Today I have been working on Main Street beats Wall Street. I made a few changes to the menu items in the top menu bar.
One of the changes is I removed the “Wealth Builder” section. Not to worry, it will return. During the big COVID drop from Feb 20th to March 20th I made a lot of moves in Wealth Builder. I sold off most of the positions in all the Wealth Builder portfolios. After the COVID drop I was concentrating on recovering and building my trading account. If you haven’t already, please read my article My 2020 Entire Year’s Results. 2020 was an amazing year! I was up 220%. I follow many professional traders and hedge funds. 2020 was a great year for the market, but I have not seen any trader or fund close to this. With my very busy year I never got back on track with my Wealth Builder section.
Main Street beats Wall Street is a site for learning to be an options trader. I never really did much long term investing, but I feel if you are successful at trading there are plenty of great long term investments to build wealth with trading profit. With this in mind I’ll be working on getting “Wealth Builder” back up and running, and I’ll be working to get positions in all portfolios. It’s a lot of work but I feel “Wealth Builder” is a great asset to Main Street beats Wall Street.
I also completed the new section I’ve been writing about. It’s called “The Grasshopper Field.” There are 4 pages to this section and you must read all 4. After you read the pages you will understand why I started it. I believe this section will help with the learning process of new traders.
To get to the first page you can click on Grasshopper Intro.
Tomorrow starts a new trading year and I’m very excited. My trading will probably be limited to Grasshopper trades the first week because I’m pretty much fully invested. My existing positions will be expiring on 1/8 and 1/15.
I made a lot of tax write-off trades the last few days of the year. I’ve been working on other things so I never posted these trades. And I never posted the results to the last week of the year. However, the only trades I made were these tax trades so there’s not much to report. I will be posting all the tax trades in the next week or 2. None of these trades made a difference to my yearly results. The value of these positions already affected my account so my year ending balance did not change.
Watch for my first Grasshopper trade, it might be tomorrow.
Successful trading,
Steve
The Options Coach