The stock market has "sector rotation" where money flows from one sector to another every few days or weeks. It looks like crypto does the same thing except it's coin rotation. It seemed like all coins ran parallel with Bitcoin...NOW it seems like a number of coins are breaking away and making runs on their own whenever they choose. I'm glad for that too because now I don't have to wait for Bitcoin to trend before I actually get to trade my coins which normally trended with Bitcoin. Now I've got coins that trend when they please and that gives me trading opportunites.
I just happened to catch on CoinMarketCap.com one of my coins which I DON'T have on my exchange account, but are all on my cold wallet, trending hard. It rose over 75% in the last 7 days. Needless to say I bought more and it is still going higher.
No PDT rule. I'm happy. Hahahahahahaahahahahahahaaaaa! Eeeeeeeeeheheheheeeeeee!
No thanks. I noticed Floki Inu trending yesterday, but decided to leave it alone for two reasons.
#1. I refuse to give Uniswap or Pancake Swap access to my cold wallet.
#2. I'm done with the Ethereum blockchain. Too expensive to move coins around. I have ERC-20 coins, but they STAY in my ETH wallet and I'll only move them to sell. If it costs me $87 to move $40 worth of coins then I'm not playing that game. Hahahahahahahahaaaa! 😂
I have moved MILLIONS of coins on the TRON and Stellar blockchains for next to nothing. Cardano is pretty reasonable too so I move ADA around quite a bit. I'll stick with those blockchains. Also HBAR is the 3rd generation blockchain and has super low transaction fees.
I got caught on the other side of trades selling calls on some of the picks, ouch.. I will be paper trading for a while to figure out there other strategies. Thanks
Greg been a member and a Utube subscriber since the beginning and you never respond back.Do you sell weekly cash secured puts on TSLA and if so could you post those trades?Looking for income not assignment could you post how many contracts your selling for Put credit spreads and cash secured puts?Thanks I know you posted a comment I sent you regarding this.Much respect !!!
As someone newer to options, I read “A Random Walk...” and followed Greg’s videos, newsletter and chats for a while but can say after a few trades and a (still profitable) mistake or two, it works. The key is to jump in and just do it, follow all of Greg’s advice and learn by doing. My very first trade I misunderstood and later found out I sold an ITM put (20%). I sold NVDA on Monday but bought to close on Friday to get out once I realized my mistake. Still made over $800. The risk I assume is that I could have been called to buy 100 shares at a higher price but I had the cash to back it if needed. Great stuff. The missing link for me was how to use my brokerage’s web interface to execute what I learned to do in the theory which is why one must learn by doing.
Hi Gregory. Thanks for this. I would love to sell options but don't I have to own the underlying stock to do it? I have your book but I am still confused on this. Thanks.
I agree, I use E*Trade, had a brokerage account for a while, applied for Options Trading, they asked a few questions, I was granted level 1 but soon after upgraded to level 2 (cash secured). The brokerage will upgrade you if/when they are comfortable with your level of responsibility to trade successfully.
The stock market has "sector rotation" where money flows from one sector to another every few days or weeks. It looks like crypto does the same thing except it's coin rotation. It seemed like all coins ran parallel with Bitcoin...NOW it seems like a number of coins are breaking away and making runs on their own whenever they choose. I'm glad for that too because now I don't have to wait for Bitcoin to trend before I actually get to trade my coins which normally trended with Bitcoin. Now I've got coins that trend when they please and that gives me trading opportunites.
I just happened to catch on CoinMarketCap.com one of my coins which I DON'T have on my exchange account, but are all on my cold wallet, trending hard. It rose over 75% in the last 7 days. Needless to say I bought more and it is still going higher.
No PDT rule. I'm happy. Hahahahahahaahahahahahahaaaaa! Eeeeeeeeeheheheheeeeeee!
[My] Uranium stock is still the place to be. Today again + 13 %.
I agree lot of smart money buying calls in Uranium never see option flow in those tickers.
Okaaaaaay....Looks like uranium is moving. Hahahahahahahaaaa! 😂 😂
URA Daily Chart:
https://docs.google.com/document/d/12nLhujHtY0rJPLgUam-tzN9EPssirzs3-Sl_QuN9ubE/edit?usp=sharing
Great Job Zio! Kick butt! 👍
All in all we're just brilliant thieves
https://www.youtube.com/watch?v=R5U1D-_yZZM
Snappy song. I liked it and actually watched the whole video.
Floki up ?
https://twitter.com/elonmusk/status/1437179881260032016
Which one?
Floki Inu FLOKI
Shiba Floki FLOKI
Floki Shiba FSHIB
Super Floki SLOKI
BabySpaceFloki BSF
I have no clou. Ask the Elon, he and his dog knows best i suppose.
No thanks. I noticed Floki Inu trending yesterday, but decided to leave it alone for two reasons.
#1. I refuse to give Uniswap or Pancake Swap access to my cold wallet.
#2. I'm done with the Ethereum blockchain. Too expensive to move coins around. I have ERC-20 coins, but they STAY in my ETH wallet and I'll only move them to sell. If it costs me $87 to move $40 worth of coins then I'm not playing that game. Hahahahahahahahaaaa! 😂
I have moved MILLIONS of coins on the TRON and Stellar blockchains for next to nothing. Cardano is pretty reasonable too so I move ADA around quite a bit. I'll stick with those blockchains. Also HBAR is the 3rd generation blockchain and has super low transaction fees.
transaction fees matter
I opened up my 3rd time positions with VISA now. Sep 24, 210 Put, 14 shs.
*Sell or short
I got caught on the other side of trades selling calls on some of the picks, ouch.. I will be paper trading for a while to figure out there other strategies. Thanks
Greg been a member and a Utube subscriber since the beginning and you never respond back.Do you sell weekly cash secured puts on TSLA and if so could you post those trades?Looking for income not assignment could you post how many contracts your selling for Put credit spreads and cash secured puts?Thanks I know you posted a comment I sent you regarding this.Much respect !!!
As someone newer to options, I read “A Random Walk...” and followed Greg’s videos, newsletter and chats for a while but can say after a few trades and a (still profitable) mistake or two, it works. The key is to jump in and just do it, follow all of Greg’s advice and learn by doing. My very first trade I misunderstood and later found out I sold an ITM put (20%). I sold NVDA on Monday but bought to close on Friday to get out once I realized my mistake. Still made over $800. The risk I assume is that I could have been called to buy 100 shares at a higher price but I had the cash to back it if needed. Great stuff. The missing link for me was how to use my brokerage’s web interface to execute what I learned to do in the theory which is why one must learn by doing.
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Hi Gregory. Thanks for this. I would love to sell options but don't I have to own the underlying stock to do it? I have your book but I am still confused on this. Thanks.
No. You can sell naked depending on your rating. Call your broker and ask if you can sell naked.
Thank you Gregory, appreciate that. I will call them to find out! ;)
I think you might need a lot of buying powers to have naked selling puts.
I agree, I use E*Trade, had a brokerage account for a while, applied for Options Trading, they asked a few questions, I was granted level 1 but soon after upgraded to level 2 (cash secured). The brokerage will upgrade you if/when they are comfortable with your level of responsibility to trade successfully.