of positions, go for small profits every time, and snowball this into consistent income.
Betting 10% account value on one position is probably too much when using options. This is probably why you are not sleeping well at night. As you risk loosing more money, you want to buy the longer dated options. I now bet 1-2% of account value per position.
Betting 10% account value is ok if you buy stocks as you can hold onto the position for many years.
1 to 2% of account value isn't realistic at all for noobs without 10s of $1000s to play with.
Neither is 10% for that matter
I added to my CSCO calls this morning while it was down slightly, and added to my GILD calls too.
Getting out the red yet on CSCO at all? I'm so sick of that trade.
Getting close after I averaged down twice and It shouldn't be too much longer.
Er nah, I averaged down to like, 4.29, so I'm out like $50 atm. I don't know how to calculate percentages on leveraged trades I guess lol.
I'm still down about 4.5% but it's slowly making its way