Guys, I've made a ton of $ in short-term options trading, but with this market volatility, it's probably not best to play options if you are not experienced and understand technicals / resistance levels/ macd / rsi etc. Suggest to take education on all this stuff if you really want to learn. After a year of taking a bunch of courses and reading, I realize it's not really for me and I'd rather just buy during bullish trends and get out. I've lost a ton of $ this last 30 days b/c I violated my own rules, but I think Greg is right on this one, don't short b/c vote is coming up on senate floor next week, and if it passes really bullish for stock market. I also do feel there is a risk of a huge crash this year, but that is baesd on just 'gut' no evidence to support my claims.
Jus wanted to share that I think we all lions should also be prudnet in educating ourselves with detaield technical readings of charts before following any position blindy. Know your entry and exit points.
Interesting point! It could be priced in, but I mena 1.9T is a shit ton of $. I think you're right, but overall once stimulus gets passed stock market positive. Plus, you have that infrastructure bill right behind it which is not priced in, in my opinoin.
Simple, Markets go down buy PUTS!!! Markets go up buy CALLS!!! Markets are clearly under pressure and have been for several weeks, so if you are a SMART LION you will take advantage of these trends. Markets especially TECH has trended down for several weeks so then buy PUTS, and if you have been shorting AAPL you would have made a NICE PROFIT!!! What doesn't make sense to me is telling everyone to by CALLS when February is clearly a down month and all the stock suggestions were clearly at a HIGH MARK that signaled SELL, and now all the people that followed your picks are getting SKINNED ALIVE!!! I knew better and I feel sorry for all the LIONS that took great losses and when they ask for help there is no answer???
Greg, you are creating this mess. YOU ALONE. This is what you get when you do not properly educate your followers. The answer is not just to buy your book.
yea, I know, I was in that trade as well. Closed it at my planned 5% gain (like the same day an hour or so later) and then Greg said there might be some upside so I did a credit spread and lost on it. It was a small-ish loss but erased previous gains and some.
Anyway, it might be a good idea to just close it and wait to enter again when the trend changes? I'm just a noob so don't hold me to it, but that's what I would do :(
What are we supposed to do? We bought calls when you stated, we DCA on them as they went down. They are still going down.
I'm not shorting the market, but people have to do something. One of my accounts went from 25% for the year to -5% for the year. Sure the DOW and S&P go up, but the larger small caps are taking a huge it.
By design? Maybe, but what else do we have to do? You used to post positions, but now you just say look at my chart, it's never wrong. I tried the chart. I lost. Amateur? Maybe. But it is what it is.
Guys, I've made a ton of $ in short-term options trading, but with this market volatility, it's probably not best to play options if you are not experienced and understand technicals / resistance levels/ macd / rsi etc. Suggest to take education on all this stuff if you really want to learn. After a year of taking a bunch of courses and reading, I realize it's not really for me and I'd rather just buy during bullish trends and get out. I've lost a ton of $ this last 30 days b/c I violated my own rules, but I think Greg is right on this one, don't short b/c vote is coming up on senate floor next week, and if it passes really bullish for stock market. I also do feel there is a risk of a huge crash this year, but that is baesd on just 'gut' no evidence to support my claims.
Jus wanted to share that I think we all lions should also be prudnet in educating ourselves with detaield technical readings of charts before following any position blindy. Know your entry and exit points.
95% of his Lions want to be spoon-fed, by being told what to buy and when to sell.
Well, many do donate to him monthly like a subscription service. There is a small expectation outside of conspiracy videos.
Quite sad. Greg, even himself, says to never be a sheep. We are all responsible to educate ourselves.
You are correct, but in reality, based on reading this site's comments, not a chance.
Interesting point! It could be priced in, but I mena 1.9T is a shit ton of $. I think you're right, but overall once stimulus gets passed stock market positive. Plus, you have that infrastructure bill right behind it which is not priced in, in my opinoin.
Simple, Markets go down buy PUTS!!! Markets go up buy CALLS!!! Markets are clearly under pressure and have been for several weeks, so if you are a SMART LION you will take advantage of these trends. Markets especially TECH has trended down for several weeks so then buy PUTS, and if you have been shorting AAPL you would have made a NICE PROFIT!!! What doesn't make sense to me is telling everyone to by CALLS when February is clearly a down month and all the stock suggestions were clearly at a HIGH MARK that signaled SELL, and now all the people that followed your picks are getting SKINNED ALIVE!!! I knew better and I feel sorry for all the LIONS that took great losses and when they ask for help there is no answer???
That is what I don't understand???
I feel so bad for these people will. The majority of his followers cannot afford the losses they are taking.
Yes, very sad.
Skinned ?? That's not lion. Must be cat.
Greg, you are creating this mess. YOU ALONE. This is what you get when you do not properly educate your followers. The answer is not just to buy your book.
Come on Greg, step up to the plate and help your Lions. You are proving you are another con artist.
Greg, what should I do about the BABA trade? I am still in and am getting killed. Bought dips and stopped a few days ago but it keeps dropping.
I am in the same situation!!
I don't think it's a keeper ATM... https://www.tradingview.com/symbols/NYSE-BABA/technicals/
I know, but that is now, not then. The trade is down almost 75% expiration April 16.
but he had said buy calls that don't expire for many months.
yea, I know, I was in that trade as well. Closed it at my planned 5% gain (like the same day an hour or so later) and then Greg said there might be some upside so I did a credit spread and lost on it. It was a small-ish loss but erased previous gains and some.
Anyway, it might be a good idea to just close it and wait to enter again when the trend changes? I'm just a noob so don't hold me to it, but that's what I would do :(
What are we supposed to do? We bought calls when you stated, we DCA on them as they went down. They are still going down.
I'm not shorting the market, but people have to do something. One of my accounts went from 25% for the year to -5% for the year. Sure the DOW and S&P go up, but the larger small caps are taking a huge it.
By design? Maybe, but what else do we have to do? You used to post positions, but now you just say look at my chart, it's never wrong. I tried the chart. I lost. Amateur? Maybe. But it is what it is.
Greg, people might be shorting the market, because the stock market is one signal away from generating an official Hindenburg Omen.
I am curious if a head and shoulders formation is evolving in the Nasdaq chart?
Amazon is now solidly below 200 dma for the first time since after the covid. May be this is the end to good old nasdaq
my investments have had losses as of late...
Greg please post your new trades. Want to see what puts your selling. Thanks.
I took long positions yesterday at the bottom of the market. This morning I cashed out and I'm happy.
If one is a trader ..... one will be able to gage momentum......
Whoever is shorting isn't listening...
We are not done. Don't short.
Greg... You know a guy on.
Is Powell ready to curve the yield