Look at trump's face and in his eyes @0.03 and a tiny bit into 0.04. There is absolutely NO JOY there, no life. trump looks BEATEN DOWN, DEFEATED! That's all I wanted to see, now I'm satisfied.
Thanks for the feed back Chris. I have the puts in place. Main thing that I had to do was walk away and cool down. This was just one of the several events in the past few days to just kick me in the behind so I was stressed big time. I have the book that Greg wrote, haven't had the time to sit and soak it in as I'm constantly being distracted with bull shit stuff. Tonight, I sit and earnestly bury myself in study and learn more trade craft...thanks to Greg M.
Thanks for the heads up. I'm down big time on dis. Crazy thing is I bought puts to minimize my losses. No sooner than I did this, DIS goes up, now I'm stressed so after more bleeding, I dump the puts and immediately the options drop. Unreal!!!! So now I placed the puts, shut the machine down and walked away. I'll deal with the pain tomorrow.
You are correct! I watch Greg M on market wrap up and I thought about how many times he went through this too. Many many times I'm sure and its part of the game or the whole trading thing. I can't tell you how much I and many others are indebted to that man for his time, guidance and consideration.
I made that mistake at the election draw down. Buy the put when it’s highest and KEEP IT. It costs you 10% of the trade but you can’t lose more if you chose it well. I tried to average it down but in the end I got slaughtered on the put when SPY got back up. 10% of the trade not more. That’s if your position got real big. Otherwise you can wait it out.
Based on how NFLX got so many new subscribers, I'm actually thinking DIS may come back in time for earnings...I'm afraid of puts right now in the market lol.
Look at trump's face and in his eyes @0.03 and a tiny bit into 0.04. There is absolutely NO JOY there, no life. trump looks BEATEN DOWN, DEFEATED! That's all I wanted to see, now I'm satisfied.
https://www.youtube.com/watch?v=SQcGJytJtik
Big deal. And now what ?!
should we buy more dip?
Thanks for the feed back Chris. I have the puts in place. Main thing that I had to do was walk away and cool down. This was just one of the several events in the past few days to just kick me in the behind so I was stressed big time. I have the book that Greg wrote, haven't had the time to sit and soak it in as I'm constantly being distracted with bull shit stuff. Tonight, I sit and earnestly bury myself in study and learn more trade craft...thanks to Greg M.
I feel like shorting gamestop lol.
DIS has been in a downtrend since the start of this year, so it's risky to be in a long position with it.
Thanks for the heads up. I'm down big time on dis. Crazy thing is I bought puts to minimize my losses. No sooner than I did this, DIS goes up, now I'm stressed so after more bleeding, I dump the puts and immediately the options drop. Unreal!!!! So now I placed the puts, shut the machine down and walked away. I'll deal with the pain tomorrow.
i'm sorry GregO. it's so tough...been there. lots of learning...
You are correct! I watch Greg M on market wrap up and I thought about how many times he went through this too. Many many times I'm sure and its part of the game or the whole trading thing. I can't tell you how much I and many others are indebted to that man for his time, guidance and consideration.
I made that mistake at the election draw down. Buy the put when it’s highest and KEEP IT. It costs you 10% of the trade but you can’t lose more if you chose it well. I tried to average it down but in the end I got slaughtered on the put when SPY got back up. 10% of the trade not more. That’s if your position got real big. Otherwise you can wait it out.
buying a put is only 10% of a trade when you buy a call? you must have many calls in place for one put to only be 10%?
Hedge Puts are only some days from expiry. That’s why they’re cheaper. And OTM.
« Buy the put at the highest » I mean of the underlying
Based on how NFLX got so many new subscribers, I'm actually thinking DIS may come back in time for earnings...I'm afraid of puts right now in the market lol.
Same here w cat
i am stuck at avg 14.71, any advise appreciated
I also took profits last week on this one, making about the same, thanks Greg
I was lucky, bought the dip @13.0 and made +10% on this one getting out friday 22.
Yep, looking at those Puts!
Please keep us posted 😁