A Brief History of Chess
Roughly eighteen months ago, I randomly did a google search for “financial blogs,” and iBankCoin.com popped up. I clicked on the link, and as soon as I started perusing I knew that I would become a regular reader. The Fly and many other tabbed bloggers easily fulfilled what I would later learn to be the dual mandate for traders/writers on this site—Be right about the markets, and entertain. For a long time, I was a lurker, refusing to write in the Peanut Gallery or so much as write a comment. Reading iBC day in and day out certainly made me a better trader, but I knew deep down inside that I was not pushing myself as hard as I should have, despite being profitable.
Just over a year ago, I made up my mind that I wanted to be the absolute best trader that I could be, and I decided to try out The PPT with a membership. I can honestly tell you that I subsequently improved as a trader exponentially, due to the most comprehensive and breathtaking proprietary algorithm available to the public. The PPT allowed me to use my time more efficently and effectively when putting in my daily work on the markets. Moreover, the possibilities for scanning stocks were endless. At my fingertips, literally, I had the ability in less than one second to see which stocks were heavily owned by Goldman Sachs, had a huge short position, were oversold by the algorithm’s historical standard, and had recently improved technically, just to give you an example.
12631 is Born
“Anytime you stop striving to get better, you are bound to get worse.”
It is in that spirit, of pushing oneself to be as rigorous as possible, that The Fly has had the vision to allow RaginCajun and myself to pursue an affiliated service with The PPT, in the form of “12631.” 12631 will be available only to new and existing members of The PPT, because we are seeking to build on the success of the product. The idea is to extrapolate on the algorithm’s mathematical precision to isolate the very best individual trading ideas. RaginCajun and I have worked diligently both here on iBC, and inside The PPT, to provide timely market commentary and actionable trading ideas. Providing daily real time analysis and time-stamped trades on a website which receives well over 1.1 million page views each month is not for the faint of heart. I am proud to work with him, and we believe that our supreme work ethic and market knowledge will set us apart from other premium services.
In 12631, Ragin and I will offer a winning atmosphere for both novice and veteran traders. We will have intraday, daily, and weekly watchlists with the very best trading ideas. We will also supply a constant stream of charts, educational videos, and blogs. In addition, we will take what we deem to be the most relevant searches conducted by The PPT algorithm, based on whatever the current market conditions are, and we will probe them further through the lens of two experienced, profitable traders.
Both Ragin and I will continue to blog on iBC, although we will save the majority of our individual ideas for 12631. We are grateful for our strong reader base, and we look forward to working with many familiar readers inside 12631, as well as many “lurkers,” just like I was over a year ago, who are looking to push themselves to become a better trader than they ever thought possible.
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All the best to you and Ragin on a successful product launch- This promotion is well deserved and no doubt about it you guys will do an Awesome Job!
Cheers,
Steeler
Thank you, Steeler. Happy to have you as a loyal reader.
Chess, largely because of you I finally signed up for a whole year of PPT. But will I not be able to see your trading ideas now that you and RC are having another port? That is additional charge for PPT members?
Thank you, hubbs. I am very grateful to have you as a loyal reader who consistently gives feedback in the comments section.
12631 will be an additional charge. However, I want to stress the combined price of 12631 and The PPT will still be less than many other premium services out there. We believe it is priced generously and provides a tremendous value.
indeud.
I am sure its great value. For now where in PPT can I see your position/trading records? I am lost inside PPT.
hubbs,
Click on “User Notes” in The PPT and you will see records of trades being made. Also, as you know I’m sure, I post all of my trades and updated portfolios here on iBC.
The education you get will be well worth the small price of admission. We will be with you every step of the way.
Wait till you see the chat room, I.T. department wins again. It will be a trader’s paradise. We will not disappoint.
Thanks RC. I was hoping to be able to follow good leaders in each trade after joining PPT. I cannot figure out trading using PPT on my own and my training and profession has nothing to do with stocks and market.
Here, Here…Congrats! well deserved. Break a leg…
Thank you, Scott! Very kind. Happy to work on iBC with you.
Being a member for just over a year, the sheer amount of information just from the community is worth more than any other premium service I’ve subscribed to in the past. I’ve been told countless times…
That trading is an individual activity! I DISAGREE.
But much like bodybuilding.. the hard work, consistency and discipline must come from the individual but there is no reason that trading has to be a solo activity. Having a team assist can push you to new heights. Breaking thru barriers is something that a group can do more efficiently than a single person who must learn from their own mistakes.
That’s just the PPT Community! Add on RC, Chess and the Fly and you’ve got industry leaders.
I’ve already seen so much value add inside the PPT from Seasonality, to OB/OS Indicators, to screens. Even after 1 year, I’m still barely out of the newbie stages of using this tool. Having this real-time update, with videos and access to even more noise reducing information will make 2011 an unreal year.
Best of luck Chess. You deserve it. You put in the work and allow us to benefit from your efforts.
Thank you.
Thank you, MDA. I am looking forward to working with you more.
Excellent Chess, and you couldn’t have a better partner than RC!
Thank you, Mr. Wood! I agree about RC, as he is extremely deserving of this opportunity.
“I’ve already seen so much value add inside the PPT from Seasonality, to OB/OS Indicators, to screens. Even after 1 year, I’m still barely out of the newbie stages of using this tool. Having this real-time update, with videos and access to even more noise reducing information will make 2011 an unreal year.”
I agree 100% with the MDA’s above statement and hope to benefit too. I just hope that my schedule here in Hawaii, i.e., getting up at 12 E.S.T. won’t handicap me too much.
Thanks.
Thank you, Hawaii. I look forward to continuing to work with you inside 12631.
Chess, I looked up a few of your longs in PPT and saw “sell” or “strong sell” scores for WPRT and HMIN. So your decision of which stock to hold on to does not always have to do with the Hybrid Score? My initial reaction of looking inside PPT was to follow the score system and get rid of my stocks that score “sell” or “strong sell,” until I saw how some of your holdings score.
hubbs,
I always look at PPT scores. However, they are most useful when registering historically OVERBOUGHT or OVERSOLD conditions, with previous data supporting the reaction to those readings.
This is one of the main reasons why Ragin and I believe our 12631 service will be immensely helpful to existing members of The PPT.
Hubbs
Sometimes when ppt scores say strong sell, they are prime to buy. You really need to read about the ob:os signals
RC is god
Chess , RC, Fly – Thanks.
@Hubbs – PPT will take some time to use. There’s plenty of help in the forums, and you can watch traders with similar styles in the user notes.
Wow, what a team! Fly, Chess, RC and the PPT. Unbeatable. All of you have been so helpful. Can I buy shares in IBC? LOL.
Best of luck to Chess and RC, amazing talent!
Bill,
You’re the man. Really appreciate you being a regular reader and commenter in my tab. I look forward to working with you in 12631.
Dear Chess,
Looking forward to your new venture. I, too, improved my trading since becoming a member at PPT and reading your blogs as well. We all know how much time and effort you will both be spending on this. Please know that we all appreciate what you’re about to give us.
Regards,
Judy G
Judy,
Thank you for the feedback and kind words. I look forward to working with you inside 12631.
Thank you, chessnwine, Le Fly, and Yogi & Boo Boo. I will study up a little this weekend before I do much with my portfolio.
Chess
I have learned a great deal from reading your blog as well as the other members of IBC. I am looking forward to 12631 and learning how to more proficiently use the ppt. Congrats and many thanks!
Thanks! Look forward to seeing you there ctb.
good for you, bud…you’ve built a rep for quality analysis and showing up consistently. wish you the best of luck in this venture, as it sounds like a win-win for all involved
Boo going premium…sell out
Ragin and I will continue posting daily on iBC.
Maybe, but your tweets and charts will disappear just like John Lee’s did
I look forward to working with you inside 12631 and The PPT 🙂