So its been about a year that i've been experimenting with blogging / tweeting my trades / market thoughts. As a former flow / prop trader for one of the larger investment banks, i used to just talk with other guys on the desk about our trade ideas to come up with what we thought was "market consensus". Now that i've gone out on my own, its been a process of finding the right balance of reading social media "news" and talking with my former dealer buddies to recreate this experience. As any trader can attest, the market can be a humbling beast.
I've found twitter to be a really good resource for market news, and also a convenient platform for sending out trade ideas...it fits nicely with the short attention span of a trader like me. Sometimes there are trading ideas that require more than 140 characters...which would make for better blog entries or entire articles...but my attention span usually keeps me from creating these.
I've also found that very few people understand my supply-imbalance model....and the supply distributions that result seem to catch a lot of people off-guard.
Over this time i've received many requests for more in-depth articles, as well as more detailed trading plans and more commentary on why i post certain trades on twitter...why i entered...why i exited when i did..etc...expecially when i identify a supply-imbalance Since this blog, and twitter, were originally just a place for me to vent / note my trading ideas to keep track of my own trading, i never considered this platform would receive as much attention as it ha.
At the request of my readers, i'm going to try something new. I'll create more detailed and in-depth write-ups of my higher confidence trade ideas (still in real-time) along with tweeting my actual trades and thoughts as the market develops, and send them out to subscribers of a newsletter type of service. I'll still post on twitter...and sometimes on this blog...but i'll save the best (and real-time content) of my ideas for subscribers of this new subscription product. I'm not sure how much to charge...its been suggested 500/month. I'm sure professional traders and institutional traders wouldn't blink at that price (i used to pay a strategist 10k/month just to talk to me...but that was the investment banks money...so its a little different). I'm assuming that most retail account type traders have 25k in their futures trading account. With an account this size, trading in clips of 5 ZN contracts (6k of margin) seems fairly reasonable to me.
For my introductory period, i'm only charging $250 / month for this subscription.
Where 5 ZN contracts = $156/tick utilizing 6k of margin....i'm fairly confident that a single day of successful trading will pay for a months subscription service. Larger traders just get to ride the coat-tails of the smaller guys...its something i can live with.
So, if you like the in-depth type of articles that i used to post on this blog...and if you like following my trades on twitter, then subscribe to my new service. It will be in both email format...like a newsletter for ideas that are too large to post on twitter, in addition to a private twitter feed for those real-time messages that just can't wait...such as trade entries and exits. The frequency of the newsletter will depend on the market. When i see supply-imbalances in the market, this newsletter service will be the only place i'll post that info. That alone should be worth at least 2-4k/month to a retail account trading futures with 25k in your account. I'll also create a special twitter feed that only members of the newsletter will have access to..so you can get my full trading ideas as they develop in real-time.
So...in summary...this is what you'll get for 250/month (using paypal of course).
1) A newsletter with detailed descriptions of the market profile...and how i read them.
2) Access to my private twitter feed (this will be new) detailing my trades in real-time.
3) The only place where my supply-imbalance analysis will be posted (this is the liquid gold).
4) RV (relative value) analysis when appropriate, indicating the best instrument on the curve to trade
to achieve maximum P&L potential.
Since i'm a trader and not a journalist, please forgive my grammar.
The button to join the subscription service will also be posted on the top of this blog.
Welcome to the new frontier....
PS. A few details
1) You must provide an email address so I can send you the supply-imbalance emails.
2) You must provide your twitter handle so i can authorize you to see my private twitter feed.
3) Subscriptions require a Paypal account