{"id":13461,"date":"2022-11-01T11:29:18","date_gmt":"2022-11-01T15:29:18","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=13461"},"modified":"2022-11-01T11:30:15","modified_gmt":"2022-11-01T15:30:15","slug":"hello-main-street-beats-wall-street","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=13461","title":{"rendered":"Hello Main Street beats Wall Street"},"content":{"rendered":"

Hi Readers,<\/p>\n

It has been a long time! I have been writing posts for Main Street beats Walls<\/strong> for 7 years now, and this is the longest break I have taken; I promise you it wasn’t by choice. I haven’t posted since June and I must say I miss the daily interaction with you and the market. The good news is I am healthy and well, and possibly ready to get reacquainted with both you and the market.<\/p>\n

I must apologize to everyone who enjoyed reading my post, especially those who just signed up to Main Street beats Wall Street<\/strong> as I stopped posting. In my mind there was a good reason for discontinuing or suspending my writing. I did not like the way the market was moving, it’s unpredictability. I started making trades that didn’t fit into my Main Street beats<\/strong> Wall Street<\/strong> strategy. Because of the market’s long term unpredictability I started making a lot of Day Trades. All the money I made during the last administration started to evaporate with the present one. These were trades I did want to post because they were not for Grasshoppers, or any Main Street beats Wall Street<\/strong> readers. It turns out they were not for me either. I decided to get out (Temporarily) of the market and concentrate on other parts of my life. I removed most of my money from the market (or lost it) and put it elsewhere. I do have a little in my account. I am not going to return my money into the market, I’m gonna trade with what I left there. Now I will trade as a Grasshopper with Grasshopper size trades. I decided this might help you more than me making large trades, trades beginners cannot make.<\/p>\n

Because of my small account I will start back up slowly and carefully. This country is a mess and I don’t see it getting better anytime soon, so I will be extra careful. Stocks are low but I don’t feel the bottom is here. We saw the market go down, we are seeing corporate earnings fall, the next step is the economy goes down.<\/p>\n

Last week I made my first trade in a long time. I own 100 shares of Tesla (TSLA) and I sold a Call bringing in a $150 premium. It was a small premium for Tesla but I picked a Strike Price and Expiration Date not to get assigned. Today I made another Tesla trade. With the stock up $8 at $235 I sold 1 contract of the November 4th, $240 Call for a premium of $4. This position will expire this coming Friday and the total premium $400.<\/p>\n

 <\/p>\n

Sell to Open 1 TSLA 11\/4\/22 $240.00 C @ $4.00 (+$400)\u00a0<\/strong><\/h4>\n

 <\/p>\n

\"\"<\/a>Tesla has been beaten down so I feel confident it won’t go much lower, but you never know! And I owned the stock anyway. I am bringing is a premium on a stock I previously owned. Again I’m trying not to get assigned. The stock was up $8 on the day and I felt it wouldn’t hold so I went $5 more Out-of-the-Money and still got a nice premium. The $4 premium is $1.7% for a four day trade. This trade fits into my “1 Week\/1%”<\/a> <\/span>Strategy. I give this trade a Risk Factor 2.<\/strong> The only reason I don’t give it a 1 is because of market volatility.<\/p>\n

It feels good to write a post. My email is open for any questions, I’m ready to go! I don’t know how many trades I’ll be making but I’ll try to write some posts to get us all back into the game. This down market is a great time to learn the potential of losing money but also, if careful, how you can bring in some money.<\/p>\n

Welcome to all readers who signed up this year. Hopefully I can help you with your dream of beating Wall Street.<\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hi Readers, It has been a long time! I have been writing posts for Main Street beats Walls for 7 years now, and this is the longest break I have taken; I promise you it wasn’t by choice. I haven’t posted since June and I must say I miss the daily interaction with you and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-13461","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3v7","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13461"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13461\/revisions"}],"predecessor-version":[{"id":13463,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13461\/revisions\/13463"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}