Happy New Year! Welcome to “Main Street beats Wall Street.” Today is Friday January 1st. But it’s 11:50PM, so by the time I’m done with this post it will be Saturday January 2nd. I love entering trades on Fridays or Mondays. Since the market was closed today for New Year’s Day, I’m hoping my 1st trade of the year will be Monday the 4th. You can check to see if I found something I liked. The beginning of the year is tricky. I like to watch the 1st day to see if I can tell which way the market is going to move to start the 1st week. Sometimes we start the year off great and sometimes not so great. I’ve seen years where the market opened up big and we were off and running where the first few months were up big. 2015 didn’t end so good so it will be interesting to see which way the traders are leaning to start 2016.
This is the 1st post of my new blog. As you might already know, this blog is to teach how to trade stock options. While posting all of my trades, I’ll be completely transparent. I will post all information when I trade to get into a position, and I will post when I get out of that position. You will see if I’ve made money or if I lost money. My goal is to teach you what I’ve learned over the past 25 plus years. You can subscribe to my FREE email that will be sent out any time I make a post. In addition to posting my trades, I will also be posting lessons on educational material. The learning material might be information about a trade I’ve made and information I feel you need to know to understand the trade. I will also have contributing writers. I might have 3 or 4 people I respect that will be writing articles on subjects they specialize in. This will help educate our followers as well as making “Main Street beats Wall Street” a very interesting blog for beginners as well as experienced traders.
2015 was not a great year for the stock market. The Dow Jones and the S&P 500 finished the year below where 2015 started. The only major index finishing the year positive is the Nasdaq, it ended the year slightly above where it opened in January 2015. Many, many of the biggest stocks finished below where they opened a year ago. Even though it was a very flat year, I had a nice year as I know I will also have in 2016. If you follow, you will see my account grow in 2016 because I’ve become a disciplined trader. My goal is to teach who ever wants to learn. I want to teach while sticking to the rules I’ve set for myself and trying to make the blog followers understand the only way to be successful in the game is to set rules and stay very disciplined. Once greed sets in, and you stray from the rules you set, you can blow much, if not all, of the profit you have built. I will not teach rules for you. I can only teach rules I’ve set for myself. There are many successful traders out there and I’m not going to be pompous and think the guidelines I set for myself are guidelines for everyone and the only way to go. Everyone must trade according to their own risk tolerance.
If this is the first thing you read in “Main Street beats Wall Street”, welcome. I suggest you now move to read the “Home” page, then go to “About Me” and “Let’s Get Started.” After that go to the side bar and look for “Educational.” Working your way down each page. You must understand all subjects. Make sure you also have other study material such as books, internet and other blogs. If you have any questions you can email me any time at Coachsjc@gmail.com.
Let’s get started making money in 2016!
The Options Coach