LIONS! I Pulled Profits And Opened a NEW Position.

From Greg M

Lions and friends…

I closed my entire SPY Aug. $4.10 puts position and pulled profits.

I just opened a new INITIAL position.

SPY 4.04 Puts expiring on August 18th.

This is an INITIAL position…

BE SURE TO READ THIS BELOW.

Capital Reserves.

When you open a swing trade, you ALWAYS start with a small initial position and keep cash in reserve. You open with a small initial position looking for opportunities to build the position IF you still believe that you are on the right side- that is the trade will play out as you intended.

You also always buy options which expire out several months, to allow your trade time to work.

Even with all this, there is no guarantee that the trade will work however, if you play your swing trades similarly over time you will make money managing your position like this.

Trading Disclaimer.

This post is for informational purposes only and does not constitute an offer, recommendation, or solicitation to buy or sell securities. Nor does it constitute in any way or suggest in any way that you as an individual investor, corporate investor or otherwise, should engage in trading or investing in any such asset/stock/exchange traded fund, etc. which may be posted or discussed here. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this publication does not constitute investment advice or counsel or solicitation for investment in any security. This publication does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation or offer to buy or sell any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Gregory Mannarino and any affiliate thereof expressly disclaims any and all responsibility for any direct, indirect, or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this publication, (ii) any error, omission, or inaccuracy in any such information or (iii) any action resulting therefrom.