Month: July 2016

It’s Sunday and I’m back home in NY. You might have read I had to go to Boston Thursday morning. As a result, I was in the car most of the trading day on Thursday. When I arrived and checked in at the Best Western there was only a few minutes left so I didn’t […]

The steel stocks have been moving really well lately. Yesterday I sold 50 contracts of the AK Steel (AKS) $6.50 Calls expiring this Friday. With the stock above my Strike Price most of the time, I was a little worried. A few minutes ago the stock dropped to the $6.50 price so I covered my […]

The steel stocks are on a run today. The 3 I watch are U.S. Steel (X), AK Steel (AKS) and Nucor Corp (NUE). Nucor is the biggest steel company in the USA and about the 5th or 6th in the world. Today Nucor is the only one thats down. U.S. Steel is up about 10% […]

I bought 1000 shares of Facebook (FB) back on May 11th for $119.90. It was about a week after they reported earnings and the stock was moving nicely. As soon as I bought the stock it peaked and came down a bit. On June 27th it was down to $108. This worried me a little […]

This is going to be a slow week. Most of the stocks I follow closely are reporting earnings this week so I’ll stay away. I don’t like to get into positions with stock with news imminent. U.S. Steel, AK Steel, Facebook and GoPro all reporting this week. YELP doesn’t report until the first week in […]

I had a very busy and very successful week. This weekly report might get a little lengthly but I must stick to my format and report & critique all my trades. This is the only way you’ll learn. This week I had many trades come to an end. All the trades involved U.S.Steel (X), GoPro […]

I put in an order to do a Buy-Write with U.S. Steel (X) and it was just executed. If you hit the link you will go to my page called Covered Calls. Buy-Write is covered in this section half way down the page. The stock was at $20.43. I put in the order to buy […]

I bought 10,000 shares of U.S. Steel 20 minutes ago at $19.75. The stock is down today so, as I said in my post 15 minutes ago, I wanted to take advantage of the lower price. I was up in the air about keeping it to keep my 100 contracts covered or if I get […]

As I did yesterday I just bought 10,000 shares of U.S. Steel (X). Yesterday I bought 10,000 shares at $20.65 and sold 10 minutes later for $20.77 for a $1200 profit. Today I bought for $19.75. The stock is down so I grabbed the shares again. I don’t know if I’ll hold to cover my […]

Hi All, I hope all you Main Street beats Wall Street readers are enjoying my site. I am writing because I just finished a new page. The page is located in the Educational section in the sidebar. The page is called Margin Account. When you open an account to start trading, it’s very to understand […]