Love this trade and there's definitely more upside... Been playing AGQ (Ultra Silver ETF) calls and am up 470% on it overall. I usually like to lock in gains by selling the increase after it goes up and keep my original investment making money over and over, which limits the downside if the trade goes south on me.
No, I usually just go all cash (sell the position) if I think the market will go down instead of trying to time the market's ups and downs. In the past i've tried to time the market's movements and nearly every time I got it wrong and lost money. Going all cash ensures you won't lose money during a time of uncertainty and if the market drops you'll be ready to buy the stocks when they're on sale.
So you will sell if it's going south? I'm learning so I don't know if I should hang onto stuff that is just been in the red for months like XLE, eBay, Cisco, INTC. And then just maybe use that money to make money elsewhere and then buy back at a lower rate if I really want to stay in the trade
If I believe in a trade (like SLV or AGQ the general trend is up and with the FED printing money by the trillions it's likely going to keep going up)... I don't usually sell if it's going south, I average down (aka "finessing" a position). So finessing a position would look like this: I would start with a buy of $25-50k initially (50% of what my max investment in it would be). If it goes down, I'll usually average down my buy price by buying 25% more (25k). So I'm in it $75k at a better price. If it drops again another 10-20%, (and FED policy is still printing money) then I'll add another 25k as my last investment into the position. This gets me a good average price down and when it pops back up I'll make even more on the upside when it goes back up.
If you're lucky and your initial investment goes up right off the bat, then enjoy the ride. If it's consistently going up, and news is good all the way around, you may want to consider adding to the position as it goes up. Like Greg said, it's not about buy low sell high, it's about buying high and selling higher. We're not bottom feeding in this environment... the market, gold, silver, crypto are all trending up, so the name of the game is buy the dip when stocks go on sale.
The biggest rookie mistakes in reference to a single trade are; 1. blowing your stack on the first buy and not having any dry powder to work with if you pick the wrong entry point. 2. Doing market orders instead of limit orders on options (you're overpaying by 10% at least if you do this). Make sure your Buy to Open limit order is the "last trade price" not the "Ask price." 3. Patience. Stick with your plan and don't panic. Sometimes stocks go up quick and sometimes they don't. Greg has several positions that are down from the purchase but he's averaged down and so it will be easy for him to get back to profitability when they do eventually go up. If as stock gets stuck down and doesn't look like it's coming back, time is money, especially in a strong bull market, so eventually you'll need to take the loss and put that money to better use somewhere else. There's nothing wrong with this. I've had 1/10 of my trades lose 10-15% of my investment, but the ones that work have been grand slams. Take your strikeouts like a man/woman and get back up to bat and swing again.
GREG, GREAT CALL on SLV, when Greg said buy SLV was down slightly, and then jumped higher like a porpoise 5 times higher and higher each times!!! INCREADIBLE!!! Its making a move down now so that was perfect timing!!!
Hahaha. I'm talking about a / my longtrade in GermanDAX30 index, the "GermanDowJones" . Said we will see a rallye, my target are >14000points, actually @ 13200, yesterday when I posted was @ about 13070. My name for DAX30 ist DramaQueen because it's really a "Diva".
Can someone help me out here? I’m looking to make small trades based on Greg’s calls but I don’t see where these gains are coming from. Today SLV only peaked at a 4% daily gain so I’m confused how everyone is gaining more. Are Greg and others mainly doing leverage trading? Or am I missing out on quick passing wicks in the price when using consumer trading apps?
I know with schwab you need to be approved first for option trading. Easy peasy. After that there are Youtube videos to teach you how. I'm not ready to part with my SLV yet. Bought it in January. fingers crossed.
Most people are using options which are leveraged positions. If you see anyone that gains significantly more than Greg either they bought it at a much lower price or they picked expiration dates that are much shorter so the option was cheaper.
Most of Greg's trades are not day trades, it's actually rare but it does happen. Robinhood works fine for Greg's trades as I've used it all summer and in some ways it can be less costly than other brokers, some ways not too! yet it seems Robinhood eats the exchange fees that'd you'd get from other broker platforms so it's very viable and has served my entry into options via Greg's trades very nicely. These are traditional Call options so it's very simple, easy tom learn and easily exercisable. Again his day trades are maybe 1 in 12 if that! So your good to go!
I meant to say trades are easily "executed" on Robinhood, I'm not excerising any options just buying the call via his notification, close the call (sell) at the right time (whatever profit/time you chose) which I've doing doing too soon as most these trades are really set up to ride a bit and Greg will give you the notice when he sells. It's beyond anything for novices like us, support Greg by any means necessary as he's the real deal in helping people out!
That's correct. Some/most? trades are daytrading. Check for example Google: options trading tutorial. You will see if it's something for you. I am trading so called "Optionsscheine" or "Hebelzertifikate". /Germany/ Not fair products, but easy to handle, but I don't think that they are available in the U.S.A. Everybody have to find his way/style of trading. I am an investor /stocks & physical Gold&Silver/ and a Trader holding positions days or weeks. Only sometimes I'm involved in daytrading.
I actually just looked into what option trading is and all of Greg’s calls make much more sense to me now. Will do more research via your suggested google search, thanks!
Hello 👋 Zio, I come from Luxembourg and I have been following GM analytical way! I do not have online broker yet! Would you please give me any useful information for my real startup trading account, because in the past 10 years I only experienced Forex trading, which was unsuccessful! My email: janidanijel@gmail.com. Thank you in advance for any assistance!
Love this trade and there's definitely more upside... Been playing AGQ (Ultra Silver ETF) calls and am up 470% on it overall. I usually like to lock in gains by selling the increase after it goes up and keep my original investment making money over and over, which limits the downside if the trade goes south on me.
do you buy puts too?
No, I usually just go all cash (sell the position) if I think the market will go down instead of trying to time the market's ups and downs. In the past i've tried to time the market's movements and nearly every time I got it wrong and lost money. Going all cash ensures you won't lose money during a time of uncertainty and if the market drops you'll be ready to buy the stocks when they're on sale.
How long will you wait before you determine that your trade is going south and you need to exit it?
So you will sell if it's going south? I'm learning so I don't know if I should hang onto stuff that is just been in the red for months like XLE, eBay, Cisco, INTC. And then just maybe use that money to make money elsewhere and then buy back at a lower rate if I really want to stay in the trade
If I believe in a trade (like SLV or AGQ the general trend is up and with the FED printing money by the trillions it's likely going to keep going up)... I don't usually sell if it's going south, I average down (aka "finessing" a position). So finessing a position would look like this: I would start with a buy of $25-50k initially (50% of what my max investment in it would be). If it goes down, I'll usually average down my buy price by buying 25% more (25k). So I'm in it $75k at a better price. If it drops again another 10-20%, (and FED policy is still printing money) then I'll add another 25k as my last investment into the position. This gets me a good average price down and when it pops back up I'll make even more on the upside when it goes back up.
If you're lucky and your initial investment goes up right off the bat, then enjoy the ride. If it's consistently going up, and news is good all the way around, you may want to consider adding to the position as it goes up. Like Greg said, it's not about buy low sell high, it's about buying high and selling higher. We're not bottom feeding in this environment... the market, gold, silver, crypto are all trending up, so the name of the game is buy the dip when stocks go on sale.
The biggest rookie mistakes in reference to a single trade are; 1. blowing your stack on the first buy and not having any dry powder to work with if you pick the wrong entry point. 2. Doing market orders instead of limit orders on options (you're overpaying by 10% at least if you do this). Make sure your Buy to Open limit order is the "last trade price" not the "Ask price." 3. Patience. Stick with your plan and don't panic. Sometimes stocks go up quick and sometimes they don't. Greg has several positions that are down from the purchase but he's averaged down and so it will be easy for him to get back to profitability when they do eventually go up. If as stock gets stuck down and doesn't look like it's coming back, time is money, especially in a strong bull market, so eventually you'll need to take the loss and put that money to better use somewhere else. There's nothing wrong with this. I've had 1/10 of my trades lose 10-15% of my investment, but the ones that work have been grand slams. Take your strikeouts like a man/woman and get back up to bat and swing again.
CSCO catching a small bid UP!!! Maybe just Maybe get to cash it in this week!!!
Its got a nice yield I may hold on to mine. It was a nice entry point.
GREG, GREAT CALL on SLV, when Greg said buy SLV was down slightly, and then jumped higher like a porpoise 5 times higher and higher each times!!! INCREADIBLE!!! Its making a move down now so that was perfect timing!!!
Wow, Thanks Greg I closed SLV calls for 21.8% gains!!! I rode that last wave up and I looks like it may go higher, but this is good profit for me!!!
Remember? You liked that DramaQueen-post:
Zio Aug 25
Good time to start a rallye in German DAX30
Yea Zio, I liked your post but I'm not sure what you are talking about, and I thought you were trying to be funny. lol
Hahaha. I'm talking about a / my longtrade in GermanDAX30 index, the "GermanDowJones" . Said we will see a rallye, my target are >14000points, actually @ 13200, yesterday when I posted was @ about 13070. My name for DAX30 ist DramaQueen because it's really a "Diva".
Cool, I see now thanks!!!
(my) target @>14000.
Closed 2 of my calls for 7% plus profit. Cool.
Added a nice 12% Gain. Thank You Greg!!! Great Call as Always!
Congratulations Mr. GM. You are really a hungry hunting Lion.
My DramaQueen is running. Nice.
Can someone help me out here? I’m looking to make small trades based on Greg’s calls but I don’t see where these gains are coming from. Today SLV only peaked at a 4% daily gain so I’m confused how everyone is gaining more. Are Greg and others mainly doing leverage trading? Or am I missing out on quick passing wicks in the price when using consumer trading apps?
I know with schwab you need to be approved first for option trading. Easy peasy. After that there are Youtube videos to teach you how. I'm not ready to part with my SLV yet. Bought it in January. fingers crossed.
I'm going to ride this recent SLV contract for a while- after all, silver is supposed to go up, right?
Most people are using options which are leveraged positions. If you see anyone that gains significantly more than Greg either they bought it at a much lower price or they picked expiration dates that are much shorter so the option was cheaper.
I see... I’ve recently started to buy a few small positions on Robinhood and it seems like these quicker trades that Greg makes may not be for me?
Most of Greg's trades are not day trades, it's actually rare but it does happen. Robinhood works fine for Greg's trades as I've used it all summer and in some ways it can be less costly than other brokers, some ways not too! yet it seems Robinhood eats the exchange fees that'd you'd get from other broker platforms so it's very viable and has served my entry into options via Greg's trades very nicely. These are traditional Call options so it's very simple, easy tom learn and easily exercisable. Again his day trades are maybe 1 in 12 if that! So your good to go!
I meant to say trades are easily "executed" on Robinhood, I'm not excerising any options just buying the call via his notification, close the call (sell) at the right time (whatever profit/time you chose) which I've doing doing too soon as most these trades are really set up to ride a bit and Greg will give you the notice when he sells. It's beyond anything for novices like us, support Greg by any means necessary as he's the real deal in helping people out!
thank you for clarification.
That's my mantra:
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
The Gambler: https://www.youtube.com/watch?v=MN1AtzLrW4Y
That's correct. Some/most? trades are daytrading. Check for example Google: options trading tutorial. You will see if it's something for you. I am trading so called "Optionsscheine" or "Hebelzertifikate". /Germany/ Not fair products, but easy to handle, but I don't think that they are available in the U.S.A. Everybody have to find his way/style of trading. I am an investor /stocks & physical Gold&Silver/ and a Trader holding positions days or weeks. Only sometimes I'm involved in daytrading.
I actually just looked into what option trading is and all of Greg’s calls make much more sense to me now. Will do more research via your suggested google search, thanks!
Hello 👋 Zio, I come from Luxembourg and I have been following GM analytical way! I do not have online broker yet! Would you please give me any useful information for my real startup trading account, because in the past 10 years I only experienced Forex trading, which was unsuccessful! My email: janidanijel@gmail.com. Thank you in advance for any assistance!
Hello Jani Danijel,
will mail you some advice on the weekend. What are you looking for? Option Trading or Knock-Outs/Optionsscheine or CFD? Do you speak german? zio.