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Orange County 2021
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Mentor Mike
3:20
It is a little more volatile for sure... better premiums, but more erratic for sure.  The benefit of an ETF is that it doesn't have the same volatility as one individual stock.
Guest
3:19
I would not feel TQQQ is right for a money press as it can be too erratic
Mentor Mike
3:09
I will get these files from Maggie/Lee and we will get it posted to download along with the other files on the Replay Website
CARLOS
3:08
where can I find the  MP trade journals? Tks Mike
Guest
2:55
Go Lee !   You Rock !
Mentor Mike
2:33
LOL!!
J McCathern
2:33
I am raing my mumsie hand!
Mentor Mike
2:30
About to start up again... Lee is ready to rock!
2:17
The book Preston mentioned was Nicolas Darvas, How I Made $2 Million in the Stock Market
Lee will be up next after Preston wraps up this segment!
2:04
Because our call strike price is so deep in-the-money, we don't have really any time value left in those... so we aren't in our usual hurry to close it in the last 30 days.  BUT... yes, we will think about adjusting it out further in time or just close it down in the next couple weeks.
Guest
2:03
As we get closer to the PYPL expiration, (7/16/21)  would you think about rolling further out?
Mentor Mike
1:48
Walk limit is a tool in Schwab's Street Smart Central... it automatically adjusts your limit order until you get a fill.  Great tool for Schwab users!
CARLOS
1:47
what is a walk limit?
Kevin
1:26
just love that walk limit.  I got $700!
Mentor Mike
1:11
Yes... he is selling the 41 put
Guest
1:11
There is a typo on the WOW GRWG update.  what strike are we selling?
Mentor Mike
1:11
We are live again!  Stream/audio should be coming through!
1:07
Yep exactly... we consider it for any trade or strategy we are in
Guest
1:07
hey mike, I assume the 30-day rule applies to both money press trades and calls/call spreads?
Mentor Mike
1:06
He just emailed out all the updates!
Guest
1:06
Are you sending Wow Alerts today ?
Mentor Mike
11:59
Yes you can always sell some calls against the call buy to bring down the debit/cost
Jeff N
11:58
A Call Debit Spread would make it affordable for people with smaller accounts to participate in the ADBE trade
Mentor Mike
11:58
I think at the break here soon Preston will send out all of his trade adjustments in an email
Guest
11:58
Will we get email adjustments soon since you guys are in California time but market still close eastern time?
Mentor Mike
11:55
That's when we would close the trade... it is showing that weakness and that the trend is potentially ending so we'd close out our trade at that 30-Day Low
bob
11:55
what do you do with a 30day low
Mentor Mike
11:51
He is looking at GS right now to show this 30-day Low example
Guest
11:50
what stock is he on?
CARLOS
11:50
on ADBE
Mentor Mike
11:46
It was the October 545 call option
danpeterson3305@me.com
11:46
what call did he buy?
Mentor Mike
11:46
Nicely done!!
Kevin
11:46
30 day low
Mentor Mike
11:46
You could use a walk limit there... with so much volume on those options you can usually just go limit and get a quick fill
Ralph
11:45
I love the walk limit order type
Mentor Mike
11:07
We will get the files and post them on the Replay Website so you can download them there.
Dave
11:07
As a live stream attendee where can we obtain the handout materials referenced by both Maggie and Brandon?  (i.e.: trading journals, trading rules, etc.)  Thank you
Mentor Mike
11:06
We laugh about it every time... it's about 90% accuracy, live event = market pullback.  Lol
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