ALL of the picks in my custodial Edward Jones account are down. ALL of the stuff I bought myself (at GM's suggestion of course) in my little eTrade account are very green this morning. I'm transferring control to myself. I don't know anything about trading, but apparently I know enough to follow the right guy. I'm dying to send a screen shot to my EJ broker.
You definitely know more and should control all of it yourself. There are plenty of guides on video platforms that will tell you the technical terms, such as investopedia. I use webull and trade on phone. Convenient.
For long term traders and not day traders, I suggest the credit/debit spreads and writing calls and put options. You essentially remove a lot of the volatility of the market, while people who buy/trade the contracts you create, can get more profit, they can also lose more. You get paid premium every week to a month.
That makes it so that you only have to make trading decisions every few weeks instead of every day.
Here is a basic strategy. If you think a stock is going to go up, but you want to hold the shares in case of a dip but you don't want to lose the market value, write a call option. That creates a covered stock per 100 stock strategy. Out of the money 55-75% perhaps. If the stock goes up 10%, you can sell the entire covered call package, but your profit may be 3-5% instead of 10%. If the stock goes down 10%, you will pick up the premium from the covered call that is now worth less. When you wrote the call contract, it may have been worth 1 or 100 USD. Now the option is farther away from ITM (in the money), it loses extrinsic value. And if the price stays that way, the call contract expires with no impact to your stock, except you are paid the full premium. The length of time of the contract can be as little as a few days to months or years.
So whether stocks go up or down, won't matter as much if you have options.
Hedge funds hedge using option contracts which expire every friday or so.
Greg, your synopsis is spot on. I’m in my 70’s now and it seems like not so long ago, that I was part of the blood and guts circus in Vietnam. I returned to the “world” to find gas lines and an OPEC crisis. The interest rate on the ten-year note went to nearly 18% in 1980 with “Fed Zombie,” Volker and Jimmy Carter at the helm.
Reagan was able to make a few changes and I got a VA Mortgage for just under 10% on my first home. I had a great job as did my wife, and we kept our heads above water.
Don’t lose hope. When things get tough the tough get going, not borrowing. Thanks Greg. I really enjoy your reporting. You make me feel young again. Never lose that sense of humor. When you stop laughing you’re not worth a plug nickel.
Same! I just got a gift card for my birthday and bought a pair of shoes with it. Caught myself thinking, 'I could've grabbed another JPM share for that price.' Talk about a shift in focus.
I keep less than $30 in the bank and less than $20 on my person. Why? Because I know where crypto is going and I'm all in for now. I got an extra $32 bucks today. I was about to buy a nice meal. I then decided to suffer it out and eat at home and buy some more CRYPTO! Hehehehehe! 🤣😂👍😃
I'm willing to live an austere life now for a wealthy life later. 😀
(Dont laugh) its not as easy as you think, BUT I am a commodities trader and I watch alot of the oil sector on a daily( even hourly basis) I did notice that alot of goverment agencies were saying, no we will never invest in oil...well, now some of the funds ARE. Lol. I also see when oil is up, so are things like enphase...( for really no good reason beyond we obviously need more energy) solar panels will not run a semi truck though.
Ok, beyond all that ...message me back greg. Id love to interview you!
When the debt bubble burst, dollar will go through the roof destroying every asset including gold and silver and any of 20000+ cryptos out there .. may there will be 50000 types of copy cat cryptos by then ...bitcoin1 bitcoin2 bitcoin N
Copy it as many times as you wish ... keep creating cryptos .. ALL copy cats fixed at 21 million each.
check this out: yesterday post mkt I was asking how the financial news narrative would change to spark or encourage a rally? well, i see the following headline from marketwatch today: "U.S. stocks rally amid hopes CPI data marks inflation peak"
yes - it's a beast machine that eats people when it doesn't need them anymore, or they get in its way, and we are being lied too (its so freaking sad that it humbles me to my core), Greg thank you many times for all your hard work and all your people too, your service is very valuable and i've enjoyed the discussions on this site as you mentioned, i've gone a little batty myself lately (thanks for tolerating) and the information and discussion here keeps me focussed, motivated, inspired, and engaged :)
ALL of the picks in my custodial Edward Jones account are down. ALL of the stuff I bought myself (at GM's suggestion of course) in my little eTrade account are very green this morning. I'm transferring control to myself. I don't know anything about trading, but apparently I know enough to follow the right guy. I'm dying to send a screen shot to my EJ broker.
NEVER let someone else control your money 💲💰. You did good 🙂
E.J. is not worth the fees if YOU are doing better than he is doing. Hahahahahaaaaa! 😅😂🤣
You definitely know more and should control all of it yourself. There are plenty of guides on video platforms that will tell you the technical terms, such as investopedia. I use webull and trade on phone. Convenient.
For long term traders and not day traders, I suggest the credit/debit spreads and writing calls and put options. You essentially remove a lot of the volatility of the market, while people who buy/trade the contracts you create, can get more profit, they can also lose more. You get paid premium every week to a month.
That makes it so that you only have to make trading decisions every few weeks instead of every day.
Here is a basic strategy. If you think a stock is going to go up, but you want to hold the shares in case of a dip but you don't want to lose the market value, write a call option. That creates a covered stock per 100 stock strategy. Out of the money 55-75% perhaps. If the stock goes up 10%, you can sell the entire covered call package, but your profit may be 3-5% instead of 10%. If the stock goes down 10%, you will pick up the premium from the covered call that is now worth less. When you wrote the call contract, it may have been worth 1 or 100 USD. Now the option is farther away from ITM (in the money), it loses extrinsic value. And if the price stays that way, the call contract expires with no impact to your stock, except you are paid the full premium. The length of time of the contract can be as little as a few days to months or years.
So whether stocks go up or down, won't matter as much if you have options.
Hedge funds hedge using option contracts which expire every friday or so.
TYSM for that thoughtful comment! I'm starting to learn that very thing. Specifically looking at diagonal spreads. Your comment is much appreciated!
Greg, your synopsis is spot on. I’m in my 70’s now and it seems like not so long ago, that I was part of the blood and guts circus in Vietnam. I returned to the “world” to find gas lines and an OPEC crisis. The interest rate on the ten-year note went to nearly 18% in 1980 with “Fed Zombie,” Volker and Jimmy Carter at the helm.
Reagan was able to make a few changes and I got a VA Mortgage for just under 10% on my first home. I had a great job as did my wife, and we kept our heads above water.
Don’t lose hope. When things get tough the tough get going, not borrowing. Thanks Greg. I really enjoy your reporting. You make me feel young again. Never lose that sense of humor. When you stop laughing you’re not worth a plug nickel.
I’ve invested more $ than I’ve spent shopping since I started following Greg. Ha ha not kidding!
Good girl! It's better to have assets than cash. 👍😃
Mhm Greg is a good influence !!!
You're right. 👍😃
Oops! Above I meant it's better to have assets than those things that satisfy our simple enjoyment of spending for spendings' sake. 💲💲💲💰💰💰🤑🤑🤑
Same! I just got a gift card for my birthday and bought a pair of shoes with it. Caught myself thinking, 'I could've grabbed another JPM share for that price.' Talk about a shift in focus.
I keep less than $30 in the bank and less than $20 on my person. Why? Because I know where crypto is going and I'm all in for now. I got an extra $32 bucks today. I was about to buy a nice meal. I then decided to suffer it out and eat at home and buy some more CRYPTO! Hehehehehe! 🤣😂👍😃
I'm willing to live an austere life now for a wealthy life later. 😀
Here is a list of Div food stocks, get while at a discount.
Rank Symbol Dividend Recent Yield*
#1 BGS
Q 1.9 6.97%
#2 KHC
Q 1.6 3.88%
#3 CAG
Q 1.25 3.57%
#4 K
Q 2.32 3.42%
#5 CPB
Q 1.48 3.23%
#6 FLO
Q 0.84 3.16%
#7 CVGW
A 1.15 3.08%
#8 GIS
Q 2.04 2.89%
#9 INGR
Q 2.6 2.88%
#10 SJM
Q 3.96 2.84%
#11 FDP
Q 0.6 2.29%
#12 MDLZ
Q 1.4 2.21%
#13 LANC
Q 3.2 2.06%
#14 HRL
Q 1.04 1.96%
#15 TSN
Q 1.84 1.96%
#16 IBA
S 0.85 1.84%
#17 BG
Q 2.1 1.78%
#18 ADM
Q 1.6 1.69%
#19 JJSF
Q 2.532 1.65%
#20 HSY
Q 3.604 1.61%
#21 LW
Q 0.98 1.49%
#22 UTZ
Q 0.216 1.49%
#23 MKC
Q 1.48 1.45%
#24 SAFM
Q 1.76 0.93%
#25 CALM
Q 0.50 0.89%
#26 JBSS
A 0.7 0.82%
#27 MGPI
Q 0.48 0.52%
Major oil shock? "Yaaaawn"🥱
More fear porn new version Frankenstein is a comming RUUNNN
Greg & friends, Im doing a new channel
(Dont laugh) its not as easy as you think, BUT I am a commodities trader and I watch alot of the oil sector on a daily( even hourly basis) I did notice that alot of goverment agencies were saying, no we will never invest in oil...well, now some of the funds ARE. Lol. I also see when oil is up, so are things like enphase...( for really no good reason beyond we obviously need more energy) solar panels will not run a semi truck though.
Ok, beyond all that ...message me back greg. Id love to interview you!
Whole world is selling assets to buy King dollar.
When the debt bubble burst, dollar will go through the roof destroying every asset including gold and silver and any of 20000+ cryptos out there .. may there will be 50000 types of copy cat cryptos by then ...bitcoin1 bitcoin2 bitcoin N
Copy it as many times as you wish ... keep creating cryptos .. ALL copy cats fixed at 21 million each.
Now I know what's coming down
I can feel where it's coming from
And I know it's getting better all the time
As we share in each other's minds
Today, I love you more than yesterday
Right now, I love you more right now
Ooo, no more crying
Ooo, no more crying
Ooo, no more crying
Ooo, no more crying - i know i know ( John Lennon)
Today I love you more than yesterday
Right now I love you more right now - I Know I Know (John Lennon)
The years have passed so quickly
One thing I've understood
I am only learning
To tell the trees from wood
I know what's coming down
And I know where it's coming from
And I know and I'm sorry (yes I am)
But I never could speak my mind
And I know just how you feel
And I know now what I have done
And I know and I'm guilty
But I never could speak my mind
I know what I was missing
But now my eyes can see
I put myself in your place
As you did for me - I Know I Know (John Lennon)
check this out: yesterday post mkt I was asking how the financial news narrative would change to spark or encourage a rally? well, i see the following headline from marketwatch today: "U.S. stocks rally amid hopes CPI data marks inflation peak"
(singing): "you spin me right round baby right round like a record baby round round right round"
yes - it's a beast machine that eats people when it doesn't need them anymore, or they get in its way, and we are being lied too (its so freaking sad that it humbles me to my core), Greg thank you many times for all your hard work and all your people too, your service is very valuable and i've enjoyed the discussions on this site as you mentioned, i've gone a little batty myself lately (thanks for tolerating) and the information and discussion here keeps me focussed, motivated, inspired, and engaged :)
Meet the Creepy Israeli who pulls Klaus Schwab’s strings. https://www.bitchute.com/video/Te3a01o9wu0V/
Well that was f'ing disturbing.
Sure was!
https://www.washingtonexaminer.com/opinion/the-fed-knows-its-lying-to-you
The come to Jesus moment draws nigh. Meanwhile Paul Craig Roberts has an interesting post on bringing the COVID Criminals to heel. https://www.paulcraigroberts.org/2022/04/12/covid-crimes-exposed-the-fda-nih-cdc-who-are-criminal-organizations-that-must-be-indicted-tried-and-executed-for-massive-crimes-against-humanity/