Lions, if you have any trading experience at all, then you certainly know what a PUT is!!! Looks like a down start to the markets in the morning, and this is something you should have prepared for on Friday if you know a downturn is coming??? Why would you only make money trading only one side of the market??? Greg might kick me out of here for being HONEST, but you can make money when the markets go down just like you can make money when it goes up!!! why wait for weeks for a long call to go up and just sit and wait, where if you were smart you could make just as much money if the market goes down!!! Smart LIONS eat good every day!!!
You wont if you have enough time left on you option for the CALL to pay off & I will, but my point is if you know that there is a possibility that stocks will pull back some and go down, then why wouldn't you position with a PUT as well and make money on the downturn too!!! Stocks don't move in a straight line up so be smart and you can make money when the market goes up, and you can make money when the market goes down too. Plus, IMO we are going to see a MAJOR correction at some point in the future and could be this month, or next month, or in the fall, but you can only LIVE A LIE for so long before reality will bring the markets back reality!!! Position accordingly so when it happens you are covered on the down side as well, and any losses you have on the up side will be easily made up for on the downside if you are prepared, and you can't loose.
Lions, if you have any trading experience at all, then you certainly know what a PUT is!!! Looks like a down start to the markets in the morning, and this is something you should have prepared for on Friday if you know a downturn is coming??? Why would you only make money trading only one side of the market??? Greg might kick me out of here for being HONEST, but you can make money when the markets go down just like you can make money when it goes up!!! why wait for weeks for a long call to go up and just sit and wait, where if you were smart you could make just as much money if the market goes down!!! Smart LIONS eat good every day!!!
i agree. i just hope i don't lose all my money on my calls before I can execute this smart tactic.
You wont if you have enough time left on you option for the CALL to pay off & I will, but my point is if you know that there is a possibility that stocks will pull back some and go down, then why wouldn't you position with a PUT as well and make money on the downturn too!!! Stocks don't move in a straight line up so be smart and you can make money when the market goes up, and you can make money when the market goes down too. Plus, IMO we are going to see a MAJOR correction at some point in the future and could be this month, or next month, or in the fall, but you can only LIVE A LIE for so long before reality will bring the markets back reality!!! Position accordingly so when it happens you are covered on the down side as well, and any losses you have on the up side will be easily made up for on the downside if you are prepared, and you can't loose.
Thanks Greg, It should be a very good week ahead!!!