Very Good Greg, I sat these two out this time because the price kept falling all the way to close, and I'm waiting for a REAL PULLBACK before I buy back into GLD & SLV. Amazes me that these supposed professional traders and saying BUY THE DIP??? WHAT DIP??? Yesterday was not a PULLBACK or a DIP!!!
It wasn't much of a dip. If there's another big down day again, I would expect a bigger chunk of loose hands to fold in and sell. Personally, I would like to see both get close to retesting their breakout levels from before buying heavily into them.
Greg, you have to include your entry /exit prices so we can compare the actual price when we get your message and ready to buy vs the price you bought. Sometimes by the time I read your message the price will have changed dramatically and will not get the same results as you
I think it would be nice to know GM’s entry and exit prices as well, but maybe that is information he would like to keep to himself?
I traded professionally for 7 years and even when sitting right next to a guy on the trading floor calling out his trades in real time you would have a hard time duplicating the results.
All I know is I am making money following GMs trades as best I can!!! 😁
Just buy what he's buying only if you can get in near the daily low. Then sell when he sells as close to the daily high as you can. You'll do alright copying his trades that way.
On a quick trade like this, timing/trade execution can make a difference also. I tried to sell when Greg did but my limit order didn’t get hit. Just the way it goes.
15% gain on the SLV March 19 $2021 $23.5 calls how is this possible???!?
I have a (-15%) gain and bought at the time you advised? Matter of fact every option that I purchased is heavily in the loss only my stock purchases have gained me money.
I want to order 100 oz silver this week....where are you guys getting your silver rounds? I'm looking @ JM but it's like15-20% markup right now on the rounds from spot price.
Expect a markup for physical bullion from all sellers. The markup is the price of owning the insurance instead of having the banksters charge you fees for creating unallocated ficticious claims.
The options are a leveraged trade vs. just buying the underlying stock. It's hard though to get the exact percentages since trade conditions are always changing.
Very Good Greg, I sat these two out this time because the price kept falling all the way to close, and I'm waiting for a REAL PULLBACK before I buy back into GLD & SLV. Amazes me that these supposed professional traders and saying BUY THE DIP??? WHAT DIP??? Yesterday was not a PULLBACK or a DIP!!!
It wasn't much of a dip. If there's another big down day again, I would expect a bigger chunk of loose hands to fold in and sell. Personally, I would like to see both get close to retesting their breakout levels from before buying heavily into them.
I find it scary people are trading that dont have a clue...Took me 5 years just to learn think or swim! 😂
They cant stop us Lions we are 2 handsome
Greg, you have to include your entry /exit prices so we can compare the actual price when we get your message and ready to buy vs the price you bought. Sometimes by the time I read your message the price will have changed dramatically and will not get the same results as you
I think it would be nice to know GM’s entry and exit prices as well, but maybe that is information he would like to keep to himself?
I traded professionally for 7 years and even when sitting right next to a guy on the trading floor calling out his trades in real time you would have a hard time duplicating the results.
All I know is I am making money following GMs trades as best I can!!! 😁
Just buy what he's buying only if you can get in near the daily low. Then sell when he sells as close to the daily high as you can. You'll do alright copying his trades that way.
Gosh, buy at the low and sell at the high. That's easy. Were you being sarcastic?
Sounds like good advice, Pete. Thanks!
Some large bid spreads today..
what does that mean?
the difference between what a buyer is offering to pay and what a seller is offering to sell at.
yes i know that, but what does it generally mean when the spread is wider vs narrower? volume?
Thank you Gregory.
On a quick trade like this, timing/trade execution can make a difference also. I tried to sell when Greg did but my limit order didn’t get hit. Just the way it goes.
Do you think they will go down more , after yesterday ?
I am in new per GM and stayed in for the a·poc·a·lypse
i am in too w/ slv. gld i sold
that would mean that you purchased at $3.52 a contract. and in a matter of minutes when I purchased these contracts jumped to $4.25???
I got in @ 4 and out @ 4.45. That seems close to 12%
am I doing something wrong here. or when I am following your leads I am just not getting how that is possible.
15% gain on the SLV March 19 $2021 $23.5 calls how is this possible???!?
I have a (-15%) gain and bought at the time you advised? Matter of fact every option that I purchased is heavily in the loss only my stock purchases have gained me money.
I bought when he did and the price was 4.0 and has yet to go under 4.1. I'm not sure how you are down 15%
I bid at 4 and couldn't get in so I bought at 4.25
He probably bought a bit lower than you. I only buy what he's buying if I can get in near the daily low. I got out of the SLV call with about 12%.
Buy with the ladder
OK I am reading up on it. Thank you Shawn.
Hi Shawn, I am a newbie and am learning , I am sorry but I have no idea what 'Buy with the ladder' means.
Think or swim has a ladder for buying and selling when you hit active trader to the right of a chart. you will see what people (algos) are actually buying and selling for sometimes the bid spread is large.https://tlc.thinkorswim.com/center/howToTos/thinkManual/Trade/Active-Trader/AT-Entering-Orders.html
I want to order 100 oz silver this week....where are you guys getting your silver rounds? I'm looking @ JM but it's like15-20% markup right now on the rounds from spot price.
Expect a markup for physical bullion from all sellers. The markup is the price of owning the insurance instead of having the banksters charge you fees for creating unallocated ficticious claims.
Try bullion exchanges. Best prices all around I could find.
I'm making exactly the same trades but never make the same percentages as Greg. Is he using leverage
You are trading options right?
No...understand why now. Thanks greg.
The options are a leveraged trade vs. just buying the underlying stock. It's hard though to get the exact percentages since trade conditions are always changing.