Hello Graeme Street, I'm not here to give any advice. As you, I am not a newbie but also no expert. Greg told us to watch oil and 10 yrs, both down. And to watch the news. To me it seems they try to create a second CoVid Fantasy-wave. Charts tell me, as you said, a 'massive' pullback is possible here. I'm not shorting this market but actually I'm flat on stocks, waiting/hoping for a pullback to buy. For German DAX30 think 11,500 is possible. Now it's at 13,000. Means 1,500 points down. So for Dow Jones 700 points down would not be surprising /for me/. After that FED rules again supported by some wonderland vaccine-"news". PS: My focus is on Silver, closed my positions yesterday. Now waiting/hoping for about 20 usd to buy again. Just my thoughts.
I did my first trade last week, following Greg advice, after not being in the market for three years (lost a lot of money). First trade was a lost $322 becaused I became afaid (I was down $1000). If I waited till market close, I would have a small profit. Second no one knows when the markets will go up or down. It is a risk. You have to watch trends. Today I did not rush in, and got 2 contracts of DIS at $9.55. Tomorrow I will not be so lucky.
Greg, all three positions I have open on your recommendations; DIS, EBAY and XLF including adds when I could make them, including your recommendations today are all down 1.25 to 14% since you made these calls. EBAY in particular, has gotten hammered since you made your call to BUY on JULY 15TH. Down over 14%. DIS as well, for me down almost 11%. I want to believe your expertise, I really do, but it's been hard to watch each of these lose more and more each day AND recommendations to BUY more, which I did today with XLF and down even further since. I'm trying to keep the faith here, but new to putting your trades into action and wondering what I'm missing. I am not a newbie with trading, but also no expert. You never seem to buy puts lately, which I watch all your videos and know what you'll say, BUT I think we can both agree that a massive pullback is possible here, which is fine, but holding these positions, it sure is gonna hurt for awhile. Any help would be appreciated.
I can tell you hang in. Our calls out far enough to protect you from a shock. DIS, EBAY for sure are here to stay. Even if bad news hit, they can weather till jan 2021. It sucks to see a huge loss, but would tell you when Greg makes a call, he often gets in and then it drops as he does not try time exact low price to buy in, as nobody can and it's a futile effort. On the flip side he sometimes exits early. Do your own diligence and chart each stock, use boom system. YOU MUST: Learn indicators MACD, STOCH. Get the Trends Journal, Greg gives an excellent lesson on where stocks are going based on market indicators 10 year yield and dollar index. These can move after Greg gives his call. If you see 10 year falling, MACD STOCH not looking good, stock falling, maybe delay your purchase and buy the call lower.
Now, I tweaked my charts by adding two more indicators, Parabolic SAR and Ichimoku cloud. go to you tube and get a tutorial on them. Happy trading.
his boom system rarely follows his suggestions and makes little sense. and the reasoning would be helpful...for instance I too bought ebay right at a high and then it dropped. why buy a call at that point? i'm also getting skeptical here...and am new at options trading. everything is in red some for months now since may.
Hello Graeme Street, I'm not here to give any advice. As you, I am not a newbie but also no expert. Greg told us to watch oil and 10 yrs, both down. And to watch the news. To me it seems they try to create a second CoVid Fantasy-wave. Charts tell me, as you said, a 'massive' pullback is possible here. I'm not shorting this market but actually I'm flat on stocks, waiting/hoping for a pullback to buy. For German DAX30 think 11,500 is possible. Now it's at 13,000. Means 1,500 points down. So for Dow Jones 700 points down would not be surprising /for me/. After that FED rules again supported by some wonderland vaccine-"news". PS: My focus is on Silver, closed my positions yesterday. Now waiting/hoping for about 20 usd to buy again. Just my thoughts.
I did my first trade last week, following Greg advice, after not being in the market for three years (lost a lot of money). First trade was a lost $322 becaused I became afaid (I was down $1000). If I waited till market close, I would have a small profit. Second no one knows when the markets will go up or down. It is a risk. You have to watch trends. Today I did not rush in, and got 2 contracts of DIS at $9.55. Tomorrow I will not be so lucky.
Greg, all three positions I have open on your recommendations; DIS, EBAY and XLF including adds when I could make them, including your recommendations today are all down 1.25 to 14% since you made these calls. EBAY in particular, has gotten hammered since you made your call to BUY on JULY 15TH. Down over 14%. DIS as well, for me down almost 11%. I want to believe your expertise, I really do, but it's been hard to watch each of these lose more and more each day AND recommendations to BUY more, which I did today with XLF and down even further since. I'm trying to keep the faith here, but new to putting your trades into action and wondering what I'm missing. I am not a newbie with trading, but also no expert. You never seem to buy puts lately, which I watch all your videos and know what you'll say, BUT I think we can both agree that a massive pullback is possible here, which is fine, but holding these positions, it sure is gonna hurt for awhile. Any help would be appreciated.
I can tell you hang in. Our calls out far enough to protect you from a shock. DIS, EBAY for sure are here to stay. Even if bad news hit, they can weather till jan 2021. It sucks to see a huge loss, but would tell you when Greg makes a call, he often gets in and then it drops as he does not try time exact low price to buy in, as nobody can and it's a futile effort. On the flip side he sometimes exits early. Do your own diligence and chart each stock, use boom system. YOU MUST: Learn indicators MACD, STOCH. Get the Trends Journal, Greg gives an excellent lesson on where stocks are going based on market indicators 10 year yield and dollar index. These can move after Greg gives his call. If you see 10 year falling, MACD STOCH not looking good, stock falling, maybe delay your purchase and buy the call lower.
Now, I tweaked my charts by adding two more indicators, Parabolic SAR and Ichimoku cloud. go to you tube and get a tutorial on them. Happy trading.
his boom system rarely follows his suggestions and makes little sense. and the reasoning would be helpful...for instance I too bought ebay right at a high and then it dropped. why buy a call at that point? i'm also getting skeptical here...and am new at options trading. everything is in red some for months now since may.
clarify: bought at the high when Greg suggested it.
What about markets down till FED Jul 29? Dow about 24,500?
Check the small downmove in the chart DowJones-EectionYears:
https://www.seasonalcharts.com/zyklen_wahl_dowjones_election.html
Hi Greg...if you have time what is your approx avg price down to for DIS after this position add
so thats 2 times today with DIS? adding to position i mean?...