This weeks Journal commentary:
It has now been a full year since we started the weekly Savvy Trader Growth Stock Journal. A time for a little reflection and grounding is in order. With the first year of publication in the middle of a bear market, hopefully, the second will be the beginning of a bull, but in any case, we plan on continuing to provide the information necessary for Capital Growth and Preservation.
We started the STGSJ to go back to the roots of the style of trading that I grew up on, that being short term position trading. The idea was that we would meet a larger audience of folks who don't spend their days in front of a quote screen. And get away from the daytrading mindset, which had caused so many people to lose money in an area which the risk wasn't defined and most were ill suited for. Additionally, we hoped to transfer much of the workload from the daily to the weekly Journal. Frankly, after 3 years, both Jennifer and I were drained after spinning our wheels 18 hours a day 6 days a week.
So, what has worked, what hasn't and what can be improved upon?
The short term trading has worked as expected, trading stocks in strong groups between support and resistance when the market risk is favorable does provide capital growth with preservation. It has allowed us to follow a select group of stocks and "know" them much better. And to tighten the criteria on both our Category 1 and 3 stock scans which reduced the number of stocks we had to review, while improving the percentage of profitable positions.
As far as the audience goes, I still believe there was, and is, a migration of sorts, from daytrading and long term investing to short term and positions trading where one pays attention to risk. Though still small, our membership has increased three fold during the last year. However, it still fails to pay for the time and site costs, but gets closer by the month.
In part, while we started doing the Journal and modified the daily for better short term trading ideas, we still spend a large amount of time looking at stocks, answering e-mail and membership services, so we have not yet achieved a good balance of our time. At some point, we hope to be able to hire help with some of the duties so we can expand service without consuming more of our limited time.
There is still no site or newsletter that compares to Savvy Trader in providing the best market risk, group strength, and outstanding stock picks with defined risk/reward......at an incredibility low price too.
But, we need your input, to grow and improve we need to know that we are providing a service that you can use. So, please, please drop me a note with any feedback you might have.
Have a good week,
Sam
Sam@savvy-trader.com
