40 Comments
User's avatar
Israel's avatar

Lions and Friends... It is fully satisfactory to come here and read how we all did the same before Greg posted his comment. It means that we all learning and already know what to do before they do it. For the first time in many years since I started listening to Greg, I never felt so confident to play a trade like today when I saw this bounce. I did profit big yesterday when i closed 410 position Will pass it and will purchase some books to my kids as a way to donate some of the profits. Will PayPal Greg as well.

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Christina's avatar

I profited big too yesterday, about 15% actually. I bet everyone did. Thanks Greg!!

No chance I could have done it myself. I didn’t have the experience to come up with the strategy nor the wisdom to time it right.

Thanks for the education Greg! I’ll do that Israel, I see Greg’s PayPal and Stripe links on all the newsletters. Great idea man!

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SS's avatar

I just bought more SPY puts at a discount on this bounce.

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damian dalo's avatar

I hear you, I'm with you on this!

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Christopher Wallace's avatar

What the hell is $32 billion going to do? It’s like pissing on a Forrest fire to put it out. Where’s my popcorn?

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Carter's avatar

It will be summer. No one is expecting it. That is why no one will be short. This will be the last big crash under this system. Very few technicians understand solunar and spiral calendar.. which points to crash window June-August

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Dan T's avatar

I think just a little bit later like fall maybe more. Trillions are parked in money markets and will be drawn in and the people robbed of their money once again

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Dan T's avatar

Your fighting the trend and the moving averages. Now is not the time to go short. If anything those trillions are going to come out of money markets and chase it higher to a possible all time high and then the people lose it all in the following mother of all crashes beginning later this year. Calls now puts later.

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Gregory Mannarino's avatar

That's funny... cause my last puts paid off. How would you explain that?

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cowpoke's avatar

LMAO what's funny is that you're going to get CRUSHED by your SPY puts...

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Dan T's avatar

I think you're yet early by several months. They have yet to draw all that money from the money markets and drain the rest of the blood from the people. You're damn good and that is why I have been following you for several years but you ain't God.

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Dan T's avatar

There are market cycles and waves you traded on one and well. When you first posted your trades I commented you would take a early profit. You did and it was a good trade. If you felt confident you would have let the profits run as your puts were far yet from expiration. Again a good trade and even if you remain bearish in a bull run you can still make money if you time cycles right.

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GregO's avatar

Dan, we're working a correction here. If it happens to be "the big one"...all the better

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Dan T's avatar

I see what your plan is now. This .market is moving up for no good reason at least as we see it but even so there are corrections along the way. Should reality suddenly occur that short term trade becomes much longer as the profits run. Because you have longer expiration on those puts you can take full advantage of the trade. Brilliant. I want to play too.

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Dan T's avatar

I still see the potential for a market melt up even though there are numerous black swans flying overhead that could start a market melt down. As I said a good plan could be buy puts at cycle tops and see where it goes. Should it want to turn back up close the position and take the profit. Even a bear can make money in a melt up.

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User's avatar
Comment removed
May 5, 2023
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Dan T's avatar

I would take regular profits if I were you .let those profits finance future buys. This system is extremely vulnerable to any of many potential black swan events. This is a bull run climb the wall of worry period and could run a few more months. Don't count on it lasting. Hell is coming to call.

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Carter's avatar

Cycles showing down hard after May 12. Next week is uncertain. Traders need to not take summer vacation this year.. you will be busy. Crash is inbound!!

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Dan T's avatar

There have been higher lows since October last year. Moving averages are turning up. A test of the 50 has held so far. RSI is neutral and turning up. There is what looks to be a head and shoulders but the neckline is holding. Stochastic has room to run before a cycle high. MACD has improved. I look to go leveraged short later this year.

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pat reidt's avatar

This is not a free market by any stretch of the imagination. Communism plain and clear wake up stupid Americans. Horse shit abounds in fake QE fake reality liars thieves murderers get the shot stupid Take the pull this is all a lie

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User's avatar
Comment deleted
May 5, 2023
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trump GUILTY FELONY CONVICT's avatar

Wrong. You don't know what you're talking about.

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Wade's avatar

Your right it's a fascist merger of state and corporate power.

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JAIMIN PATEL's avatar

the end of a long term debt cycle of a fiat reserve currency means the jig is up, that averages person on the street has known what a scam the fiat currency is and wants out

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Adela's avatar

Hey Greg, question I would love for you to answer, either here or live today, would be much appreciated. How do you decide when to add? I was looking at charts waiting for a $413 strike price (resistance on daily) but got antsy and started adding way before. How do you make that decision?

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Sidney Cohen's avatar

Can’t thank you enough! Gods Blessings from the Cohens.

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Wade's avatar

Talk about conviction, I'm following this trade!

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pat reidt's avatar

What we need is for all to pull monies out of brokerages and bring an end to this Fake show

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Chris's avatar

My fear, as a complete rookie, is in that the markets are fake, Mannarino lesson #1. Mannarino has tutored thousands of us in the drivers, the $ flows. Now we're being instructed on playing the fake market.

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Dan T's avatar

Get out. Stay out. GO TANGIBLES! I am with the few looking for a market melt up drawing in those trillions parked in money market funds. Once the public is all in Wall Street takes the money and the mother of all crashes comes.

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Chris's avatar

I agree 100%!!! Timing the fake market is way over my head.

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Nicholas's avatar

This is exciting. Black Monday here we come (unlikely but one can hope) ⚫️🐈‍⬛️◼️

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