How does that coincide with "Lions, I vastly increased my position in DASH. I bought heavily at $153" Which is down from $350 a few days ago. Is it because the bottom was hit and it's trending higher now? Also saying "If an asset is trading lower, generally it is doing so for a reason" as a hard-fast rule contradicts dollar cost averaging, which is what you are doing with DASH? I agree with not trying to pick bottoms, but it was an odd alert after the DASH alert.
I'm still a "newbie" but I want to share here what destroyed my whole "options" trading allocation. My account is down 30% in just 6 weeks.
Lions IMO you need a stop loss anyway (and a programmed price target for selling). No-one can really be sure of a trend and trends change ... don't hang on to your trade because you don't like being wrong.
For example, BABA was up, up up and cratered just after having been cried out as "a buy here" (at the top).
Somethings WRONG with SocGenerale. My Silver Call Option (Optionsschein) I have in mind to buy lost 41 % @ SocGeneal-Market and 100 % on Frankfurt market. /// 27.5USD/Sep2021
I usually watch the dow loser list on Varney in the morning. They usually overshoot to the downside and bounce the next day. Especially if its a big drop. Just something that works for me.
Agree. Am talking about a kind of buy the dips strategy. I always try to fish the bottom of a correction. Not to buy too early and not too late. Am following your advice to buy 6 month ITM-Calls , so when i am sucessful, good. If not I always keep some powder dry to buy a second position cheaper. Thank you for you service, Greg, you're the man.
I've parted ways with most of those tech stocks. I just couldn't profit from it. Perhaps Greg did. Only MSFT and sometimes FB were ever winners for me. I've had such good luck with SPY & USO I don't think I'll expand my horizon too much.
But I guess I need to remember this account I use is for trading not long term investing. So any % for a gain is good. Then I'll transfer it to my growth and other accounts for long term storage.
Just have to remember to sell the gains, don't wait. Then repeat. Don't hold waiting for more.
I know. I'm sitting on 40% gains in SPY right now. Do I sell them? Don't expire until Oct. Many folks think the market will only continue to gain. Last time I waited, Feb 21 hit and everything tanked... I've got a 20% profit in Gregs MSFT. Do I sell? Where do I see this trend to know when it's over? I still have more to read, perhaps it's in his book I don't have time for, lol.
How do you gauge when to sell higher? Is there a chart to know the top or you just pick a %?
How does that coincide with "Lions, I vastly increased my position in DASH. I bought heavily at $153" Which is down from $350 a few days ago. Is it because the bottom was hit and it's trending higher now? Also saying "If an asset is trading lower, generally it is doing so for a reason" as a hard-fast rule contradicts dollar cost averaging, which is what you are doing with DASH? I agree with not trying to pick bottoms, but it was an odd alert after the DASH alert.
It's almost like Greg has no clue what he's talking about. Weird, I know
Well said. Appreciate the reminder.
I'm still a "newbie" but I want to share here what destroyed my whole "options" trading allocation. My account is down 30% in just 6 weeks.
Lions IMO you need a stop loss anyway (and a programmed price target for selling). No-one can really be sure of a trend and trends change ... don't hang on to your trade because you don't like being wrong.
For example, BABA was up, up up and cratered just after having been cried out as "a buy here" (at the top).
Same for PYPL and INTC.
Somethings WRONG with SocGenerale. My Silver Call Option (Optionsschein) I have in mind to buy lost 41 % @ SocGeneal-Market and 100 % on Frankfurt market. /// 27.5USD/Sep2021
Here it ison their own website
https://www.sg-zertifikate.de/product-detail?productId=1107522
daily chart of the "Optionsschein"
https://ibb.co/vJFq9yJ
Try to buy it now for nearly nothing. Not working. Will try harder.
I usually watch the dow loser list on Varney in the morning. They usually overshoot to the downside and bounce the next day. Especially if its a big drop. Just something that works for me.
fishing bottoms is much easyer than hitting highs.
Over the long run, traders who attempt to pick bottoms generally lose...
Agree. Am talking about a kind of buy the dips strategy. I always try to fish the bottom of a correction. Not to buy too early and not too late. Am following your advice to buy 6 month ITM-Calls , so when i am sucessful, good. If not I always keep some powder dry to buy a second position cheaper. Thank you for you service, Greg, you're the man.
Think, Dow and S&P now down again.
I've parted ways with most of those tech stocks. I just couldn't profit from it. Perhaps Greg did. Only MSFT and sometimes FB were ever winners for me. I've had such good luck with SPY & USO I don't think I'll expand my horizon too much.
But I guess I need to remember this account I use is for trading not long term investing. So any % for a gain is good. Then I'll transfer it to my growth and other accounts for long term storage.
Just have to remember to sell the gains, don't wait. Then repeat. Don't hold waiting for more.
Yup. Happens to me. Dang if you do, dang if you don't. Murphys law...
I remember selling HD for 20% gain, then watched it climb to 60% over the next week if I had of kept it.
That's why I'm wondering if there is some special tool or screen that shows these trends Greg talks about. Perhaps it's just gut instinct..
I know. I'm sitting on 40% gains in SPY right now. Do I sell them? Don't expire until Oct. Many folks think the market will only continue to gain. Last time I waited, Feb 21 hit and everything tanked... I've got a 20% profit in Gregs MSFT. Do I sell? Where do I see this trend to know when it's over? I still have more to read, perhaps it's in his book I don't have time for, lol.
Yeah. I think I will. Every time I wait another day, it's down 20%.... lol