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Orange County 2021
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JS
11:06
I love these events, but it never fails that the market is down on the week Preston has a live event. He is consistent.
Mentor Mike
10:35
Taking about a 10 minute break then Preston will be up!
10:10
It is in her brokerage platform, Think or Swim
DS
10:10
What site is this that Maggie used for her watch list?
Mentor Mike
10:03
It is where she buys a directional put to trade a couple day bearish move
scott
10:03
what is a princess trade?
Mentor Mike
9:46
In this example she is buying a put thinking it might pull back slightly... then she can convert that to a Money Press if she likes the setup.  So she usually is buying that put a few months out in time.
danpeterson3305@me.com
9:45
How far out does Maggie usually go on her swing trade puts/calls??
Mentor Mike
9:39
Yes Preston will spend time today going over some of our positions and management of them.  He most likely won't go over all of them, but at least a couple examples.  (we will also send out the WOW Insider emails with all of the adjustments like usual)
Bill Ikard
9:38
Good morning...I am very new to this and have about 6 positions....Call Spreads and Money Presses....are we going over and when today are we rolling the weekly...what prices ect...Thank You
Mentor Mike
9:15
I've got a note to get the files from her and we can post them along with the Replay videos
bob
9:15
will the online students get the flash drive contents from Maggie?
Guest
9:15
This activity by Maggie has been excellent.  Weekly in her head visits!!
Mentor Mike
9:14
You can close out both the long and the short (take the profit) and wait to re-enter if you see the right time.  You can also buy to close the sold call and roll it out to next week, taking a little loss on the short side, but still have the nice gain to protect in the long call.  Hope that helps!  (lot to try answer on that over chat)
Scott
9:12
I have a question about the PINS trade. The short call expires today, in the money. How do I roll this? If I keep it the same strike at  72.50, my delta is flipped. However, my 65 long has a delta of .7081. Do I need to roll both the short and long to make sure my short delta is higher than the long delta?
Dan Harvey
9:12
IRAfinancialTrust.com will help you set up a IRA/LLC with checkbook control.  Great people to work with.
Mentor Mike
9:09
The way to grow it tax free is getting it setup with ROTH IRA status
Guest
9:09
I just chimed in . does this work with an standard IRA not ROth?
Mentor Mike
9:08
I believe it is Kingdom Trust... the Tennessee company that helps with this trustee account
Guest
9:08
joined a little late what is the KT stand for on Maggie's whiteboard?
Mentor Mike
9:07
We did a Portfolio Margin webinar series last year... we will probably do another series this year, just need to hear the word from Preston!
Jeff N
9:05
Do you guys have training on the Dynamic Collar? Adding PM is a game changer ...
Mentor Mike
9:03
(You may need to refresh your browser window if you aren't seeing the feed)
9:02
It is a lot of video to render and upload, but we will get working on it over the weekend ASAP!  Hopefully will have it all turned around in a few days
Alex
9:01
Missed most of yesterday other than a little part of Brandon, when will the recording be available?
*** Friday, June 18 ***
Mentor Mike
5:34
Thanks everyone!  Appreciate you being here and the participation!  See you tomorrow starting at 8 AM Pacific Time!
Bob
5:33
thanks
Christopher
5:33
Man that was EPIC!
Mentor Mike
5:25
Yes correct... because we are buying the option out in time it experiences very little time decay.  As the stock moves up, you lose some on the protection as it loses value, but not as much as you make on the weekly sold put.
Nathan B.
5:24
I guess it has to do when we sell the long put? It retains value much more than a lower strike put. Is that the reason?
Mentor Mike
5:06
No doubt!  The low commission environment makes this all possible!
Cedric
5:05
With all the adjustments, he's lucky commissions are so low now adays
Mentor Mike
5:05
Yes he is looking back historically... that is Think or Swim he is using
Stu
5:05
Is Brandon actually looking at historical charts AND historical option chains/pricing? Didn't know that was available. Is it only on the platform he is using?
Mentor Mike
4:59
Yes that is part of it... Preston also doesn't adjust as frequently so he isn't as worried about watching the delta as closely... he let's the week play out and adjusts purely on the time decay.  So a little more simple approach
Kevin
4:58
does Preston use the 2x premium rule in order to keep it simple, so us beginners don't have to deal with delta?
Mentor Mike
4:48
Yes that is if the trade seems to really be breaking down and now you just want a directional put option (bearish) trade to see if it continues to drop for a little bit longer... if it drops further, you can make gains on the put protection in that scenario
Stu
4:47
So for Brandon's "Hell in a Handbasket" you have to buy back your short position without any "offset income" from selling the long? We want to leave the long in place as it will continue to increase in value as the stock price keeps falling ... ?
Mentor Mike
4:47
We will build a section somewhere on this site with the links to download the files... will be easy to find once we get it posted.
CARLOS
4:46
where will brandon's slides  & slides be found?
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