I'm going to let SLV go lower then buy more calls at better prices. I'm tempted to buy them now, but the MM's are busy shaking out the weak hands so I'll wait until the process of shaking out the weak trump voters is completed, then I'll buy more SLV calls.
Good. That's why I just bought another SLV Call option. BOT +1 .SLV210716C45
It's up 1.43% already because I caught it a little above the lower trendline on the daily chart. Hopefully that trendline holds, but if not I'll continue to buy the dip.
I'm down too much in my positions to be selling. Besides I don't have any intention of selling even if all my positions go towards zero. I am completely confident I am going to make a KILLING with these positions. Thanks for the advice though, I appreciate you having a mind to look out for me. 😃
I was buying the dip so losing positions are expected int he short term.
Whoo....you have such a winner mindset! Contrary to most of investors we buy the dip...when people fear we are greedy...when people greedy we are fearful...the key to winning is to do things just the opposite of what other do..👍
Am I worried or sweating? Nope, not in the least bit. If it all goes to zero you know what my response will be? It will be...."Yaaaaaawn." I am that much at peace with my trading. Total peace.
/SI just popped back north after hours. lol. They are shaking out the weak hands, but I'm hanging in there regardless of what happens. I'm standing strong.
Yes, trading futures is nice because with one push of a button you can easily be in a position with your stops and PT already set and you can get out also with one click of a button. Easy as pie. Are you trading futures now or options?
Futures are too large for my accounts. I use spreads on futures options.
If your broker offers the Small Exchange futures, use them. They are designed for small accounts. Small futures cost $0.25 for commission and $0.20 for exchange fees. I can't wait for them to implement options.
Why don't you buy PSLV, Sprott is more trustworthy and they actually have and do pull metal off of the COMEX which puts physical pressure on manipulation and your shares are redeemable for physical silver as opposed to SLV which has no other than JPM as their custodian and irredeemable
You need to buy PSLV ETF shares to do that. I generally don't buy shares, but buy options. I bought some ASM shares as a fluke, but they are penny stocks so I didn't mind buying them because they were cheap.
Lions: Miracles do happen! Just when I thought I would have to take yet another loss on SBUX, it just took off today and gave me 9%. Funny thing is, I wasn't paying much attention to the market because it was too depressing. When I finally did check the stock and found that it had launched, I couldn't get to the sell button fast enough. And it just happened at the high of the day! Thank you holy deities, thank you Greg!
I'm still being patient. Holding these damn Calls that don't expire till mid April. I will possible hold till second week of March and if market isn't in my favor then I might take action. This February sucked.
Good morning Greg, I hope your Saturday is going well. What do you think of all this price action and rising rates and increase in the Dollar, and now the stimulus has just been passed by the house. Do you think that was a corralling of the people to get into the dollar so they can then print and dump it into markets? Driving markets higher and making a bear trap?
Gregory, question, based on your video this evening, which entity(s) have the MOST power: The Financial Industrial Complex, the High Tech Industrial Complex or the Healthcare Pharmaceutical Industrial Complex? The second question is: which of the above complexes or others (e.g. Military Industrial Complex) is gaining the most power and control over the last say 15 to 20 years??? I think your answer to this WILL explain why your videos are being banned. Last question: We all agree on your New World Order thinking as that has been discovered literally decades ago...(e.g. Bilderberg Group etc.). The 64 TRILLION DOLLAR question is: when do you think the Fed and by extension the BIS will (intentionally) "lose control" of yield curve suppression such that inflation spikes out of control, yield spreads balloon out and the market significantly crashes?? Of course, once that happens, we move quickly to a DEFLATIONARY environment, which is like kryptonite to the fiat based, Keynesian based central bank system, BUT, BUT, BUT would allow the banksters of last resort to buy up everything at pennies on the dollar as you state and makes perfect sense in a Eugenics based agenda......
SPY 375/376 bottom if it gets there. Market is in an A,B,C correction. Started B up leg this morning after it stopped selling at 378.25. Probably back up to 388/389 before it turns back down to close Gap at 377 but will most likely go a little below it. Let's see how it plays out.
The light at the end of the tunnel is that these options do not expire in 3+ months. However, we need to buy the dip in order to average down... in the worst case scenario, we lose 50%-70%? I would consider it tuition for not following my technical trading... but stimmies are coming and more debt is gonna be added. Highly unlikely for a huge loss but there are only probabilities, no certainities.
That's why I love options with a lot of time on them. You don't need to be so bullseye accurate on entry as long as you know for an absolute fact we are in an uptrend and that trend will continue. I usually buy options with at LEAST 6 months on them. I have at least 4 calls with almost a year till expiration. I couldn't care less about the small up/down undulations as long as I know price will go up eventually. As long as I don't mind my capital being tied up all is well. My capital is tied up so I can't use it, but I have peace of mind every night knowing my ship will come in eventually.
Agreed. Sometimes, the FOMO is strong but as we mature as traders, you can recognize your own emotions and respond accordingly. No need to force anything right now. Sit pretty and let the trades come to you.
I'm going to let SLV go lower then buy more calls at better prices. I'm tempted to buy them now, but the MM's are busy shaking out the weak hands so I'll wait until the process of shaking out the weak trump voters is completed, then I'll buy more SLV calls.
Gold, silver, and miners are hurting bigly today. :(
Good. That's why I just bought another SLV Call option. BOT +1 .SLV210716C45
It's up 1.43% already because I caught it a little above the lower trendline on the daily chart. Hopefully that trendline holds, but if not I'll continue to buy the dip.
https://docs.google.com/document/d/1n4HmAU224Yf5MJeJ8zUjLWRUhxEw85Cun_Bdjhvh2qw/edit?usp=sharing
TLDR summary: sell it for PSLV or actual physical silver
a shortage leading to SLV has begun altering their legal prospectus to account for this risk/probability. pls see below link:
https://www.zerohedge.com/markets/silversqueeze-hits-london-slv-warns-limited-available-silver?fbclid=IwAR3UZ4fFbKPGQcFjrKp9QyODm0ZuKvFBoh-EeR7U70xZJmyvLj65WXrIoyM
I'm down too much in my positions to be selling. Besides I don't have any intention of selling even if all my positions go towards zero. I am completely confident I am going to make a KILLING with these positions. Thanks for the advice though, I appreciate you having a mind to look out for me. 😃
I was buying the dip so losing positions are expected int he short term.
https://docs.google.com/document/d/1rccYe5_N7yFwi_HShS_VM-5ZxlY38IrTeVLnBX_3ru0/edit?usp=sharing
Whoo....you have such a winner mindset! Contrary to most of investors we buy the dip...when people fear we are greedy...when people greedy we are fearful...the key to winning is to do things just the opposite of what other do..👍
Are you talking about buying PSLV ETF shares or buying PSLV options?
Yes.
Shares or options? Which one?
Common cup and handle! Cup and handle plus up trend = looking good. Just got to be able to handle some pain. They call it diamond hands right?
Diamond hands. Yep.
Is this pain enough for you?
https://docs.google.com/document/d/1rccYe5_N7yFwi_HShS_VM-5ZxlY38IrTeVLnBX_3ru0/edit?usp=sharing
Am I worried or sweating? Nope, not in the least bit. If it all goes to zero you know what my response will be? It will be...."Yaaaaaawn." I am that much at peace with my trading. Total peace.
/SI just popped back north after hours. lol. They are shaking out the weak hands, but I'm hanging in there regardless of what happens. I'm standing strong.
I'm waiting to get back into /SI.
I like trading futures if I can.
Yes, trading futures is nice because with one push of a button you can easily be in a position with your stops and PT already set and you can get out also with one click of a button. Easy as pie. Are you trading futures now or options?
Futures are too large for my accounts. I use spreads on futures options.
If your broker offers the Small Exchange futures, use them. They are designed for small accounts. Small futures cost $0.25 for commission and $0.20 for exchange fees. I can't wait for them to implement options.
Why don't you buy PSLV, Sprott is more trustworthy and they actually have and do pull metal off of the COMEX which puts physical pressure on manipulation and your shares are redeemable for physical silver as opposed to SLV which has no other than JPM as their custodian and irredeemable
I own a lot of pslv and miners, but if they all tank in a big correction with DOW I am wondering if we should all have just waited with cash?
You need to buy PSLV ETF shares to do that. I generally don't buy shares, but buy options. I bought some ASM shares as a fluke, but they are penny stocks so I didn't mind buying them because they were cheap.
Europe is selling off at the end of the day. I sometimes play my day like I see in Europe.
There are correlations, yes.
BOT +2 .XLF220121C45
Lions: Miracles do happen! Just when I thought I would have to take yet another loss on SBUX, it just took off today and gave me 9%. Funny thing is, I wasn't paying much attention to the market because it was too depressing. When I finally did check the stock and found that it had launched, I couldn't get to the sell button fast enough. And it just happened at the high of the day! Thank you holy deities, thank you Greg!
Congratulations on your wins Clayton! Great job! 😃
Perfect, thank you Gregory. I decided this morning that I would see what the market looks like on Monday.
I'm still being patient. Holding these damn Calls that don't expire till mid April. I will possible hold till second week of March and if market isn't in my favor then I might take action. This February sucked.
What a marvelous person you are to help others. Love your vision and your work!!!
Good morning Greg, I hope your Saturday is going well. What do you think of all this price action and rising rates and increase in the Dollar, and now the stimulus has just been passed by the house. Do you think that was a corralling of the people to get into the dollar so they can then print and dump it into markets? Driving markets higher and making a bear trap?
Gregory...you start posting on RUMBLE...no censorship! Speak your mind...we want to hear it!
Gregory, question, based on your video this evening, which entity(s) have the MOST power: The Financial Industrial Complex, the High Tech Industrial Complex or the Healthcare Pharmaceutical Industrial Complex? The second question is: which of the above complexes or others (e.g. Military Industrial Complex) is gaining the most power and control over the last say 15 to 20 years??? I think your answer to this WILL explain why your videos are being banned. Last question: We all agree on your New World Order thinking as that has been discovered literally decades ago...(e.g. Bilderberg Group etc.). The 64 TRILLION DOLLAR question is: when do you think the Fed and by extension the BIS will (intentionally) "lose control" of yield curve suppression such that inflation spikes out of control, yield spreads balloon out and the market significantly crashes?? Of course, once that happens, we move quickly to a DEFLATIONARY environment, which is like kryptonite to the fiat based, Keynesian based central bank system, BUT, BUT, BUT would allow the banksters of last resort to buy up everything at pennies on the dollar as you state and makes perfect sense in a Eugenics based agenda......
Interesting clip about YCC ... :
https://youtu.be/PAT7Y9zcoro
SPY 375/376 bottom if it gets there. Market is in an A,B,C correction. Started B up leg this morning after it stopped selling at 378.25. Probably back up to 388/389 before it turns back down to close Gap at 377 but will most likely go a little below it. Let's see how it plays out.
seems like bitcoin may also plunge like 2018, from the weekly chart perspective
did not enter into any call since last week. had 1 JPM put sell and closed today with a minor loss
Are most of the lions still down from the earlier calls placed in early Feb?
Greg’s advice to buy AAPL calls wrecked my portfolio profits...then he never said a thing about how he closed it, very disappointed in him.
The light at the end of the tunnel is that these options do not expire in 3+ months. However, we need to buy the dip in order to average down... in the worst case scenario, we lose 50%-70%? I would consider it tuition for not following my technical trading... but stimmies are coming and more debt is gonna be added. Highly unlikely for a huge loss but there are only probabilities, no certainities.
That's why I love options with a lot of time on them. You don't need to be so bullseye accurate on entry as long as you know for an absolute fact we are in an uptrend and that trend will continue. I usually buy options with at LEAST 6 months on them. I have at least 4 calls with almost a year till expiration. I couldn't care less about the small up/down undulations as long as I know price will go up eventually. As long as I don't mind my capital being tied up all is well. My capital is tied up so I can't use it, but I have peace of mind every night knowing my ship will come in eventually.
Agreed. Sometimes, the FOMO is strong but as we mature as traders, you can recognize your own emotions and respond accordingly. No need to force anything right now. Sit pretty and let the trades come to you.
AAPL made a big move up today.
I have a defined benefit but I still like to listen and learn about stocks from you Greg and the wise people who follow you.