JotCast | Park City 2020

Park City 2020

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Mentor Mike

10:05

Bernie, correct. DOCU is a Crowbar. Preston likes to take advantage of weekly premiums every so often in his Crowbars.

Bernie

10:05

Forget prior question. Docusign is not a Money Press.

Mentor Mike

9:48

Preston bought the January calls initially. He has sold weekly calls against the initial January call. So, he is rolling the weekly calls

Guest

9:48

what is he doing?? is this the call he sold based on the Jan bought call? It's unclear.

Rick Berry

9:02

Now you just need an eye patch and an ear ring.

Mentor Mike

8:40

We will take a 15 minute break then Preston will begin his presentation

8:38

Lees email: Lee@tradersedgenetwork.com

8:37

Maggies email: MaggieBigInvest@gmail.com

Rick Berry

8:19

I've been thinking to look for change of trend to place each spread. For example with SPX sliding, would do bear call spread first. Then later if trend reverses, to then enter bull put spread.

Jenni

8:19

book called "The Code of the Extraordinary Mind" by Vishen Lakhiani - helps with changing your mindset

Mentor Mike

8:04

July 10 3095/3085 put credit spread for a $.60 July 10 3190/3200 call credit spread for $.30. Total credit would be $.90

8:02

Maggies trade: Iron Condor

Mentor Mike

8:02

Yes. Maggie did an Iron Condor. She did both a Call Credit Spread and Put Credit Spread.

Guest

8:01

She sold and bought a Put and Call?

Mentor Mike

7:51

Yes. A calm sideways makes a good iron condor

Ben B

7:49

would sideways make it good for an Iron condor?

Mentor Mike

7:15

Good morning everyone! We will get started around 9:30am Eastern Time!

*** Friday, July 10 ***

Mentor Mike

Reminder for the updated start time... 9:30 AM Eastern Time Maggie will lead us off!

3:54

Thanks everyone! Great day! See you in the morning!

Mentor Mike

3:54

We will adjust it so the margin requirement doesn't get too out of control... Brandon follows his rules, Preston is a little more "by feel"... by following a few examples you'll start to get a feel for it!

3:53

When doing a MP, and the stock takes off to the upside, what are the guidelines for the long PUT?

Guest

yes thanks

3:53

applause!

Frank Libschik

3:53

thank you Preston and Mike

Mentor Mike

3:45

Absolutely! Adding in more of the intricacies of Brandon/Maggie's enhancements just help you get more and more efficient. Think of it like progressing through and getting your Master's Degree!

Guest

3:44

MP is now my livelihood since our workplace insurance business stopped a few months ago. So far it is like a dream successful just want it to continue if possible by sticking mainly with Preston's guidance and not the technical approach of Brandon. is that REALISTIC?

Mentor Mike

3:41

We LOVE hearing that! Thanks you guys! We sure appreciate all of you and your insights and for making this fun! (and NOT lonely!)

Matt

3:40

I've been through a few programs as well and this is the only one I actually understand and have made money with.

J. McCathern

3:40

I totally agree with Jack!!!

Mentor Mike

3:40

Right at market open... 9:30 AM Eastern Time we will start tomorrow with Maggie.

Guest

3:39

What time tomorrow begins

Kirk

3:39

Thanks Brandon, Great stuff.

Rosemarie

3:38

Thanks Brandon

Debora

3:38

Thank you Brandon!

Guest

3:37

I can follow most of Preston's down to earth easy (seems so at least) style and wish I could mentor with him. lol

David K

3:36

I can't speak highly enough about mentoring with Brandon. I just completed my mentoring and the way he explains the Money Press (and other strategies) just makes everything click and easy to implement. I have a very busy schedule and can't monitor my computer all day long. Brandon's style has allowed me to be an extremely successful options trader over the last 18 months.

Mentor Mike

3:31

As a reminder, all of this is being recorded and will be made available within a few days. (lots of video footage to upload and render) Going over this segment a second time would probably be really useful!

Mentor Mike

3:05

Right. Like Brandon said, he doesn't do too much watching during the day... you can wait for the day to finish up and analyze.

J. McCathern

3:05

Best adjust on a delta flip at the end of the day since they could flip back.

Paul

3:04

This is good stuff. Brandon would be great on a crisis management team! LOL

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