Why no newsletter

I get lot of emails asking for a newsletter. I do not have any newsletter and no intention of starting one in near future. My intention has always been to make profit from trading. There are at least 2-3 newsletters for every trader currently.

Newsletter involves lots of work plus marketing. Marketing is 90% of the effort in newsletters. Besides that it requires lot of day to day administration. I can make more money in trading than running a newsletter.

Second most successful traders who start newsletter see their trading results go
down.As newsletter becomes more successful the writers trading returns deteriorate. The newsletter income creates a sense of assurance which leads to losing focus on trading. Possibly you lose the killer instinct to eke out living from trading.

Third when you get in to newsletter you start picking safer stocks, so as not to loose your face and your risk taking ability decreases. That is also one of the reason newsletter writers externalize the problem, blaming market conditions. So in essence they cover their ass.

Newsletter writing is the safer option, trading is the more riskier and more profitable option.

Later: Why coaching and mentoring does not work in trading .....

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.

5 comments:

buza said...: You are awesome! I am a new investor and i have learned more on your blog and how straightforward you are about techniques to make money in stock... Thankx!!; Apr 24, 2007, 1:33:00 PM
Pradeep Bonde said...: Thanks; Apr 24, 2007, 6:02:00 PM
LP said...: Deep,

I look forward to the Coaching and Mentor article. BTW, good job on the longer term trades. I need to spend sometime undertstanding the core of your methodology. It looks pretty good.

LP; Apr 24, 2007, 7:37:00 PM
gosu said...: This is what works for me in Trading:
Watch the market 24/7.
Watch the futures 24/7
Watch the international markets 24/7

Very soon, you get a pulse of the markets and can easily predict the moves.; Apr 24, 2007, 10:15:00 PM
Bryan Matthews said...: 'There are at least 2-3 newsletters for every trader currently.'

This too, will change...; Apr 25, 2007, 2:17:00 AM

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