Is AXP going to come back...? its a sell now on your stock screener. what would you do, wait it out because i have Sept option, or cut losses and move to MSFT?
Hi Someone, you're not going to get an answer from Greg. That would constitute giving a recommendation. The SEC is now watching him. I remember your post, I stated you need to find your comfort level. It sounds you are on the pain threshold now.
The question is, if that option goes to zero, will you be mad? How will it affect your trading account...in a big/small way? You state you want to cut your losses and move to MSFT. That does not make a bit of sense. Why would you follow him down another path? You need to develop YOUR OWN strategy and not rely on this guy.
The answer for you and for everyone who follows him. Once you hit that enter button to buy....YOU ARE ON YOUR OWN.
Don't mean to sound harsh, but his Lions are starting to realize stocks don't only go up. They trade down or sideways (this is where a call option holder loses). If you read his followers' comments, good people are getting hurt with the recent price activity in the markets. AND that just sucks.
Hey Paul, you are 1000% correct. For anyone reading this: Educate yourself. Options are a great investment tool. However, just like a flame or fire, it is dangerous if you don't know how to manage it. The longer you study and practice, the less probable you are to be a risk to yourself. Paul recommended s great Bible for options, "Options as a Stategic Investment by Lawrence G. McMillan". Thank you Paul, I've been sitting on the sidelines while i read it.
Hey, thank you very much AND I'm so glad you're reading it. If you have any questions...because that book could be a monster sometimes PLEASE reach out. I will do my best to help.
Hey Josh, I'm sorry to hear and sounds like you may be hurting. Although i love Greg and his work. The drawback is that many people including Greg who are posting trades online cannot legally give individual financial advice. What he is doing already has caught attention from the SEC. While i cannot give financial advice. I can say that I've been following Greg since he started the newsletter and never traded without doing tech analysis and using money I'm okay parting with. I personally had loosing trades like Disney and Ali Baba and JNJ. My loses were limited because I had used spreads. Be careful when going one direction in a trade.
Yep, no updates on earlier recos, all loosers.
Axp, nflx, Abt,baba. Trapped in these trades but time may turn them in our favor. Out 4-6 months
Damn that’s brutal. I’m deep in AXP myself. July expiration. If I need a few months I’ll be quite pissed.
GL tho.
Me too, down over 3% today. This dogshit stock Falls every day. It's looking like my options are going to zero. Big loss on this trade.
BABA was horrible, even the puts I lossed on. Not doing Chinese stocks anymore (or JNJ, or UA, or big pharma, or DAL...just about everything lol).
Gm is a macro economist, not short term. Short term outlook much more difficult than macrolong term.
Gm runs hides on loosing positions.
When you need guidance he is out of the building.
It looks that way. I guess it takes time to get to know people.
Too bad though, you can't build a large audience like he seems to aspire to if you don't follow through or man up.
I like Netflix and baba picking up
Is AXP going to come back...? its a sell now on your stock screener. what would you do, wait it out because i have Sept option, or cut losses and move to MSFT?
Hi Someone, you're not going to get an answer from Greg. That would constitute giving a recommendation. The SEC is now watching him. I remember your post, I stated you need to find your comfort level. It sounds you are on the pain threshold now.
The question is, if that option goes to zero, will you be mad? How will it affect your trading account...in a big/small way? You state you want to cut your losses and move to MSFT. That does not make a bit of sense. Why would you follow him down another path? You need to develop YOUR OWN strategy and not rely on this guy.
The answer for you and for everyone who follows him. Once you hit that enter button to buy....YOU ARE ON YOUR OWN.
Don't mean to sound harsh, but his Lions are starting to realize stocks don't only go up. They trade down or sideways (this is where a call option holder loses). If you read his followers' comments, good people are getting hurt with the recent price activity in the markets. AND that just sucks.
Thank you Paul, you are right.
Hey Paul, you are 1000% correct. For anyone reading this: Educate yourself. Options are a great investment tool. However, just like a flame or fire, it is dangerous if you don't know how to manage it. The longer you study and practice, the less probable you are to be a risk to yourself. Paul recommended s great Bible for options, "Options as a Stategic Investment by Lawrence G. McMillan". Thank you Paul, I've been sitting on the sidelines while i read it.
Hey, thank you very much AND I'm so glad you're reading it. If you have any questions...because that book could be a monster sometimes PLEASE reach out. I will do my best to help.
Stay safe and liquid!
Yeah, it's bad. Might as well buy puts on it.
Hi someone, can you repair your trade? Is your call OTM or ITM, expiration out for another 3 months? I can't give financial advice but here us a helpful link for educational purposes. https://www.investopedia.com/articles/optioninvestor/05/030105.asp
Kathy, thank you for your post.
I think we just waiting for crude to turn around !! Remember that oil run was amazing . I missed too lol
Hey Greg any updates on the current positions? Thank you again
17 sep 220 ... report me to the SEC now
Yes, it sucks.
Hi Greg !! Are you still bullish on banks ?
And a good core holding, if you still believe in such things.
Too expensive for my little purse ...
Good point Josh,
I am very concerned about entering any new recommended trades.
My AXP trade is dowm 60% erasing all the earnings year-to-date.
I've been averaging down this dog but there is no sign that this thing will turn positive.
It has been down every day but 1 since GM recommended this trade recommended.
This dog of a stock is plummeting today again! I can't justify averaging down any longer, I think I'll buy short-term puts on it.
Additionally, the banks have been a loss as well. There comes a time where you need to tap out.
Hey Josh, I'm sorry to hear and sounds like you may be hurting. Although i love Greg and his work. The drawback is that many people including Greg who are posting trades online cannot legally give individual financial advice. What he is doing already has caught attention from the SEC. While i cannot give financial advice. I can say that I've been following Greg since he started the newsletter and never traded without doing tech analysis and using money I'm okay parting with. I personally had loosing trades like Disney and Ali Baba and JNJ. My loses were limited because I had used spreads. Be careful when going one direction in a trade.