I get that there are over a million market services out there - from the 'reputable' bloomberg to the boiler room operations that stock pumpers do. The newsletter business has a lot of bad people in it because 90% of them are fakes. It is truly sad because they really ruin it for people like us who are genuinely here trying to make people some money.
I get this question a lot - whether we actually know our stuff. At the end of the day, you really have three choices:
A: You take the plunge and try the service
B. You try ALL the newsletters out there and find out who the F is real
C. You don't do anything and try to make it all on your own
At the end of the day, it is a crap shoot. You can follow me for example on Twitter for years and see if what I say or do is real and maybe that will be enough to convince you that we do know our stuff at EQS. However, there will always be perpetual doubters out there and to them I say, "whatever floats your boat". It makes no difference to me if we get new clients or not. We service institutions and retail and our big clients ensure that our staff get paid year after year. The retail clients are always the most variable ones because we don't really know whether they'll stick around after every month ends.
Now, as a finance professional, I only need to watch what people do or what "wannabe traders" say to determine if he/she knows their sh!t. But to the untrained eye and ears, anyone who starts spewing words like EV or EBIT or TTM Cash Flow will appear to be a pro even when they are lying to their teeth.
At Equity Sense, we can only go so far to show that what we do here is honest to goodness work. At the end of the day, it is always up to you. You can choose to find a $29.99 newsletter out there or a $1000 service like fat man Sam or somebody like us for $150 or better yet - just learn on your own. I am sure the markets are super easy you'll be able to figure it out so quickly (I am being sarcastic). Because reality is, I am willing to help those who want my help but I could care less for those who are hopeless.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.