Greg, if we don't know what prices you are averaging for the options we keep losing money! Please share this information with us so we know what prices to shoot for so we make 2% profits instead of losing 10%.
I have never had that issue. Check the time he sent the email and then check the stock price at that time or a few minutes before. if the stock has gone up a lot since he bought the option then wait for it to fall down near the level he bought it at or buy it and know that you won't make as much as he does. if he averages in then you need to pay attention to what the price is at when he averages in by checking the time the email was sent
True dat! He can’t control the buying volume, if there are enough people that piled in ahead of you, and already drove the price up ( of the stock and/or the derivative/option) then you are certainly taking on more risk. I’ve sat my fair share of trades out because I was LATE... I agree don’t be a lemming, but don’t be a hater either ;)
this is laughable. I did not see that kind of movement with Facebook just now. im certain Greg is really flattered that you think so highly of him that you think he can cause enough movement in the biggest companies in the entire world. Why would anyone need or want to scalp Facebook? the stock moves a couple percentage points every single day....
Your losses following someone's every trade like a blind lemming are what's going to be laughable. Every time Greg puts out a position update the price of that contract shoots up for a while. If you can get in when he does then you can front run along with him, otherwise- you're going down.
besides, I have made thousands and thousands following his moves over the last two months. literally, and that was with a pretty small account at first. not even enough to day trade with... not sure where down is. unless down means up and up means down and today is opposite day at your pre-school
OK, post your porftolio then, let's see how well you've done taking blind advice from an actual trader who would be wise to take advantage of your stupidity.
hey buddy, the price goes up and down all day second by second.... I hate to break it to you... that is how high volume stocks like apple, Facebook. Microsoft Starbucks Walmart work. there bought and sold bought and sold. all day long.
basically when he says he added to his position he means he bought more and it is not because he wants to own more but because he knows that he needs to buy more to lower the overall price of his options. he is averaging to get a better overall price.
I have mad respect for Greg and his advice but I agree with J Traders on what prices Greg disclosing his purchases or sales on. This would help guide us way better on how to be involved on a particular trade with we are too late on.
Just learn technical analysis and pick your own trades. Or if you must follow Greg's moves, just make sure you get in around the low of day on anything he posts, or else the volume spikes his updates cause are going to run up the price and then you're toast.
Depends on the liquidity of the contract, also I’m a total NOOB and I can see the price action he is jumping in on, just a strong pull up with a sharp snap back and pause, its only there for a few minutes, if you can’t get in on the pull back BEFORE the direction of the stock is MORE certain (driving up the price of the derivative ie option) then SIT IT OUT. Having an interface that shows the historical option contract price is also key. Good luck
Trying to lowball back into SPY (daytraded for 4% profit yesterday) & trying to lowball my first sbux position. If i get great, if not it's ok. I have exposure on other positions
People do your homework, be grateful for all Greg does for his pride.
if you don't understand how averaging down words look it up read research.
I will help anyone in any way that I can. please stop belly aching and complaining, the blaming game will lead to our demise!!!
Come on now, do you really think Greg is out to move the price of an asset so that he can benefit and screw us all?
look at a Stock's market cap, look at average volume, look at Daily volume, and look at the price. how many billions of dollars would it take to manipulate the price of an asset?
Greg, if we don't know what prices you are averaging for the options we keep losing money! Please share this information with us so we know what prices to shoot for so we make 2% profits instead of losing 10%.
average down
splitting hairs
OR greg can just share one data point? AKA the most crucial data point w us? Or else its almost blind unless I have his emails on alerts...
I have never had that issue. Check the time he sent the email and then check the stock price at that time or a few minutes before. if the stock has gone up a lot since he bought the option then wait for it to fall down near the level he bought it at or buy it and know that you won't make as much as he does. if he averages in then you need to pay attention to what the price is at when he averages in by checking the time the email was sent
True dat! He can’t control the buying volume, if there are enough people that piled in ahead of you, and already drove the price up ( of the stock and/or the derivative/option) then you are certainly taking on more risk. I’ve sat my fair share of trades out because I was LATE... I agree don’t be a lemming, but don’t be a hater either ;)
He wants a bunch of lemmings to pile in and drive the price of these trades higher for him, thus he's not going to help you get in on the cheap.
this is laughable. I did not see that kind of movement with Facebook just now. im certain Greg is really flattered that you think so highly of him that you think he can cause enough movement in the biggest companies in the entire world. Why would anyone need or want to scalp Facebook? the stock moves a couple percentage points every single day....
Your losses following someone's every trade like a blind lemming are what's going to be laughable. Every time Greg puts out a position update the price of that contract shoots up for a while. If you can get in when he does then you can front run along with him, otherwise- you're going down.
besides, I have made thousands and thousands following his moves over the last two months. literally, and that was with a pretty small account at first. not even enough to day trade with... not sure where down is. unless down means up and up means down and today is opposite day at your pre-school
OK, post your porftolio then, let's see how well you've done taking blind advice from an actual trader who would be wise to take advantage of your stupidity.
hey buddy, the price goes up and down all day second by second.... I hate to break it to you... that is how high volume stocks like apple, Facebook. Microsoft Starbucks Walmart work. there bought and sold bought and sold. all day long.
Says the lemming who doesn't see the importance of Greg mentioning his average price, a kind of key factor in making money off his trades.
basically when he says he added to his position he means he bought more and it is not because he wants to own more but because he knows that he needs to buy more to lower the overall price of his options. he is averaging to get a better overall price.
Or he could just say what his price is? Its simply a number on the screen that would help us SO much
he could but for whatever reason he chooses not to. A lot of people post what price they paid and what their averages are. I will post mine next time
Anon told you last week why he 'chooses not to', now you're just being wilfully obtuse
IM HAVING THE SAME ISSUE, week after week..
me three
Please greg -would really help!
I have mad respect for Greg and his advice but I agree with J Traders on what prices Greg disclosing his purchases or sales on. This would help guide us way better on how to be involved on a particular trade with we are too late on.
Just learn technical analysis and pick your own trades. Or if you must follow Greg's moves, just make sure you get in around the low of day on anything he posts, or else the volume spikes his updates cause are going to run up the price and then you're toast.
Depends on the liquidity of the contract, also I’m a total NOOB and I can see the price action he is jumping in on, just a strong pull up with a sharp snap back and pause, its only there for a few minutes, if you can’t get in on the pull back BEFORE the direction of the stock is MORE certain (driving up the price of the derivative ie option) then SIT IT OUT. Having an interface that shows the historical option contract price is also key. Good luck
I’m on board, 1st contract on sbux
Trying to lowball back into SPY (daytraded for 4% profit yesterday) & trying to lowball my first sbux position. If i get great, if not it's ok. I have exposure on other positions
Thanks Greg, I'm sitting these out but may jump in today.
Who else is getting destroyed on SPY?
People do your homework, be grateful for all Greg does for his pride.
if you don't understand how averaging down words look it up read research.
I will help anyone in any way that I can. please stop belly aching and complaining, the blaming game will lead to our demise!!!
Come on now, do you really think Greg is out to move the price of an asset so that he can benefit and screw us all?
look at a Stock's market cap, look at average volume, look at Daily volume, and look at the price. how many billions of dollars would it take to manipulate the price of an asset?