As someone who can only buy stocks, not options, I believe I'm getting the hang of this. Facebook went down today because of bad regulatory news (for Facebook, not for the people) so it was a good time to predict that the stock would rise again in the future. It was a perfect time to buy call options, because people were selling them, fearful that Facebook would fall. When Facebook gets over this little hurdle and rises, FB calls will be wanted again, and Greg will sell them for a profit. For someone like me, the play is to wait for the dip he's predicting. In essence, to walk a step or two behind him. Sounds about right?
Thanks for the likes but don't be too happy for me... I'm getting DESTROYED on that SPY play. I've even been defensively buying short dips and re-selling at profit to improve my position... and I'm still way down from the first purchase.
Anybody else getting destroyed on the SPY trade he started when it was like $25.60 (now at 17.34)
I'm following along trading Mannarino's signals as cfd's and averaging down. But in this volatile market it seems trading a technical based system intraday seems more safe and less of a mountain to take psychologically, then having your money tied up in a long drawnout position.
EMAs show FB in a downtrend here. SEP and OCT are historically bad months for the market. Waiting for the trend to reverse might provide an opportunity to finesse your way out of the FB calls.
Hi Greg, Is there any way I could talk to you.You're my last hope.Not looking for inside info.etc.Recovering from cancer and a lost eye..416-402-3369.Thanks
I need to start taking my own advice and selling contracts when everybody else is buying LOL
that's what i have said. and as soon as I can get enough back, i will do this!
The best. I had shorts and took advice of Greg to "not short this market" - I closed it, bu I could keep it.
For that you have to get in before everybody else ... FB plummeted after Greg's signal. It could have been the opposite ...
As someone who can only buy stocks, not options, I believe I'm getting the hang of this. Facebook went down today because of bad regulatory news (for Facebook, not for the people) so it was a good time to predict that the stock would rise again in the future. It was a perfect time to buy call options, because people were selling them, fearful that Facebook would fall. When Facebook gets over this little hurdle and rises, FB calls will be wanted again, and Greg will sell them for a profit. For someone like me, the play is to wait for the dip he's predicting. In essence, to walk a step or two behind him. Sounds about right?
Greg, how do you make your trades, because the minute you send out the alert, it falls
He can't time everything and the fake market, but I'm so thankful and grateful that Greg is doing this service...FOR FREE!
I more so wish he would give a reason for the particular trade, trend line, news, etc
I paid 33.85
Hi Greg, i just found your blog and info two days ago. Is there an email to reach you at? Please let me know at erinda@gmail.com. Thanks..
Guys what's your contract price?
33.30
33.94...
33.90 : S
In @32.50
I got out at 33.13
Thanks for the likes but don't be too happy for me... I'm getting DESTROYED on that SPY play. I've even been defensively buying short dips and re-selling at profit to improve my position... and I'm still way down from the first purchase.
Anybody else getting destroyed on the SPY trade he started when it was like $25.60 (now at 17.34)
I'm following along trading Mannarino's signals as cfd's and averaging down. But in this volatile market it seems trading a technical based system intraday seems more safe and less of a mountain to take psychologically, then having your money tied up in a long drawnout position.
Your own psychology is definitely a BIG factor...
U. G. L. Y.
Saving grace is that I sold half my long term miners position before the plunge and looking to start layering back in
For real, was looking for direction, but it’s going to wrong way X D
EMAs show FB in a downtrend here. SEP and OCT are historically bad months for the market. Waiting for the trend to reverse might provide an opportunity to finesse your way out of the FB calls.
I've still got some $280 I need to shred. I might throw in a $260 once SLV quits crying.
In at 32.40
Out with a $100 bill.
How do I decipher what Greg said. I don’t understand it, can anybody tell me exactly what “FB June 18 2021 $260 calls” mean ?
FB = Ticker symbol for FACEBOOK
june 18 2012 = Expiration date
$260 = Strike Price
Call = Long
is betting that the stock will move towards that strike.
You need to do lot of practice and study my friend , hope you're not trading live until you understand enough .
Try this course: https://www.tastytrade.com/tt/learn/
You need to learn how options work. There is tons of videos and info. On the web.
Additionally, Greg has posted a very good guide on options on his website.
Traderschoise.com
Here's a good video that covers the basics for beginners--> https://www.youtube.com/watch?v=3bELT5FZCic
This channel covers indicators and strategies--> https://www.youtube.com/c/TheSecretMindset
Facebook June 18, 2021 calls, strike price 260. But honestly, do some research on options trading.
lol. go on YouTube and watch a video on how to trade options using td ameritrade, trade or whatever company you use.
Hi Greg, Is there any way I could talk to you.You're my last hope.Not looking for inside info.etc.Recovering from cancer and a lost eye..416-402-3369.Thanks
In @33.3
Thanks Greg, checking it out now.
33.93
Thanks Gregory!