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Orange County 2021
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Mentor Mike
4:16
Replay should be ready Monday or Tuesday!  Thanks for joining us!
CARLOS
4:16
Tks. Mike , Preston and everybody. PLs let us know when you will be posting the stuff. Have great weekend. Regards, C
Guest
4:15
Thanks
J McCathern
4:14
Great Job!!!! Come to SC next time!!! Thanks.
Guest
4:14
thank you all so much - great event
Mark
4:14
THanks Everyone, great session.
Mentor Mike
4:11
All good!  Lots of changes in the brokerage world the last 5 years!
Dan
4:11
Oops. Thought it was Etrade.  Thanks
Mentor Mike
Maggie and Brandon like Think or Swim
4:09
OptionsXpress actually ended up at Schwab.  Preston and I still use their platform... it is called Street Smart Central in Schwab
Dan
4:08
Which platform do you guys prefer to trade options with?  Just signed up with Etrade mainly because I used to trade with Options Express years ago and Etrade is the company that ended up with their assets as I understand it.  thanks
Chuck
4:08
Still a lot to learn.  Thanks all of you.
Mentor Mike
4:08
I can answer that... Brandon gets on and answers those questions once or twice a week.  If it is a question similar to one that has been recently asked/answered then he might not answer it again, but he tries his best to get to most of the questions in reason!  (if you ask him to analyze 5 positions or something wacky that obviously isn't what the Forum was intended to be.  :-)  )
Guest
4:06
Please ask for me:   With reguards to the Forum online, there are tons of questions that seem never to get answered.   What is the rmost effective way to use the Forum?
Mentor Mike
4:05
Sometimes it can come down to some timing and what positions you are choosing.  As Preston showed earlier, his 10k account he started with the Small Account Mastery Series has been up 67% to 71% through the end of this week... he started trading that account about 7 weeks ago.
Chuck
4:04
Even though I am a nube, I have had some good weeks, but only slight gains overall 14 weeks
Mentor Mike
4:03
Yes that can have an influence in certain situations... not anything we worry too much about though
Guest
4:03
Doesn't high options volume can cause a short squeeze, since market makers like to stay neutral and then buy stock to cover their long delta, that increases supply and demand and then it jumps the price
Mentor Mike
4:02
Maggie might, Preston and I don't use TOS
Guest
4:01
So you do not use the call sizzle metrics on think or swim ?
Chip
4:01
Yup - I was down a little this week too guys....
Craig
3:57
Well said Mike.  I have my share of good weeks as well.
Chuck
3:57
Ok thanks, I am a little comforted
Mentor Mike
3:56
I know my account will always ebb and flow... going to climb higher and pull back.  Climb higher, then pull back.  I just want to see the highs getting higher and the lows getting higher... (just like a nice trending stock chart... there will be pullbacks along the way)
Craig
3:55
No. Tough week for me too
Guest
3:55
Chuck, you are not alone - learning to manage trades, when to enter, when to exit is a leraning experience
Mentor Mike
3:55
It just depends on how your account was balanced... the "small account" had some growth this week, but his "WOW Insider" account (and mine personally) had a little drop.
Chuck
3:54
The market had a rough week and so did I.  Not horrible but not fun either.  Was I alone.?
Mentor Mike
3:52
We are rolling again!  A little bit more Q&A and wrap up
3:39
Short break then we will wrap up with some Q&A!
3:38
Every trader is different, but anywhere from 5 to 25 is usually where people are comfortable.  I always recommend getting some trades going, then slowly build up from there.  Once you feel overwhelmed on Friday trying to adjust all your positions you know you can dial it back for a bit.
Guest
3:37
How many trades are you doing at a time?
Guest
3:34
Thanks Lee for sharing
Mentor Mike
3:34
Absolutely!!  We sure love helping people learn this fun stuff!
Guest
3:33
Always insightful Mike thank you for everything
Mentor Mike
3:31
That one explodes with a market correction then usually drops right back down... it wouldn't be great movement for a Money Press at all
3:30
VXX is one we would definitely avoid!
Guest
3:30
But vxx a money press it can be dead and overnight go explosive I would not even try I might be wrong, but for vxx you need to be right on the direction and the timing very difficult in a sentiment that changes from news\ events too random for me.
Mentor Mike
3:27
Yes we will get his slides and post them for download along with the other files
Guest
3:27
would Lee share his ETF list he whittled it down to with us?
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