I sometimes sell my positions with profit before I get GM notification to sell. It's always right to take profits. You gotta remain with some self direction if you want to become a successful trader.
Usually when I see a 5% return. If I however get an alert that GM has closed position and I don't have a 5% gain I close anyway. So far all the trades have been profitable. Thanks so much for your work Gregory M.
Thanks Greg, after this MASSIVE rally this morning I almost couldn't sell quick enough and sold every option I was holding this morning before the pull back, and some for massive profit, some for medium profit and some for small profit!!! Took me 20 minutes to add up all my profits no joke, and all because I listen and follow your advice, but this isn't like a chain restaurant where they take a frozen pre cooked #2 and stick it in the microwave or oven and press a #5 so any IDIOT can serve you a meal. You have to do your homework and study so you learn to be a TOP CHEIF!!! I have helped many people since I have been a part of your LOINS PRIDE and will help many more if I can, but there are some things that you will have to learn on your own if you want to be a successful options trader!!! Much Love!!!
Nice William! Couple questions: 1/ Are taking Greg's positions as soon as he releases them? 2/ How many contracts are you buying? (curious) 3/ What are you gauging your "sell off targets" on? (Are you charting the stock trend? Are you seeing a 5-10% gain, then pulling profits? Selling only on Greg's recommendations?, OR?)
Jimmy, when Greg post a buy alert I immediately price the option and then look at how the price action is performing such has it just pulled back off a high or is it at a high point at the moment. I use my best judgement and skills weather to buy right now or wait depending on market conditions like yesterday when a pull back that Greg warned us about for 2days was coming and you could sure see it coming by the way the market couldn't get any steam ahead. If I wait to buy I continue to track the price through the day and even the next day or so until i fell it is time to buy. I buy multiple contracts when I can depending on the price of the option, so on an expensive option maybe 2 or 3 and on a cheap option 10 to 20 contracts, and sell some when I see a nice profit and hold some longer if I have a price traget that I think the stock will rise to. I an option stalls out I will go ahead and sell before it goes down again. I see gains of 2%, 5%, 10%, 20%, 40% 60%or more and had one yesterday on FB for 116%. Yes I sell when Greg sells but like he says there might be room to gain more I might hold a contract or two and ride it higher, but a day like yesterday knowing a pullback was on the horizon I CLEANED HOUSE!!!
116% Sweet! ps: This makes so much more sense now. I'm setting alerts for the "GM's"emails and looking forward to his daily recommendations. Are you usually in the chat room?
I hear ya. im on chat now and its a lot of "politic talk" Would rather focus on the trades. ps: took a position on AAPL , bought on the dip ;-) already up!
One of the big things I've learned is what he calls 'finessing' the position. I never understood the point of buying more of an option that had gone down, at first. Now I understand if the trend is over all moving up but you get a pull back on an option, don't immediately panic! If it still seems sound, you add to the lowered position, and therefore you will see a return to being ITM sooner. Do your own checking on the stock and the company, but Greg seems to be very astute at picking winners.
Yes and it’s usually best to wait a few days for premium to go down because all these buyers can move the premium I’ve seen it with other groups... look at the options price and make sure your not over paying in premium and use common sense
Excellent point Greg. Question if you don't mind. If for some reason I missed a BUY for a stock when you first announce it, but I am able to buy when you ADD to the same position, is it wise to buy in as you are ADDING? Meaning, is it to late to get in on the trade if you're already into an ADD and I (or others) missed the first opportunity? I can't be at the desk to trade all the time and curious. Thanks.
Yes you can, but your profit will be less ....Or even no profit, because when the market moves to much down, Greg sells , even if the added trades are losses( I hope you understand my English :-) )
Before I go in whit "adding", I check the ichimoku cloud 4h ; if the price is to far above the "tenkan -sen"(the 9 moving average ) , I will not enter immediately, but I wait until it pulls back, and go up again ...
You see? Now you speak japanese to Gino! :) :) :). On behalf of him, thank you for the tip! I always appreciate such people! There aren't too many though! :(
It's a tricky question that I also have; however, I'm using my due diligence to research myself. Even if Greg says buy this, you should do that. If you're comfortable, do it! Else - don't! I do that and sometimes I went against Greg - and I lost! Greg is good! Buy when he says buy (but if stock is already up to where you're uncomfortable, don't!).
I do it a little different. I use Greg's buy recommandation and transform the trade in an calendar. This way I have the option which I sold working for me each day thru time decay and this way I lower substantially my risk.
Exp.... Yesterday I bought the FB $140 March '21' call but sold also the FB $140 August '20' call against. Now if FB goes up or down 10 % til end August doesn't matter me because I will make Money all day and each passing day lowers my risk. I can even stay longer in the trade if FB don't move a lot and end August sell the $140 September call against the $140 March call.
It's my way to trade GM recommendations and so I sleep better 😊
There are so many "rookies", indeed! And social media is full of it. They should off commence appreciating your efforts to sharing! Oh well - we can't make happy everyone, can we?
I sometimes sell my positions with profit before I get GM notification to sell. It's always right to take profits. You gotta remain with some self direction if you want to become a successful trader.
What's your criteria to sell off? 5-10+% gains? "Topping" trend chart reversals? Seeing $100+ profit and taking it? OR?
Usually when I see a 5% return. If I however get an alert that GM has closed position and I don't have a 5% gain I close anyway. So far all the trades have been profitable. Thanks so much for your work Gregory M.
Follow the "GM"
For sure. I see from your profile pic your holding a guitar. We should start a Lions band -
Thanks Greg, after this MASSIVE rally this morning I almost couldn't sell quick enough and sold every option I was holding this morning before the pull back, and some for massive profit, some for medium profit and some for small profit!!! Took me 20 minutes to add up all my profits no joke, and all because I listen and follow your advice, but this isn't like a chain restaurant where they take a frozen pre cooked #2 and stick it in the microwave or oven and press a #5 so any IDIOT can serve you a meal. You have to do your homework and study so you learn to be a TOP CHEIF!!! I have helped many people since I have been a part of your LOINS PRIDE and will help many more if I can, but there are some things that you will have to learn on your own if you want to be a successful options trader!!! Much Love!!!
Nice William! Couple questions: 1/ Are taking Greg's positions as soon as he releases them? 2/ How many contracts are you buying? (curious) 3/ What are you gauging your "sell off targets" on? (Are you charting the stock trend? Are you seeing a 5-10% gain, then pulling profits? Selling only on Greg's recommendations?, OR?)
Jimmy, when Greg post a buy alert I immediately price the option and then look at how the price action is performing such has it just pulled back off a high or is it at a high point at the moment. I use my best judgement and skills weather to buy right now or wait depending on market conditions like yesterday when a pull back that Greg warned us about for 2days was coming and you could sure see it coming by the way the market couldn't get any steam ahead. If I wait to buy I continue to track the price through the day and even the next day or so until i fell it is time to buy. I buy multiple contracts when I can depending on the price of the option, so on an expensive option maybe 2 or 3 and on a cheap option 10 to 20 contracts, and sell some when I see a nice profit and hold some longer if I have a price traget that I think the stock will rise to. I an option stalls out I will go ahead and sell before it goes down again. I see gains of 2%, 5%, 10%, 20%, 40% 60%or more and had one yesterday on FB for 116%. Yes I sell when Greg sells but like he says there might be room to gain more I might hold a contract or two and ride it higher, but a day like yesterday knowing a pullback was on the horizon I CLEANED HOUSE!!!
116% Sweet! ps: This makes so much more sense now. I'm setting alerts for the "GM's"emails and looking forward to his daily recommendations. Are you usually in the chat room?
No too much distraction so I'm only here.
I hear ya. im on chat now and its a lot of "politic talk" Would rather focus on the trades. ps: took a position on AAPL , bought on the dip ;-) already up!
One of the big things I've learned is what he calls 'finessing' the position. I never understood the point of buying more of an option that had gone down, at first. Now I understand if the trend is over all moving up but you get a pull back on an option, don't immediately panic! If it still seems sound, you add to the lowered position, and therefore you will see a return to being ITM sooner. Do your own checking on the stock and the company, but Greg seems to be very astute at picking winners.
Yes and it’s usually best to wait a few days for premium to go down because all these buyers can move the premium I’ve seen it with other groups... look at the options price and make sure your not over paying in premium and use common sense
I've noticed that too. When the "GM" makes a recommendation, its already on the move, lol.
Excellent point Greg. Question if you don't mind. If for some reason I missed a BUY for a stock when you first announce it, but I am able to buy when you ADD to the same position, is it wise to buy in as you are ADDING? Meaning, is it to late to get in on the trade if you're already into an ADD and I (or others) missed the first opportunity? I can't be at the desk to trade all the time and curious. Thanks.
Yes you can, but your profit will be less ....Or even no profit, because when the market moves to much down, Greg sells , even if the added trades are losses( I hope you understand my English :-) )
Agreed; however, even lesser profit would be better. If Greg sent no SELLLLL note, you can still buy (attend to cautiousness!!!)
Before I go in whit "adding", I check the ichimoku cloud 4h ; if the price is to far above the "tenkan -sen"(the 9 moving average ) , I will not enter immediately, but I wait until it pulls back, and go up again ...
You see? Now you speak japanese to Gino! :) :) :). On behalf of him, thank you for the tip! I always appreciate such people! There aren't too many though! :(
It's a tricky question that I also have; however, I'm using my due diligence to research myself. Even if Greg says buy this, you should do that. If you're comfortable, do it! Else - don't! I do that and sometimes I went against Greg - and I lost! Greg is good! Buy when he says buy (but if stock is already up to where you're uncomfortable, don't!).
I wondered that too. I took MRK about a day after recommendation, then received a SELL notice, lol
I haven't started options trading buying or selling yet but look forward to following your guidance when i do!
I do it a little different. I use Greg's buy recommandation and transform the trade in an calendar. This way I have the option which I sold working for me each day thru time decay and this way I lower substantially my risk.
Exp.... Yesterday I bought the FB $140 March '21' call but sold also the FB $140 August '20' call against. Now if FB goes up or down 10 % til end August doesn't matter me because I will make Money all day and each passing day lowers my risk. I can even stay longer in the trade if FB don't move a lot and end August sell the $140 September call against the $140 March call.
It's my way to trade GM recommendations and so I sleep better 😊
Good stuff Greg - looks like our herd of LIONS has grown significantly over the past few days.
I was hoping for a last hour rally, but it will not be anymore today . :-( See you all tomorrow guys
Very well said Greg!!! I know we want a bunch of LOINS here, but this isn't kinder garden either!!!
I understand VERY WELL!!! Thanks Greg.
Got it! Thanks for the clarification.
There are so many "rookies", indeed! And social media is full of it. They should off commence appreciating your efforts to sharing! Oh well - we can't make happy everyone, can we?
Bless you!!!
Greg thankyou😁
absolutely true, and in life there are rarely absolutes. i tried picking bottoms before and capturing market turns. did not end well.
Could not agree more