If you bought JNJ on 7/13 for the first time, you are not up to date guys. Keep up with the Newsletter. On that day, he stated he added to an already open position.
When you newbies buy options, make sure you don’t pay that automatically entered price that Ameritrade or TOS enters for you. It’s always too high. Always enter what the “last” trade went for instead.
Same goes for selling. It’ll put the lowest price automatically in there for you When you sell to close the position. Find the “last” trade price and enter that as your limit order sales price. It just might make all the difference when you’re looking at making 5-10% on a stock.
I've been following for about 6 months now, I dont know why I'm just now thinking about it, but what are some of you guys thoughts on opening up puts on positions we just closed?
My thinking is that we closed out our calls because we think we have rid most of the price action up and maybe placing a put for a few days to ride some price a tion down as the RSI starts to cool off, am I way off here?
Did you add to it as I suggested? Check the newsletter.
Yes, and thank you for all you help Gregory, I really appreciate it.
If you bought JNJ on 7/13 for the first time, you are not up to date guys. Keep up with the Newsletter. On that day, he stated he added to an already open position.
When you newbies buy options, make sure you don’t pay that automatically entered price that Ameritrade or TOS enters for you. It’s always too high. Always enter what the “last” trade went for instead.
use the ladder
Same goes for selling. It’ll put the lowest price automatically in there for you When you sell to close the position. Find the “last” trade price and enter that as your limit order sales price. It just might make all the difference when you’re looking at making 5-10% on a stock.
Excellent advice, thanks!!!
ty Greg
how can you buy an option with a high IV rank? such as eBay and PayPal
how can you but an option with a high IV rank? such as eBay and pypal
when Greg add position, do we have to add if we do not feel comfortable financially?
I've been following for about 6 months now, I dont know why I'm just now thinking about it, but what are some of you guys thoughts on opening up puts on positions we just closed?
My thinking is that we closed out our calls because we think we have rid most of the price action up and maybe placing a put for a few days to ride some price a tion down as the RSI starts to cool off, am I way off here?
As we seem to be in an (even if it is fake) bull market, puts will be more difficult to trade for profits IMO
good question
Trade price:$7.60 / Mark $8.45 - how can we calculate the percentage? what is the formula? Thanks
Mark Price / Trade Price * 100%
Trade Price is the original price. Mark Price is the current price.
Your trading software should show you your “gain” in another screen. What software do you use?
tastywork
I'm not familiar with that but a google search yielded this tutorial: https://www.youtube.com/watch?v=zPdoys0Dmvc
There's multiple videos that explain the software, so watch all of those and it'll help your understanding significantly.
is these position closed are the one we opened yesterday?
Wow Thanks Greg closed all positions for incredible profits!!! PAYDAY!!!
JNJ is showing -21.58% in TD Ameritrade. What am I missing?
none of mine are in the green either.
What were your buy prices and dates? Post those and maybe we can help find out what happened.
For me, I bought at Greg's original recommendation, but didn't add to the position as it went lower. That probably explains it...
Ok, good. Glad you found the reason.
JNJ? Still in the red for me...
Thanks Greg, can you please update which of your positions remain open?