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The bulls continue to make progress in the afternoon part of recent trading sessions, which sure beats fading miserably after a strong morning, as we saw many times in the third quarter. It is also nice to see volatility continue to slowly abate. I am seeing more and more breakouts happening, which is a positive sign for longs. That said, I am staying methodical in adding long exposure here, focusing on the very best charts.
Hubris is something that traders constantly struggle with, in the sense that we look for trades where conviction is high, but have to be nimble in making adjustments should things start working against us. Running the 12631 Trading Service along with @RaginCajun, we put ourselves out there all day, every day, completely exposing our portfolios, ideas, and trades for members to see, in addition to the work we put in here on iBankCoin.
With hundreds of loyal members sticking with us through all types of markets, behind a double paywall in The PPT, there is little doubt that we offer a first class service and community, complete with a state of the art chat room. What makes us special is not cherry picking winning trades or sweeping losing ones under the rug, like many traders do, but rather pulling for each other in a genuine, non-passive aggressive way. At the end of the day, that is why 12631 is not only still around, but stronger than ever and growing as we speak.
I will be back with more thoughts about the market in my recap after the bell. To learn more about 12631, click on that hyperlink or feel free to ask me questions in the comments section of this post.
I think you’d get a lot more subs if you offered a service outside of the PPT
The type of trader you cater to may not find much benefit in the PPT but would get a lot from 12631
We incorporate the algorithm into our analysis a great deal, so it actually acts well as a compliment to The PPT. Nevertheless, to your point, there will always be a fair amount of traders who would prefer us be standalone.
I understand the idea of the stand alone, but the PPT is a killer tool and as you mention, is used for 12631 set up all the time.