is for active traders who can handle quick-moving momentum stocks. This
newsletter will strive to be on the cusp of the momentum wave and always
move along with the hot money -- be it gold, oil, or tech. If you are a
dividend-loving investor who is afraid to enter and exit within minutes
if need be (for example, if there is a breakout failure), then this service
is not recommended for you.
levels of traders can benefit from our newsletter:
Novice Traders who need to learn a system of how to trade, and more specifically,
how to spot and interpret daily and intraday patterns.
Intermediate Traders who need a refresher course or want a confirmation
of their own readings on the market.
Advanced Traders who want another pair of eyes looking for possible set-ups.
to our newbie traders
note for new traders (originally posted in our Blog 10/29/2006):
new traders, our system--like any other closed system that provides background,
analysis, and advice for a specific area--holds a certain fascination. We
tell them what stocks to watch with entry, and discuss in the newsletters
how to take profits, and when to cut your losses. If you're new you can
learn a lot from this: you can familiarize yourself with a successful system,
you can recognize what kind of charts work, and what kind of charts do not,
you can learn how professional traders interpret patterns.
there comes a time when you must start applying our teachings to your own
data. We recommend that after several months of successful trading you start
running your own scans or looking through your own list of stocks. What
stocks, you ask? For one, you can look through the newsletters and you'll
soon come up with a nice list of usual suspects that we like to trade. Second,
you can go to Web sites such as Finviz.com and look through the stocks that
make up the different sectors of the market (filter with price >20, Average
volume > 1 million). By now you should have a good idea what kind of
charts we look at (and the kind of charts that we look at are the kind of
charts that the majority of break-out, momentum traders follow-- we're not
really doing anything unique.)
alerts on charts that you like -- if they coincide with ours, great, if
not, trade them anyway.
do we say this? We're 3 traders who send you a newsletter for basically
the price of a buck a day. All we should do for you if you are new is to
teach you what kind of charts to look at, and to understand what kind of
intraday conditions are of importance when you plan to enter a position.
After a while, you will enter the ranks of the majority of our subscribers
who use us to supplement their own readings and watch-lists. Ultimately,
this is where we want you to go. Why do we say this? Well, for one, you
should never rely on anyone but yourself. What if we decide to close our
doors, retire young, or run into unforeseen circumstances? (We're only saying
this rhetorically, of course -- we'd like to be around for a long time since
writing this newsletter has been one of the best decisions we have ever
made). Second, you will never be able to gain the required confidence if
you do not at some time stand on your own and trade your own selections.
And without confidence, you will never be able to evolve into a strong enough
swimmer to tackle the shark-infested, murky waters of the world of finance.