Sometimes option sellers need to reset their tracking system and start from scratch. Perhaps you've been testing the platform with demo positions, experimenting with different strategies, or accumulating months of old data that no longer reflects your current approach. Whatever the reason, having the ability to completely clear your account and begin with a clean slate is essential.
MyATMM provides straightforward functionality to reset your entire account back to zero. This process removes all stock ticker symbols from your cost basis tracking, clears your position history, eliminates deposit and withdrawal records, and returns your dashboard to its initial state. You can then rebuild your tracking from scratch with accurate data that matches your current brokerage account.
This capability is particularly valuable when transitioning from testing to live tracking, when you want to demonstrate the platform's functionality from the beginning, or when your brokerage data and MyATMM data have diverged and you prefer to start fresh rather than reconcile the differences. The reset process is straightforward, requires membership access, and takes just a few minutes to complete.
Several scenarios make account resetting valuable for option sellers and continuous wheel strategy practitioners. Understanding when and why to reset helps you maintain accurate tracking aligned with your trading goals.
Many new users explore MyATMM by entering test positions to understand how the platform works. You might add fictional tickers, experiment with different cost basis scenarios, or test how premium tracking affects calculations. Once you're comfortable with the functionality and ready to track real positions, resetting clears all the test data and gives you a clean foundation.
This transition is important because mixing test data with real trading data compromises the accuracy of your performance metrics, premium income tracking, and portfolio analytics. A complete reset ensures your account reflects only actual positions from your brokerage account.
If you're creating educational content about MyATMM, teaching others about cost basis tracking, or simply documenting your process for personal reference, starting from complete zero provides the clearest demonstration. The video itself exemplifies this use case—the account is being reset specifically to demonstrate building out a tracking system from scratch.
Starting from zero allows you to show the complete workflow: adding initial deposits, entering first positions, logging option premium, tracking assignments, and demonstrating how all the pieces connect. This narrative flow is impossible when your account already contains dozens of positions and months of history.
Sometimes your MyATMM data and your actual brokerage account data diverge significantly. Perhaps you missed logging several transactions, entered some trades incorrectly, or had a period where you weren't maintaining the platform consistently. When the discrepancies become substantial, reconciling every difference can be more tedious than simply resetting and starting fresh with current, accurate data.
While MyATMM is designed to maintain accuracy through complete transaction logging, real-world usage doesn't always follow the ideal workflow. The reset option acknowledges this reality and provides a practical solution when starting over is more efficient than debugging historical discrepancies.
Option sellers sometimes make fundamental changes to their trading approach. You might switch from individual dividend stocks to ETFs like BITO, change from weekly to monthly expiration cycles, or modify your portfolio composition entirely. While MyATMM handles strategy evolution through normal transaction logging, some traders prefer the psychological fresh start that comes with resetting to zero when making major strategy changes.
This clean slate approach separates "old strategy" performance from "new strategy" performance, making it easier to evaluate whether your strategic changes are producing better results.
Resetting your MyATMM account to zero involves several specific steps that must be completed in sequence. The process requires membership access because deleting stock ticker symbols is a member-only feature designed to prevent accidental data loss.
Begin the reset process by accessing the Cost Basis section of your MyATMM dashboard. This is where all your tracked positions are displayed with their current cost basis, quantity, and related data. The Cost Basis section serves as the command center for position management, including the deletion functionality needed for account reset.
You'll see a list of all ticker symbols currently tracked in your account. Each ticker represents a separate position with associated cost basis calculations, option premium tracking, and transaction history. To reset your account, you need to delete each of these ticker symbols one by one.
For each ticker symbol in your Cost Basis list, follow this deletion process:
The requirement to type "delete" is a safety measure preventing accidental position removal. Each deletion removes all data associated with that ticker including cost basis records, option premium history, assignment tracking, and transaction logs specific to that symbol.
This step-by-step deletion process ensures you're intentionally removing each position rather than accidentally clearing your entire account with a single misplaced click. While more time-consuming than a "delete all" button, this approach protects against data loss from accidental actions.
After deleting all ticker symbols from Cost Basis, navigate to the Covered Calls section. This section maintains an ongoing history of every stock ticker you've ever added to the system. As shown in the demonstration, this historical list can grow quite large—the example account shows 529 tickers that have been tracked at various times.
You can delete individual tickers from this history list using the same "delete" and Proceed process. However, as noted in the demonstration, this historical cleanup is optional and can be extremely tedious with hundreds of entries. The Covered Calls history list doesn't affect your active tracking or calculations—it simply shows all tickers you've worked with over time.
Most users choose to skip this cleanup step. Instead, focus on using the filtering functionality within the Covered Calls section to isolate just the symbols you're currently tracking. This approach acknowledges that complete historical cleanup provides minimal benefit while requiring substantial time investment.
Return to the Dashboard and access the Deposits & Withdrawals section. Even after deleting all position data, your account still shows deposit records representing cash added to your tracking system. These deposits affect your dashboard's displayed balance and need to be removed for a complete reset.
Delete each deposit and withdrawal entry using the delete function available in that section. In the demonstration, two deposit records needed deletion to bring the account balance back to zero. Once you remove all deposit/withdrawal records, all dashboard tabs will display zeros—no positions, no premiums collected, no gains or losses, and no account balance.
This step is crucial because deposits and withdrawals form the foundation of MyATMM's return calculations. The platform measures your performance based on capital invested (deposits) versus withdrawals and growth. If old deposit records remain, your future return calculations will be incorrect because they'll include capital that's no longer relevant to your fresh start.
After completing all deletion steps, verify your account is truly at zero:
This verification ensures you've successfully achieved a complete reset and your account is ready for accurate tracking of new data aligned with your current brokerage account.
Once you've reset your account to zero, the next step is rebuilding it with accurate data that matches your current brokerage account. This process establishes the foundation for ongoing tracking and ensures your MyATMM data stays synchronized with your actual trading account.
The demonstration emphasizes the importance of matching your MyATMM account to your brokerage account statement. This synchronization is critical for maintaining accurate cost basis tracking and ensuring your premium income, position values, and return calculations reflect reality.
Access your brokerage account statement and identify your current account balance. The example uses Thinkorswim (TOS), showing an ending balance of $11,250.25 with no active positions. This represents the starting point for rebuilding the MyATMM tracking.
This alignment serves as your baseline. Going forward, you can regularly compare MyATMM's displayed account value against your brokerage statement to verify accuracy. This double-checking system helps catch any missed transactions or entry errors before they compound over time.
With your account reset to zero, add your first deposit record representing your current brokerage balance:
After saving, your MyATMM dashboard will display this deposit amount under "Deposits" and "Brokerage Balance." Since you have no positions yet, this number represents 100% of your tracked capital. Most importantly, this deposit amount now matches exactly what your brokerage statement shows—you've established perfect synchronization at the starting point.
If your brokerage account currently holds stock positions (the demonstration's account had none), your next step would be adding those positions to MyATMM with their accurate cost basis information. For each position, you'd enter:
Getting the initial cost basis correct is crucial. If you've already collected premium against these shares or had previous assignments, you'll need to factor those adjustments into your starting cost basis. Some traders prefer to use the current brokerage-reported cost basis as their starting point, accepting it as-is rather than trying to reconstruct historical premium adjustments.
Once you've established your baseline with accurate deposits and current positions, the maintenance phase begins. Going forward, you'll log every transaction that affects your account:
Consistent transaction logging maintains the synchronization you established during the reset process. Your MyATMM data stays aligned with your brokerage account because you're capturing every event that affects positions, cash balance, or cost basis.
Beyond the mechanical process of resetting and rebuilding, starting with a clean slate provides several strategic benefits for option sellers and systematic traders.
One of the most significant benefits is ensuring your return calculations reflect only your current trading approach. If your historical data includes periods of different strategies, varying account sizes, or experimental positions that don't represent your systematic approach, those legacy records skew your performance metrics.
Starting fresh means your displayed returns, premium income rates, and performance statistics measure exactly what you're doing now, not what you did six months ago when you were still learning or experimenting. This accuracy helps you make better decisions about whether your current strategy is working.
A clean account with only current, active positions is easier to manage than one cluttered with historical data from closed positions, old tickers you no longer trade, and stale information. While MyATMM's filtering capabilities help you focus on relevant positions even with extensive history, a reset provides the ultimate simplification.
This simplification is particularly valuable when your trading focus has narrowed. Perhaps you previously tracked 20 different tickers but now concentrate on just 3-5 quality positions for your wheel strategy. Resetting removes the clutter and lets you focus exclusively on what matters now.
There's psychological value in a clean slate. If you've had a period of poor performance, strategy confusion, or inconsistent tracking, starting over with a clear mindset and renewed commitment can reinforce positive behavioral changes. The act of resetting becomes a symbolic line between "before" and "after."
This psychological benefit shouldn't be underestimated. Traders are human, and sometimes a fresh start with organized, intentional tracking provides the motivation needed to maintain consistent habits going forward.
As demonstrated in the video itself, a reset account provides excellent educational value. You can document your complete journey from zero, showing every step of position building, premium collection, assignment handling, and cost basis adjustments. This documentation serves both personal record-keeping purposes and potential educational content for others learning about options income strategies.
The narrative arc from $0 to systematically built portfolio is much more instructive than snapshots of an established account with complex history already in place.
While MyATMM makes resetting straightforward, this is a permanent data deletion action that requires thoughtful consideration before proceeding.
Once you delete ticker symbols and their associated transaction history, that data is permanently removed from the system. MyATMM does not maintain backup copies of deleted data or provide an "undo" function for ticker deletion. This is intentional—permanent deletion prevents database clutter from abandoned accounts and protects user privacy by ensuring deleted data is truly gone.
Before resetting, consider whether you might want that historical data for tax records, performance analysis, or personal reference. If there's any chance you'll want to review past positions or premium income history, export or screenshot that data before proceeding with deletion.
If you want to preserve a record of your pre-reset account state for tax purposes or personal records, take time to export or capture that information:
This documentation provides a historical record even after resetting, ensuring you have continuity for tax reporting and long-term performance analysis.
As mentioned earlier, the delete functionality requires an active MyATMM membership. Free accounts can track up to 3 tickers but cannot delete ticker symbols. This limitation is both a safety feature (preventing accidental deletion by casual users) and recognition that serious data management capabilities are part of the paid membership value.
If you're considering resetting and currently have a free account, you'll need to upgrade to a paid membership to access the deletion functionality. Monthly membership is $4.95, quarterly is $12.95, and annual is $49.95—all providing unlimited ticker tracking along with deletion capabilities.
Rather than resetting your existing MyATMM account, you could simply create a new account with a fresh email address. This approach preserves your original account with all its historical data while giving you a completely clean slate in the new account. You could even maintain both accounts if you wanted to compare "old strategy" vs. "new strategy" performance over time.
The tradeoff is managing two separate logins. For most users, resetting the existing account is simpler, but the new account option exists if you want to preserve everything from your original account indefinitely.
The reset process gives you a clean slate, but maintaining that accuracy over time requires consistent habits and systematic transaction logging. These practices ensure your fresh start stays accurate rather than gradually diverging from your brokerage account again.
The most effective approach is logging transactions daily, ideally at the end of each trading day. This habit takes just 2-3 minutes but ensures every trade, every premium collection, and every assignment gets recorded while the details are fresh in your mind. Daily logging prevents the backlog that leads to missed transactions and tracking errors.
Once per week, compare your MyATMM dashboard totals against your brokerage account statement. Verify that your position quantities match, your cash balance aligns, and your cost basis calculations make sense. This weekly reconciliation catches any discrepancies while they're still easy to identify and correct.
The demonstration specifically emphasizes this reconciliation process as the intended use pattern going forward after the reset. MyATMM is designed to mirror your brokerage account with the advantage of superior cost basis tracking that factors in option premium correctly.
Keep written notes about how you calculate and enter cost basis, how you handle dividend reinvestment if applicable, and how you treat commission fees. These documented decisions ensure consistency in your tracking approach. When you log similar transactions weeks apart, you'll apply the same methodology rather than handling them differently and introducing discrepancies.
MyATMM provides several features designed to help maintain accuracy:
Leveraging these built-in tools reduces manual calculation errors and helps you spot inconsistencies before they become significant problems.
The true value of resetting isn't just the clean slate—it's the opportunity to establish better tracking habits from the start. Use your fresh beginning to implement daily logging, weekly reconciliation, and consistent methodology. These habits ensure that a year from now, your MyATMM data still perfectly mirrors your brokerage account without needing another reset.
The ability to reset your MyATMM account to zero and start from scratch is a valuable administrative feature that supports several important use cases. Whether you're transitioning from testing to live tracking, dealing with significant data discrepancies, making major strategy changes, or creating educational content, the reset functionality provides a clean foundation for accurate going forward.
The reset process is straightforward but permanent. You systematically delete all ticker symbols from cost basis tracking, optionally clear historical ticker lists, remove all deposit and withdrawal records, and verify your account shows zeros across all dashboard sections. This complete data removal returns your account to its initial state as if you just created it.
The real work begins after resetting. You rebuild your account by matching your brokerage statement, entering your current account balance as an initial deposit, adding any existing positions with accurate cost basis, and then maintaining ongoing transaction logging. This rebuilding process establishes the synchronization between MyATMM and your brokerage account that forms the foundation of accurate cost basis tracking.
For option sellers practicing the wheel strategy, accurate cost basis tracking is essential. Premium collection directly affects your cost basis, assignments change your position status, and rolling decisions depend on knowing your true break-even points. MyATMM's reset capability ensures you can always achieve that accuracy, even if past tracking has become unreliable or you simply want a fresh start aligned with your current trading approach.
The demonstration emphasizes one critical practice: ongoing reconciliation between MyATMM and your brokerage account. Whether you've just reset or have been tracking continuously for years, regularly comparing the two systems ensures accuracy and catches any missed transactions or entry errors before they compound over time. This habit, more than the reset itself, determines whether your tracking remains reliable long-term.
If you're new to MyATMM, you can start with a free account tracking up to 3 tickers. If you need the ability to delete ticker symbols and reset your account, membership is required at $4.95 monthly, $12.95 quarterly, or $49.95 annually. Either way, you'll have access to purpose-built cost basis tracking designed specifically for option sellers who demand accuracy in their premium income strategies.
Options trading involves significant risk and is not suitable for all investors. Resetting your trading account tracking does not affect your actual brokerage account or reduce the risks inherent in options trading. Past performance does not guarantee future results.
This content describes account management features for educational purposes only and should not be considered financial advice. Accurate tracking does not guarantee profitable trading outcomes. Always understand the risks involved and consider consulting with a qualified financial advisor before implementing options strategies.
MyATMM provides purpose-built cost basis tracking for option sellers, with the flexibility to reset and start fresh whenever you need a clean slate.
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