I remember when the dotcom bubble went it was out of nowhere. If I remember correctly it went down like 400 points and recovered some of the losses into the close. But the days following that initial drop was a massacre.
Thanks Greg. Perhaps this will at least be a Big and long overdue correction. Maybe a 10% or 15% correction. I just don't think that TPTB will let the stock market collapse like in 2000. As you have stated many times ALL markets are rigged and especially stocks to the upside. According to Lindsey Williams' elite friend in late summer there is going to be a "Panic" and stocks are going to start to soar and heading over DOW 50,000 next year along with "Hyperinflation." So, stay tuned we'll see what TPTB have in store for stocks and most everything except Cryptos. Cryptos are in their own universe - Higher and Higher, much, much Higher.
Well said Greg I woke up and looked at this on CNN and went durgh!!! something is up. Thanks for doing another video and I am so pleased to be able to vote and spread a tiny bit of money around.
I'm skeptical, but I hope you're right Gregory. The manipulators have been good at defying the momentum and technicals when they want to prove they're still in charge.
Thanks Greg for the follow up report in cautioning us to where the the market is heading. Is this a prelude to the fed meeting coming up in a few days?
I think there is still some time before the bubble bursts for cryptos. Also just like the .com bubble there will be plenty of entities that make it out and thrive to become major institutions. The bubble bursting isn't a bad thing, it weeds out the weak.
Hey Greg good video ,
Its going to be interesting to see what happens with the big 5 in Nasdaq companies, Apple, Google, Microsoft, Amazon and Facebook if this turns into a correction .
With the amount's of Nasdaq ETF's being traded around the world, do you think it will help or hinder the volatility in these shares ?.
I could see it being more depending on selling rules of these etf's in regards to weighting , or
i could also see it being less with circuit breakers and the plunge protection team .
Anyway , here is a 20 year chart of the Nasdaq 100 , it didn't look too bad last time and it isn't completely vertical yet :) .
Thanks for posting your thoughts.
Upvoted and resteemed .
That what i'm waiting for! The final parabolic move on the upside... great simple chart, but it tells all we need to know! We're almost there, almost a the top, maybe 6 666 points for the nasdaq could be the top? nice work @tradetotravel for this simple but realistic chart.
I was watching the market yesterday and yes the selling was pretty hard and heavy in the nasdaq. I'm sure a lot of people got flushed out by selling. Returns in June are not historically great. I still see this market moving higher. Oil was my saving grace and pretty much offset my losses in other tech positions. As always thanks for the post Greg.
Something's gotta give / go first - why not tech ?! Thank you good sir for keeping eye on the financial ball as always ! @marketreport www.traderschoice.net
Hey Greg, when you open a straddle position, when do you know its time to close out one side? Do you have a certain percentage win/loss you go by?... Thanks!
It's impossible to know really. You won't get a valid answer cause without volatility it's a net net loss. Only time to place straddles are in high volatility environments, earnings, FOMC rate decisions etc. If a ticker goes sideways, without IV jumping there is no way to make substantial gains due to the losing side, and the fact that the underlying will likely reverse, causing net loss. If you were to get lucky and make gains after trade commissions, you might see 1-3%. Options are not priced for straddles to work or everyone would make money. It (the options chain) is just not set up that way. Then there are the Greeks to contend with. It's truly impossible..
I really don't think they will allow it to roll over, the fed has way too much credibility at stake. How can they ever justify rate hikes and admit they tightened into weakness?
This post has been ranked within the top 10 most undervalued posts in the second half of Jun 09. We estimate that this post is undervalued by $115.42 as compared to a scenario in which every voter had an equal say.
It's definitely a heads-up. Well, the tech sector did rebound a little bit later. My Elliott wave counts still indicates a 20% correction till S & P 2500. Let's see if it will walk out or not. Thanks, Greg.
Well if it is the beginning of the air being let out of the tech I hope it runs over to Crypto's and to be more specific Steemit! Lol. Thanks Greg and enjoy your weekend buddy you deserve a easy weekend!! DR
Curious which expiration did you use, what was the strike, IV, theta, delta. Reason I ask is cause I didn't see a huge move. It was less than 2%. I guess contract size would matter. How many shares were/are you holding?
Trying to figure out this straddle strategy that most of GM's followers are so hip to.
THANKS!!!!
Hey Chris. I'm new to following Greg's work. He offers some great info on his website traderschoice.net. Currently, I'm following his recommendations and letting him deal with IV and the greeks. As Greg suggests, I straddle with small contract sizes and see how they play out and then either add to and close out positions when the direction that the underlying stock is clearly evident. If you haven't checked out traderschoice.net, do so. Admittedly, I still have a lot to learn . Trade Well, my friend!
I'd love to see some proven trades (with date and time stamp) from his trading platform showing that his system works. I have in the past, without revealing my account size or account number.
Albeit the last trade I posted shows a minimum account size due to the margin requirement. It was a 15 large profit, but my percentage was 1. 89 % or so. However my goal isn't to boast or brag. Just that trading capital, and profitable trades following a video admitting getting beat down into being profitable on the trade says a lot.
Neither here or there, I looked up the trade y'all are in and back tested the trade. It should be flat to slightly negative.
That's why I love TOS. You can go back in time and see the trades, along with their performance. They keep the data on their servers as backtestimg is a good way to understand the underlying and how it trades in accordance with the chart.
There is a shit ton of knowledge out there. Just gotta know how to use it!
I wish you the best Steven.
Trade Well!
Chris
Very informative video. Followed!
I remember when the dotcom bubble went it was out of nowhere. If I remember correctly it went down like 400 points and recovered some of the losses into the close. But the days following that initial drop was a massacre.
Thanks Greg. Perhaps this will at least be a Big and long overdue correction. Maybe a 10% or 15% correction. I just don't think that TPTB will let the stock market collapse like in 2000. As you have stated many times ALL markets are rigged and especially stocks to the upside. According to Lindsey Williams' elite friend in late summer there is going to be a "Panic" and stocks are going to start to soar and heading over DOW 50,000 next year along with "Hyperinflation." So, stay tuned we'll see what TPTB have in store for stocks and most everything except Cryptos. Cryptos are in their own universe - Higher and Higher, much, much Higher.
check out my account
I love your work Greg. Thanks so much for having our backs!
Appreciate your wisdom and insight. Crypto may be a beneficiary this time - we'll see.
Well said Greg I woke up and looked at this on CNN and went durgh!!! something is up. Thanks for doing another video and I am so pleased to be able to vote and spread a tiny bit of money around.
Perhaps the bloodletting has begun then~
I'm skeptical, but I hope you're right Gregory. The manipulators have been good at defying the momentum and technicals when they want to prove they're still in charge.
Thanks Greg for the follow up report in cautioning us to where the the market is heading. Is this a prelude to the fed meeting coming up in a few days?
Wow. That just came out of nowhere. Really strange.
u can try to change the dynamics of markets, but u cannot change reality!!!
interesting article
Both the NASDAQ and S&P posted outside down bars on the day. Time to respect those lows. Good call. If lows taken out grab a parachute.
greg your awesome and thank you for all the updates
I think there is still some time before the bubble bursts for cryptos. Also just like the .com bubble there will be plenty of entities that make it out and thrive to become major institutions. The bubble bursting isn't a bad thing, it weeds out the weak.
Great video btw, just finished watching it!
@marketreport you may have called it. Count me in as a follower. https://steemit.com/news/@ace3do/tech-stocks-tumble-taking-down-nasdaq-as-big-names-sink-by-lewis-krauskopf
I think me buying QQQ calls this morning was the catalyst :)
Mabie its because i got more silver!
Flash crash the techs.
And oil didn't crash yet.
A bubble burst and late on a Friday out of no where? Thirty minutes left for the markets to be open. I wonder?????? Thanks Greg!!!
Hey Greg good video ,
Its going to be interesting to see what happens with the big 5 in Nasdaq companies, Apple, Google, Microsoft, Amazon and Facebook if this turns into a correction .
With the amount's of Nasdaq ETF's being traded around the world, do you think it will help or hinder the volatility in these shares ?.
I could see it being more depending on selling rules of these etf's in regards to weighting , or
i could also see it being less with circuit breakers and the plunge protection team .
Anyway , here is a 20 year chart of the Nasdaq 100 , it didn't look too bad last time and it isn't completely vertical yet :) .
Thanks for posting your thoughts.
Upvoted and resteemed .
That what i'm waiting for! The final parabolic move on the upside... great simple chart, but it tells all we need to know! We're almost there, almost a the top, maybe 6 666 points for the nasdaq could be the top? nice work @tradetotravel for this simple but realistic chart.
Nikky xx
Thanks for the comment, would be an ominous number 6666 wouldn't it ? .
Or it might only count for 666 :) .
I was watching the market yesterday and yes the selling was pretty hard and heavy in the nasdaq. I'm sure a lot of people got flushed out by selling. Returns in June are not historically great. I still see this market moving higher. Oil was my saving grace and pretty much offset my losses in other tech positions. As always thanks for the post Greg.
upvoted and resteemed, this is important work! Thanks Greg!
Robert Kiyosaki is warning about bubble burst to.
Time will tell if this was just a daily drop or if this is the start of a trend.
I think I am getting in the swing of things now and am enjoying it more and more. Thank you for all your information you are most helpful 😍🕉
Janet and her Keynesian friends won't let that happen. Not this time! Patience, my friend, patience! Cheers!
Something's gotta give / go first - why not tech ?! Thank you good sir for keeping eye on the financial ball as always ! @marketreport www.traderschoice.net
God, Its about time! When is this whole pile of manure going to revert to its honest value!
Sometimes your videos burst outta nowhere and take people by surprise.
Keep up thr good work.
Popping the soap bubbles? I am really concern...
I don't think you was referring to soap bubbles .🤔
great post! keep them coming.
Hey Greg, another big thank you for all your hard work. Hope you have a great weekend!
Thanks again for the timely info!
Direction in the next 30 mins will be interesting.
Hey Greg, when you open a straddle position, when do you know its time to close out one side? Do you have a certain percentage win/loss you go by?... Thanks!
It's impossible to know really. You won't get a valid answer cause without volatility it's a net net loss. Only time to place straddles are in high volatility environments, earnings, FOMC rate decisions etc. If a ticker goes sideways, without IV jumping there is no way to make substantial gains due to the losing side, and the fact that the underlying will likely reverse, causing net loss. If you were to get lucky and make gains after trade commissions, you might see 1-3%. Options are not priced for straddles to work or everyone would make money. It (the options chain) is just not set up that way. Then there are the Greeks to contend with. It's truly impossible..
What do you bet the PPT comes in and buys the dip? They can't let this crash.
I have written few things about that
https://steemit.com/economics/@worldfinances/dot-com-bubble-20
Surprise surprise. The Plunge Protection Team have sprung into action.
I watched this over on YouTube to save Steemit bandwidth, every little helps.
Yes, thinking this could be a drop beginning. Thanks Greg.
Fogdog.com part 2! lol.
I really don't think they will allow it to roll over, the fed has way too much credibility at stake. How can they ever justify rate hikes and admit they tightened into weakness?
Thanks for the update better than CNBC.
Thanks for the update. Better than CNBC.
This post has been ranked within the top 10 most undervalued posts in the second half of Jun 09. We estimate that this post is undervalued by $115.42 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 09 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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i dont understand, are you saying to go buy tech stock companies or crypto coins? or to stay away?
also you said yuuge ahahah - sorry
It's definitely a heads-up. Well, the tech sector did rebound a little bit later. My Elliott wave counts still indicates a 20% correction till S & P 2500. Let's see if it will walk out or not. Thanks, Greg.
Well if it is the beginning of the air being let out of the tech I hope it runs over to Crypto's and to be more specific Steemit! Lol. Thanks Greg and enjoy your weekend buddy you deserve a easy weekend!! DR
These tech companies have so much money will they still be able to move the market in their favour?
soooo glad I took your advice and bought the straddle of QCOM!! Thanks Lion King!
Curious which expiration did you use, what was the strike, IV, theta, delta. Reason I ask is cause I didn't see a huge move. It was less than 2%. I guess contract size would matter. How many shares were/are you holding?
Trying to figure out this straddle strategy that most of GM's followers are so hip to.
THANKS!!!!
Trade Well!!!!
Chris
Hey Chris. I'm new to following Greg's work. He offers some great info on his website traderschoice.net. Currently, I'm following his recommendations and letting him deal with IV and the greeks. As Greg suggests, I straddle with small contract sizes and see how they play out and then either add to and close out positions when the direction that the underlying stock is clearly evident. If you haven't checked out traderschoice.net, do so. Admittedly, I still have a lot to learn . Trade Well, my friend!
I'd love to see some proven trades (with date and time stamp) from his trading platform showing that his system works. I have in the past, without revealing my account size or account number.
Albeit the last trade I posted shows a minimum account size due to the margin requirement. It was a 15 large profit, but my percentage was 1. 89 % or so. However my goal isn't to boast or brag. Just that trading capital, and profitable trades following a video admitting getting beat down into being profitable on the trade says a lot.
Neither here or there, I looked up the trade y'all are in and back tested the trade. It should be flat to slightly negative.
That's why I love TOS. You can go back in time and see the trades, along with their performance. They keep the data on their servers as backtestimg is a good way to understand the underlying and how it trades in accordance with the chart.
There is a shit ton of knowledge out there. Just gotta know how to use it!
I wish you the best Steven.
Trade Well!
Chris