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Mentor Mike
9:32
Rick that is a great point!  If we ever want to buy stock you can just sell puts to bring in premium then let the stock get assigned to you if it drops to that strike.  It's a great approach.
Rick Berry
9:31
Warren Buffett sells naked puts as his strategy to buy stocks. But you need to have that as your goal to sell naked puts.
Mentor Mike
9:31
I'll try to get her Canary tickers and post them here when I get a chance
Rose M
9:31
I had to restart my computer, and missed- What were some of the canary tickers again?
Mentor Mike
9:28
Exactly!  The Payday trade is where we buy calls and puts trying to time the swings of the market.  No stock involved... just going long calls when we think it is moving higher and buying puts when we think it might drop.
Duane
9:26
I am new so this might be a stupid question - (novice ?) She/we are just talking about about buying and selling puts/calls not actually choosing to own (assign) the stock. In buying a put in a princess trade we are just waiting for the the underlying stock to go down - price of the put goes up and then we sell it to close - I should take Maggie's mentoring course. Thanks
Mentor Mike
9:19
On a short break...
9:06
She's going to elaborate on the Payday trade now...
Jim Collins
9:05
hey Mike - can you get her to define what a PayDay trade is - - before she moves on ?  or can you tell me?  I don't think she said it is
Mentor Mike
8:56
Good point Jim!
Jim Collins
8:56
Rick Berry -  that's because earnings are next week and IV is HIGH
Mentor Mike
8:49
S = sideways,  S/Up = sideways to slightly up
Tom
8:48
what determines S/Up and S/Dn versus just S?
Rick Berry
8:41
Was just thinking GE would probably make a great weekly covered call strategy. Next week's ATM calls are going for .47/.48. Wow!!
Mentor Mike
If you want more info about that service, you can check out MaggieMastermindProject.com
8:39
Anyone that is a member of the Maggie Mastermind Project gets a mousepad as part of their membership.  If you are a member and didn't receive one yet, let us know by emailing TheCrew@tradersedgenetwork.com
Chuck P
8:37
How can I receive a copy of Maggie's mouse pad candlestick patterns?
Mentor Mike
8:32
We don't call Maggie the "Queen of Corrections" for nothing!  :-)  She does have a good sense for feeling out these market drops
Rick Berry
8:31
Think Maggie is probably right because 30 week bullish percent indicator is currently oversold, currently up at 72 at stockcharts.com indicator $NYA150R.
Patterson Joe
8:30
Its a bearish wedge pattern
Mentor Mike
8:29
Yes usually when a flag pattern is appearing it is getting ready for a move in one direction or the other
Rick Berry
8:28
Flag? Looking for breakout or breakdown.
Mentor Mike
8:25
Gregory L. Morris is the author
8:24
Candlestick Charting Explained Workbook - is the book Maggie is discussing
8:18
What method are you referring to?  Do you remember the name of it?  (She was trying an Irish Runner strategy... also testing a TG by PC method)
Guest
8:17
Has Maggie done anymore work on her new method that she was working on last year?
Brian
8:09
I had to close out and reopen if that helps anyone
Sherry
8:07
Rick, you have to unmute
Mentor Mike
8:06
Yes it was sent out (emailed) to all of you yesterday, but if you don't have it please email TheCrew@tradersedgenetwork.com
Guest
8:05
Will you be sending a PDF file of the handout?
Mentor Mike
8:05
The sounds is coming through fine on our end... maybe check your system volume and double-check on your end
Mike Hopp
8:05
no sound
Mentor Mike
8:01
We are live!  If you aren't seeing Preston/Maggie then try refreshing your page
7:48
We will begin at 8 AM Pacific Time
7:47
No broadcast yet... you should just see a Traders Edge Network logo/slide
Guest
7:47
i refreshed - dont see anything  are you broadcasting yet?
Mentor Mike
We will be starting in about 15 mins
7:44
If you were watching a few minutes ago, you will need to do a refresh of your screen
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