As a young child I always enjoyed games of strategy. And I was always pretty good at them. I also loved playing sports (especially basketball), the subject of math, building things or doing anything that presented a challenge. I also enjoyed doing whatever my father was doing. My father was always working around the house or in the yard; always trying to get work done with little money because of a limited budget. Even as a young boy I would try to figure out a better way to fix the fence, clean a drain, divert water from the property, float cement, grow bigger tomatoes etc,etc,etc. Even if there was only one way to do something I would try to figure out a better way to impress my father. In my fathers free time he loved figuring out a way to beat games of chance (casino games). This was right up my ally. He never had much luck at this but it did lead him to the stock market .I started learning about the stock market with my father during my high school years. In my early years I learned things like ticker symbols, looking up earnings, P/E ratios etc. At that time my father was only investing in the purchase of stocks with the old “buy and hold” theory. All information was ascertained from the New York Times. There was no CNBC, for that matter there was no cable TV. After a few years my father learned how he could sell his stock at a desired price and receive a premium for doing so by selling a “covered call” option (for beginners this will be explained in detail in future blogs). This is when I first realized my love for the stock market.
Through my elementary years, high school years and college I played the game of basketball. Not only did I play basketball but it was the love of my life. I played every day of my life. I made every team I ever tried out for and by my college years I was a pretty good player; but not good enough for the NBA. After I completed my college years I continued playing in many leagues but to get that real feeling of organized competition I started coaching basketball. This is where I got the name “The Coach”. I coached at the high school and college level starting at age 21. Coaching basketball is where I really put my strategic mind to work. Now that my coaching days are over I use my many years of coaching to my benefit. Along with owning multiple businesses, I now have 30 years in the stock market and 15 years of options trading under my belt and I feel like my opponent is getting weaker. My new opponent, WALL STREET.
Welcome to the “Main Street beats Wall Street”. This blog is for the stock investor/trader with experience in trading options. It can also be helpful for the ones with no experience with options who want to learn how options can be used to pursue your trading goals. As time goes on “Main Street beats Wall Street” will be giving many lessons from “Getting started” to you making your first trade. I also have an e-mail for any questions you might have from a lesson or a trade I posted,coachsjc@gmail.com. On “Main Street beats Wall Street”, I (the Coach) will post every trade I make. In recent years I've had years with over 400 trades. I will not post last years or last month’s trades, or hypothetical trades. ONLY REAL TRADES! I will post a trade when I get into a position and I will post the trade when I get out of that position. Along with my trade I will post my “RISK FACTOR”. The risk of my trade will be rated from 1 to 5, 1 being a low risk trade and 5 being a high risk trade. You will see if I get out making money or get out losing money. No Hoopla. “Main Street beats Wall Street” will show you how the people who live on Main Street throughout this country can be as good as the people who work on Wall Street. This blog is totally free, I am not selling books or tapes. I am only having fun and staying involved in something I love, the stock market. I make my money buying and selling stocks and options. If you put in a little time you too can make money; enough money to change your life forever.
T
