Hey Anthony, Id love some help. What exactly are the trading recommendations from Greg? Buying long call positions? I get the newsletter, but have no idea how to take the positions that are recommended.
He goes long calls to give the position time to play out. If he hits his targets early he'll usually pull profits if not close the position. He lets us know when he's taking a new position, adding to, or closing. The Newsletter's for swing trades or core positions. He's also in & out of SNP sometimes multiple times a day; he posts the intra-day trades in the chatroom. I'm no pro only been a Lion a yr hope I was of some use to you!
I used to be active in the chatroom until my work firewalled me out back in Feb. At least back then the chatroom's focus was on SNP, GLD & SLV. Greg will often respond to SNP or other day trade questions in the chatroom. I once loved the chatroom, but there's a lot of noise in there too!
YES.... I've asked and no one helped. It seems thst I am on my own. I have yet to try options, even after G.M. Class. I can't find the main room for trades that is mentioned.
Gregory, your awesome. Your words of advice had helped me a lot. God Bless.
I am tradding with Charles Schwab. Yes, I am approved to trade Options. I'm just afraid to do so because Schwab talked as though I will lose a lot of money by tradding options.
Thanks for all you do Greg! I never miss a video and have learned so much! Not a trader, but have followed your advice in other areas. It is a nice feeling to live without all the fear they're pumping!! Have tried to spread the word, unfortunately more often than not it falls on deaf ears.
I think I am just not fit to be a Trader? My brain doesn't work like that? I have this image of having to sit in front of a computer all day long and just trade..the charts are like Greek to me... BUT, I follow Greg because he is a GENIUS with the markets....!
Ok, you say nobody will help you on here, but you have a fake name and I reached out to you like you asked and no response??? Good luck because I will try to help anyone that doesn't understand options trading the best I can. We all help each other on Greg's Pride newsletter, But maybe Charles Swab was right that you would just lose a bunch of money. My time is valuable too!!! Good Luck!!!
Howdy, Lions! I've watched Greg every day since just before the bottom in March. I've been trying to figure out how to get back in the market. Can someone direct me to what a "call" is instead of directly holding a stock? Much appreciated.
a call option is a contract to buy 100 shares of a given stock at the expiration of the option. You can sell for profit anytime before expiration, or exercise your option and buy the stock at a lower price and hold it or sell the 100 shares and profit. Most of the time you sell your option for a nice profit at anytime it is making money at a rate of 5% to 30% to 100% profit or more of your original purchase price and move on to the next option unless you want to hold those 100 shares in your portfolio. Just the opposite for buying a put option. Study options trading and I promise you it is not for the weak of heart...lol.
Howdy, Lions! I've watched Greg every day since just before he cashed out in March. I've been trying to figure out how to get back in the market. Can someone direct me to what a "call" is instead of direct holding of a stock? Much appreciated.
Can any of Gregory Mannarino's Lions help me with his stock picks on Schwab? The site has a lot more "options" ( no pun intended) that must be selected beyond the info Gregory Mannarino gives out.
Thank you for your reply. Here are the selections. When Gregory Says He's buying for example VZ. Jan 15, 2021 $50 There a lot of boxes with Selections. Here they are.
Usually, you can only buy when the market is open particularly in the case of options. However, some brokers do allow you to purchase some shares of stock before and after the market has closed.
Thanks for this info bro. I just noticed greg saying he opened a new position on MRK for $80 calls, does that mean he bought 1 share for $80? And it looks like he brought a previous share before with MRK so that makes 2 shares?
No, not quite. Greg normally uses options to trade not purchasing shares directly. An option is basically the right to buy or sell a set amount of shares at a given price called the strike price. Usually, an option is set with a contract terms for 100 shares.
When Greg said he opened a new position on MRK for $80 calls, it means he bought a call option with a strike price of $80.
He did have some shares before the market went down earlier this year. Greg held some normal shares of stocks in what he called his core holdings before. He did this at the same time he was trading options.
Alright, right now I'm using the Robinhood App and I see these options of *Market Order*, *Limit Order*, *Stop Order*, *Limit Stop Order* and *Trailing Stop Order*. Not sure if any of those are call options....
No, those refer to order types. They can be used with both stock and options when you're placing an order. For example, a market order just tells the broker to buy at whatever prevailing price is at the time. A limit order for example is a command to your brokers to only purchase a stock or option at a certain price.
Thanks for these tip my friend. I'm still trying to get the hang of the markets. Starting out I deposited $150 into my investment account on Robinhood and started a $100 limit order on MSFT.
Be sure to understand Greg is buying options, not stock. I didn't realize that for about 4 months and bought stock based on a couple of his newsletters and wondered why my% didn't match his when he closed out🤦♀️
Hey guys, I want to understand Greg’s posts. I’m struggling to understand how I respond to the announcements, or what they mean. Help and direction very much appreciated.
Hi absolute newbie here, when Greg announces calls for Jan. 15 2021 and I am trading through TDAMeritrade do I have the option to use those future calls? So far I have only bought on Greg's advice, but I do not see that specific call date : Jan. 15 2021. And does it change the price of teh trade? Apologies if that is a dumb question :-)
Not sure what your asking, but on Think or Swim, you'll see the Jan 15, 2021 contracts in the Options Chain tab. Look for GM's recommended strike price on the CALL side. Place your order at the "MARK" price not the current "BUY" price (always try and get in for "below ask" price). Ride it on Greg's recommendations. When he says he sold it, you do the same.
I've been doing my best to help & encourage other Lions since the newsletter started. I'm on it G!
Hey Anthony, Id love some help. What exactly are the trading recommendations from Greg? Buying long call positions? I get the newsletter, but have no idea how to take the positions that are recommended.
He goes long calls to give the position time to play out. If he hits his targets early he'll usually pull profits if not close the position. He lets us know when he's taking a new position, adding to, or closing. The Newsletter's for swing trades or core positions. He's also in & out of SNP sometimes multiple times a day; he posts the intra-day trades in the chatroom. I'm no pro only been a Lion a yr hope I was of some use to you!
Where’s the chat room?
On his website scroll down a ways to click the "Lions Chatroom" w/the roaring lion icon will jump-link you to it
Thanks!
Thanks Anthony!
My pleasure!
Damn, didn't know he was trading intra-day SnP... I could have used some intel on today's end of day "dump"
I used to be active in the chatroom until my work firewalled me out back in Feb. At least back then the chatroom's focus was on SNP, GLD & SLV. Greg will often respond to SNP or other day trade questions in the chatroom. I once loved the chatroom, but there's a lot of noise in there too!
Thanks Anthony!
YES.... I've asked and no one helped. It seems thst I am on my own. I have yet to try options, even after G.M. Class. I can't find the main room for trades that is mentioned.
Gregory, your awesome. Your words of advice had helped me a lot. God Bless.
what platform are you using Ann? Most platforms have some sort of option information
Thank you. :))
I am tradding with Charles Schwab. Yes, I am approved to trade Options. I'm just afraid to do so because Schwab talked as though I will lose a lot of money by tradding options.
start small and don't rush.
Thanks for all you do Greg! I never miss a video and have learned so much! Not a trader, but have followed your advice in other areas. It is a nice feeling to live without all the fear they're pumping!! Have tried to spread the word, unfortunately more often than not it falls on deaf ears.
We're trying to get more Lions but the Sheeple won't move.
New Lion here ;-)
I think I am just not fit to be a Trader? My brain doesn't work like that? I have this image of having to sit in front of a computer all day long and just trade..the charts are like Greek to me... BUT, I follow Greg because he is a GENIUS with the markets....!
Dont overthink it. Just follow GM's instructions. No need to concern yourself with all the "data"
It's really that easy?? How do I even set up a trading account?? Is that on there too?
it takes time and energy and focus into setting up this. the learning curve is steep. my brain is not wired this way either...but i'm doing it.
If you look for my profile picture onn F.B-It's a American Flag Eagle and the Statue Of Liberity- all together.
OK found you and the reason I couldn't before is you have left the D out of your last name on here...lol I sent you a PM.
I'm political.. That's why the D. Thanks. Phone almost dead. TTY 2nite?
Ok, you say nobody will help you on here, but you have a fake name and I reached out to you like you asked and no response??? Good luck because I will try to help anyone that doesn't understand options trading the best I can. We all help each other on Greg's Pride newsletter, But maybe Charles Swab was right that you would just lose a bunch of money. My time is valuable too!!! Good Luck!!!
Sorry William,
My phone battery died. I appreciate you trying to help me. :)) I hope we can talk tomorrow? I was trading all day and then out this P.M.
Who ever wants to help me, just F.B. me- P.M. I'd appreciate it.
Question. What is consider a normal buying 10 year indicator please?
The US 10 year bond yield. If yield goes up, so is the market. If its going down, same thing
I have time to help now that the dust has settled form markets open this morning. I cant find you on FB?
Howdy, Lions! I've watched Greg every day since just before the bottom in March. I've been trying to figure out how to get back in the market. Can someone direct me to what a "call" is instead of directly holding a stock? Much appreciated.
a call option is a contract to buy 100 shares of a given stock at the expiration of the option. You can sell for profit anytime before expiration, or exercise your option and buy the stock at a lower price and hold it or sell the 100 shares and profit. Most of the time you sell your option for a nice profit at anytime it is making money at a rate of 5% to 30% to 100% profit or more of your original purchase price and move on to the next option unless you want to hold those 100 shares in your portfolio. Just the opposite for buying a put option. Study options trading and I promise you it is not for the weak of heart...lol.
Howdy, Lions! I've watched Greg every day since just before he cashed out in March. I've been trying to figure out how to get back in the market. Can someone direct me to what a "call" is instead of direct holding of a stock? Much appreciated.
Scroll up a few A really good explanation of option trading is what you are looking for.
Can any of Gregory Mannarino's Lions help me with his stock picks on Schwab? The site has a lot more "options" ( no pun intended) that must be selected beyond the info Gregory Mannarino gives out.
I don’t use Schwab. Do they offer trading education on their platform? TDAmeritrade does. I would think they do too.
Thank you for your reply. Here are the selections. When Gregory Says He's buying for example VZ. Jan 15, 2021 $50 There a lot of boxes with Selections. Here they are.
BASIC
Buy to Open
Buy to Close
Sell to Open
Sell to Close
Market Order
Stop
Limit
Stop Limit
Quantity of Contracts
Day Only
Good until Canceled
Fill or Kill
Immediate or Cancel
SPREADS AND STRADDLES. ETC.
Same as basic but there are 2 Symbol Selections
Which of these do I select based on his suggestion?
Buy to Open, Limit with price after you click on "sell" on left side of calls, you choose the number of contracts
Thank you so much! one last thing In the timing box the selections are
Day Only
Good until Canceled
Fill or Kill
Immediate or Cancel
which do u i select?
Can you only buy when the market is open, surely that makes some sense but I just wanted to confirm
Usually, you can only buy when the market is open particularly in the case of options. However, some brokers do allow you to purchase some shares of stock before and after the market has closed.
Thanks for this info bro. I just noticed greg saying he opened a new position on MRK for $80 calls, does that mean he bought 1 share for $80? And it looks like he brought a previous share before with MRK so that makes 2 shares?
No, not quite. Greg normally uses options to trade not purchasing shares directly. An option is basically the right to buy or sell a set amount of shares at a given price called the strike price. Usually, an option is set with a contract terms for 100 shares.
When Greg said he opened a new position on MRK for $80 calls, it means he bought a call option with a strike price of $80.
Thank you JR, I think that answered my question too. So he does not buy stocks only options?
He did have some shares before the market went down earlier this year. Greg held some normal shares of stocks in what he called his core holdings before. He did this at the same time he was trading options.
Alright, right now I'm using the Robinhood App and I see these options of *Market Order*, *Limit Order*, *Stop Order*, *Limit Stop Order* and *Trailing Stop Order*. Not sure if any of those are call options....
Do the courses at optionalpha.com, then watch Greg's "Trade Game" vids, and then you'll have it.
No, those refer to order types. They can be used with both stock and options when you're placing an order. For example, a market order just tells the broker to buy at whatever prevailing price is at the time. A limit order for example is a command to your brokers to only purchase a stock or option at a certain price.
No, I have pre and post market tradding.
you can place an order when the market is closed, but it will only be filled when the market is open.
ps: best to trade when the market is open so you see real time prices
Thanks for these tip my friend. I'm still trying to get the hang of the markets. Starting out I deposited $150 into my investment account on Robinhood and started a $100 limit order on MSFT.
Be sure to understand Greg is buying options, not stock. I didn't realize that for about 4 months and bought stock based on a couple of his newsletters and wondered why my% didn't match his when he closed out🤦♀️
When you say Buying Options Michelle, what does that mean?
Practice in SIMULATION mode. Don't use your own money until you have the hang of placing orders and understanding completely what you're doing.
You got it Greg.
Hey guys, I want to understand Greg’s posts. I’m struggling to understand how I respond to the announcements, or what they mean. Help and direction very much appreciated.
When Gregory suggests a play like with a Jan.15 2021 Call at $50 I am unsure with the selections on Schwab what to put. Here are the selections.
BASIC
Buy to Open
Buy to Close
Sell to Open
Sell to Close
Market Order
Stop
Limit
Stop Limit
Quantity of Contracts
Day Only
Good until Canceled
Fill or Kill
Immediate or Cancel
SPREADS AND STRADDLES. ETC.
Same as basic but there are 2 Symbol Selections
Thanks Greg for sending out the signal to help us!!! The post have been excellent!
Hi absolute newbie here, when Greg announces calls for Jan. 15 2021 and I am trading through TDAMeritrade do I have the option to use those future calls? So far I have only bought on Greg's advice, but I do not see that specific call date : Jan. 15 2021. And does it change the price of teh trade? Apologies if that is a dumb question :-)
Not sure what your asking, but on Think or Swim, you'll see the Jan 15, 2021 contracts in the Options Chain tab. Look for GM's recommended strike price on the CALL side. Place your order at the "MARK" price not the current "BUY" price (always try and get in for "below ask" price). Ride it on Greg's recommendations. When he says he sold it, you do the same.
Also in the action field is it buy to Open or buy to close?
Hi Jimmy, thank you for your help. What is the MARK price I only See the BID, ASK & LAST