Hi Gregory, I just got this update and there is no 40 calls only 39. Does it drop? If so do I pick the one that is closest to your trade or just let it go? Thanks.
Don't buy anything other than What Greg tells you unless you are an experienced trader! But the exact calls he tells us to and as close to the timing as possible. Pay attention to when he send us the alerts.
It is safe to assume that when he adds, he expects there to be more upside. I suspect he trades in quite high volumes so has lots of room to buy and sell contracts. Pay attention to when he first posted the position too and compare that to the contract price at the time (in case you're late on any of the positions) that helped me at first to still enter some of the older positions.
Remember - Don't go all in at the first chance. For example, buy only 50% of the position to begin with and then watch where the price goes over time (sometimes several days). If it goes down, buy a little more to average down your price.
Take it slow to begin and consider even using a paper trading account for like a week or two to get the hang of it.
You can look at the past price of an option contract? ie: Greg buys at 9AM, I'm looking to buy an hour and a half later. I can see what the contracts were going for at 9AM?
Look - they wanted 100+ trades per year too but I had zero under my belt. Was a total newbie before starting... They do that to either protect people or as a scare tactic to keep inexperienced people out.
I'm not recommending you do anything reckless here but I was clearly was not 100% honest in my application to IBKR.
Please do take the time to watch Greg's tutorials and never put up more than you're willing to lose until you get the hang of it.
It's a chicken-egg situation - you need to have access to options to get exp.
Can I use Robinhood App living in the UK? 🇬🇧
Is there a good UK trading app similar to Robinhood?
Thanks, Ali
Thank you very much for all your help, appreciate it.
Was wondering how to close option position? Using the Robinhood App
Buy to open, sell to close.
Thanks for the tip Greg, I'll keep that in mind.
Hi Gregory, I just got this update and there is no 40 calls only 39. Does it drop? If so do I pick the one that is closest to your trade or just let it go? Thanks.
Don't buy anything other than What Greg tells you unless you are an experienced trader! But the exact calls he tells us to and as close to the timing as possible. Pay attention to when he send us the alerts.
Suppose he's adding to a position that I'm not in- should I just open it when he adds?
It is safe to assume that when he adds, he expects there to be more upside. I suspect he trades in quite high volumes so has lots of room to buy and sell contracts. Pay attention to when he first posted the position too and compare that to the contract price at the time (in case you're late on any of the positions) that helped me at first to still enter some of the older positions.
He has an old Youtube channel where he teaches options - could be useful. https://www.youtube.com/channel/UCh-7La1nAYq5n_kv1N_PnPg
Remember - Don't go all in at the first chance. For example, buy only 50% of the position to begin with and then watch where the price goes over time (sometimes several days). If it goes down, buy a little more to average down your price.
Take it slow to begin and consider even using a paper trading account for like a week or two to get the hang of it.
Good luck!
You can look at the past price of an option contract? ie: Greg buys at 9AM, I'm looking to buy an hour and a half later. I can see what the contracts were going for at 9AM?
Thinkorswim will let you see past prices but you are wasting your time.
Why am I wasting my time?
I'm not sure if I can go in at all. I'm on Interactive Brokers and the dicks require a $100,000 annual income to trade options.
Hey, maybe Robinhood has lower hurdles... shop around a little.
I'm limited to IBKR, stuck in Communist Canada.
Look - they wanted 100+ trades per year too but I had zero under my belt. Was a total newbie before starting... They do that to either protect people or as a scare tactic to keep inexperienced people out.
I'm not recommending you do anything reckless here but I was clearly was not 100% honest in my application to IBKR.
Please do take the time to watch Greg's tutorials and never put up more than you're willing to lose until you get the hang of it.
It's a chicken-egg situation - you need to have access to options to get exp.
Thank you very much, appreciate it.
You should have it there, it's just a presentation thing. Depends on what brokerage platform you are issuing... Look for the # Strikes to display.
Thank you very much, appreciate it.