by Gavin M.
A lot of people who go into this trading world think they can make a ton of money selling their ideas. There are lots of services and subscriptions out there. We are definitely one of them. However, I'll be honest with you. While we have a very strong client base, we cannot fully rely on them to keep us afloat during the bad times.
This business is cutthroat - clients can choose who they want to be with almost in an instant. Is it sustainable? To a certain extent but almost always for every 10 people who start their own "newsletters" maybe 1 or 2 survive. This is the truth - unrated and very real.
We at Equity Sense are blessed to have great clients and the support from them is tremendous. We always hope for the best but prepare for the worst. We know that when times are tough, we are the first one to get cut off by our clients because we are to some extent a 'want' and not a need.
So the cautionary tale here is this. There's nothing wrong with selling your ideas and services properly. Just be prepared that in a saturated business like this, it can be more or less a client's market rather than a firm's market.
Whichever service you choose, pick the one that most suits you as a trader and as a person. It is important to you understand the culture of the firm or person giving you trading insights and more.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.