Month: May 2016

Good morning “Main Street beats Wall Street” readers. Today is Thursday and this is the first move I made this week. This might be the type of trade volume I’ll be doing if the market continues to move in a normal May fashion. Please go to the link “Message of the Day” and read my […]

First I would like to welcome the new subscribers who signed up this week to “Main Street beats Wall Street” and thank you for joining us. Do your studying and read books but take all information in with a grain of salt. The books try to make it sound easy and it’s not. I’m not […]

If you’re following “Main Street beats Wall Street” just to watch and see what I do, this will be a very disappointing post. If you are following to learn and have hopes in becoming a trader, this is a very important post. I received an email from a “Main Street beats Wall Street” reader last […]

Back in the 1st week of the year I sold 20 contracts of the $20 Naked Call on Gopro (GPRO) when the stock was in the $18 area. Right after I sold the Naked Call the stock ran up approaching my $20 Strike Price. Thinking the stock was going to continue to run up I […]

While I was writing my last post I put in an order to sell another Call on Facebook (FB). I have a Call sold on 1000 previously owned shares and yesterday I bought another 1000 shares for the sole purpose of selling a Call. I bought the additional shares for $119.90 but didn’t get executed […]

This post might be a little difficult to follow if you are a Grasshopper. Or if you haven’t been following “Main Street beats Wall Street” closely. You might want to read my page on Rolling which is under “Educational” in the side bar. Rolling is an adjustment trade strategy traders use when their trades don’t […]

Earlier I bought 100 shares of Amazon (AMZN) for $711.93 per share. I put in an order to sell a Call trying to get a $7 premium that would expire this Friday. The stock was going up and down all day but I never got executed on my Call. With the stock up at $718 […]

A little earlier I put in an order to buy 1000 shares of Facebook (FB). While I was working on “Main Street beats Wall Street” I was executed. Along with Amazon, FB is also a hot stock. I previously owned 1000 shares which I bought for $113 and I’ve been selling Calls on them for […]

I just returned home from bringing my wife to physical therapy. Two weeks ago she had surgery to repair a torn meniscus. I’ve been watching Amazon (AMZN) since their great earnings  report. As I was walking out the door Amazon was moving fast. I hit the button on my computer to buy 100 shares with […]

Are you ready for some technical analysis? I hope so! On this post I have 2 graphics, #1 and #2. This is what a candlestick chart looks like. This is a candlestick chart for U.S. Steel. Graphic #1 is a time frame from the middle of October 2015 to today, May 10, 2016. Each candlestick […]