I just got off the phone with an old friend of mine. He called me to talk about my 2017 results and ask me a few questions about my trading and my posting of my trades. He wanted to know the amount of time between the execution of my trades and the posting of my trades. I told him I post the trade immediately after I make it. By the time I write the post (with my 2 finger typing) and send it out it’s normally in your email about 5 to 10 minutes later.
At first, I figured he was just wondering how I run my site and how transparent I was. Buy when I got off the phone, it came to me, he wasn’t questioning my integrity, he wanted to mimic my trades. I always discourage readers from doing that for a number of reasons. #1, you get the trade after I make it and sometimes every minute counts. I put in the order to get executed where I want the position. Who knows, maybe 10 minutes later would hurt the trade, but maybe it would be better lol. #2, as I mention in my page “Developing a Philosophy,” everyone is different, everyone has a different risk tolerance. I’m trading according to my age, bank account, experience, etc. #3, the purpose of Main Street beats Wall Street is to teach you how to study, investigate a stock, use technical analysis, and develop a philosophy & strategy according to your own situation. Some of my trades might not fit into your slow and steady progression of learning. I might make a bad trade that hurts me a little, but the trade might put you under.
When I’m no longer trading or writing, it would be nice to know that my readers did their homework, kicked off their training wheels, and are successful traders because of their work. Anyone can mimic my trades, they’re out there a few minutes after I make them. I guess the more I think about it, I feel it fits into my idea of a “get rich quick” scheme. Doing things the easy way! And I don’t want to be responsible for anyone losing money when I pick a loser. If you do mimic my trades, please, along with these trades, do your homework, develop a trading style that fits you and your comfort level.
Now that I know some will be mimicking my trades I’ll work harder and be extra careful.
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On a different note, when I got on my computer this morning I realized I was executed on a trade I entered yesterday. I had to leave my house for the rest of the day and I put in an order to buy 500 more shares of RH. I felt the stock was gonna move but I did’t want to buy until it made an upward confirmation. With the stock at about $90.75 I had to leave so I put in the order at $91.25. I figured if it went up to $91.25 it would continue up. It did and I was executed. The stock closed at $92.97.
Buy 500 Shares RH @ $91.25
Because I was not near my computer when I was executed and I wasn’t able to write a post, below I put a snap of the trade notification. 
With this 500 shares I’m back to holding 2000 shares. Lets go RH, don’t fail me now! I’m trying to get some of the money back I’m behind with RH from the end of 2017. I sold some of my shares to get a little tax loss to go against the year’s gains. Please watch for my next post. I’ll be explaining the IRS’s “Wash Sale” rule. And why I’m able to get the tax write-off even though I bought the stock back. This is very important to understand.
I’m sorry if my “Trade Notification” picture isn’t clear. I’m not much of a computer guy and my son in-law, the computer engineer isn’t with me right now. I won’t know how clear it is until after I send it.
Steve
The Options Coach