Good traders trade. Good letter writers write letters.- Ed Seykota

Did you know that writing bullshit about market is a multi million dollar industry? There is an interesting piece on marketwatch about Investment Newsletters

"Are there some good newsletters?" said John Markese, president of the American Association of Individual Investors. "Yes, but you still have to find one."
Deciding which newsletter fits your investing needs isn't easy. Perhaps 1,000 publications in the U.S. cover a gamut of investment styles. Many are buy-and-hold stock portfolios culled from old-fashioned gumshoe analysis. Others are disciples of share-price momentum and relative strength, while some rely on elaborate market-timing formulas or sophisticated futures, options and similar leveraged products.
Newsletters typically are delivered to subscribers weekly or monthly, with interim updates via e-mail alerts, Web site access and "hotline" telephone numbers. Such an insider's pass to authoritative, expert opinion certainly sounds appealing, but sometimes a newsletter's claims and tactics are difficult to understand, let alone justify.
"We've seen just about everything," marquees said. "Newsletter writers writing something, then claiming it means something else, or writing things that could not be deciphered. Short of 'My dog ate the newsletter,' we've read it all."
The investment newsletter business is itself no dog. By some estimates the industry takes in several hundred million dollars a year in revenue, but it's essentially unregulated. A 1985 Supreme Court ruling determined that financial newsletter publishers are not investment advisers under Securities and Exchange Commission regulations; all anyone really needs to pontificate on stocks is a printer and a mailing list.

The economics of newsletter is such that it makes lot of business sense for the writers. If you are a mediocre trader it reduces your market risk by giving you steady income. There is also no dirth of gullible fools willing to pay for such garbage. The new trend I have noticed is people using the blog to build loyal readership and then convert it in to paid service.

There is a constitutional protection for newsletter writers. No wonder you find so much bullshit in them.

Newsletters are exempt from the Investment Advisers Act of 1940 (according to a 1985 US Supreme Court ruling) and are not required to
* Register with the Securities and Exchange Commission as investment advisers,
* Provide proof of the number of subscribers they claim to have, nor
* Publish complete records of their past recommendations.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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