you right Greg, could have cashed 2 positions for small profit, got greedy, now have to wait... didn't realize have too babysit these options. now i know
Is there any good guidance on how to approach these buy alerts. I am new, and curoious what kind of strike prices you all are taking and knowing how long to hold before selling off.
https://www.investopedia.com/ will tell you every thing you need to know about trading (but not how to profit lol). You buy the option to open or "Buy to open"(means you own it) if he says its going go higher you buy to open a "call" at or close to what the strike price is when you go to buy it. If he says its going to go down you buy to open a put option at close to the strike price. If your buying SLV and the current price is $14.00 you can buy a call at $13.50, $14.00 or $14.50. Just remember the further away from the current price you get the riskier the option becomes. When you buy an option that ends 2 months or more from the day you buy it, rarely ever keep it once it gets close to 1 month or less before it expires. The reason is the option begins to lose value the closer to the end date it gets because people cant make much profit on them so they wont pay as much. That is unless a massive black swan event happens for that stock and it rocket or plunges but if you wait for that you might as well go buy a lotteries ticket :-) . Think bell curve - for a 3 month call option, if the stock goes up as you think it will, the value shoots up until you hit the 1.5 month point then the bell curve begins to head back down. Slowly at first but sharper the closer to the end date you get.
You get the book. Greg provides this for free and your answer to someone who needs help is to palm them off to a book that cant answer every question Ben may have? Is your time and experience to precious to share with noobs? 😉
anybody ever mess with the bid/ask spread and do limit orders just below the bid.. i think it's called scalping? but whatever it's called if the order goes through it's like an instant gain
XLF is not working out for me. Got June calls at a 23 strike price when the stock was in the 22s. I'm 30% underwater now. Hold or take the loss and roll them over?
There are daily trading tips on Kitco.com and to be fair the foresaw today's pullback, and some there are predicting pressure on gold (and hence GLD) next week. It is has to be safe for a long-term hold if you are not paying fees to keep a position open.
and pigs do not know they are going to the slaughter house after their LAST MEAL
I never go all in on anything. I (we) are waiting for your alerts to sell. Just want to verify that is indeed your plan. Thanks for all you do.
I've been in/out small profit on each of the six. Happy bunny.
i been 1 contract longs and bought the stocks when the call went out.. and I got in on tesla last week..
you right Greg, could have cashed 2 positions for small profit, got greedy, now have to wait... didn't realize have too babysit these options. now i know
With you there brother.. live and learn
Is there any good guidance on how to approach these buy alerts. I am new, and curoious what kind of strike prices you all are taking and knowing how long to hold before selling off.
https://www.investopedia.com/ will tell you every thing you need to know about trading (but not how to profit lol). You buy the option to open or "Buy to open"(means you own it) if he says its going go higher you buy to open a "call" at or close to what the strike price is when you go to buy it. If he says its going to go down you buy to open a put option at close to the strike price. If your buying SLV and the current price is $14.00 you can buy a call at $13.50, $14.00 or $14.50. Just remember the further away from the current price you get the riskier the option becomes. When you buy an option that ends 2 months or more from the day you buy it, rarely ever keep it once it gets close to 1 month or less before it expires. The reason is the option begins to lose value the closer to the end date it gets because people cant make much profit on them so they wont pay as much. That is unless a massive black swan event happens for that stock and it rocket or plunges but if you wait for that you might as well go buy a lotteries ticket :-) . Think bell curve - for a 3 month call option, if the stock goes up as you think it will, the value shoots up until you hit the 1.5 month point then the bell curve begins to head back down. Slowly at first but sharper the closer to the end date you get.
Jason, Thank you for this! It really helps clarify things for me . I have a lot to learn, but practical examples really help.
Get Greg’s book on trading
You get the book. Greg provides this for free and your answer to someone who needs help is to palm them off to a book that cant answer every question Ben may have? Is your time and experience to precious to share with noobs? 😉
I’m new too buddy so i recommenced the boom coz that’s what I’m doing hehe
anybody ever mess with the bid/ask spread and do limit orders just below the bid.. i think it's called scalping? but whatever it's called if the order goes through it's like an instant gain
Always that's your best chance of getting a decent price not to low not to high just right ;-)
Get Greg’s book on trading
are you still holding these? supposed to be long term holds...I've kept 3 and sold 3. XLF, GLD, SLVR holds not so great for me now.....
I’m not savvy enough to be a a trader, but have followed GM for yrs. He calls it right nearly 90-95% of the time. He’s true blue!
I finally understand this market, thanks to Greg. Fascinating!
Thanks, I'm not a trader but I find this all fascinating and a great education!
XLF is not working out for me. Got June calls at a 23 strike price when the stock was in the 22s. I'm 30% underwater now. Hold or take the loss and roll them over?
I'm with you
Greg didn't trigger a sell alert so I think a bailout may be in the works?
I'm hoping anyway
.. i bought 10 shares.. i guess that's long? lol
Piggie, Piggie
That is a position raise, I call it! - Teddy KGB great work, keep up everything you do, I have 6 people in my office following you now!
thanks Greg
Miss Piggy doesn't get slaughtered, she rocks and kicks A.... lol.
Thank you Greg for all you do for little guys in this dog eat dog world.
Awesome! Thanks, Greg!
Any opinion on GLD today? Cheers
There are daily trading tips on Kitco.com and to be fair the foresaw today's pullback, and some there are predicting pressure on gold (and hence GLD) next week. It is has to be safe for a long-term hold if you are not paying fees to keep a position open.