Sorry for the late night post, I wanted to get this off before bed as I’m traveling tomorrow. I’m going to have my usual weekend best idea and charts on sunday morning.
I wanted this post to be about some feedback I got after thursday’s post. I understand many of you want more from me and if enough people are interested, I’m willing to devote more of my time to this, so this post is more to gauge interest. Also by adding a second tier, nothing is changing regarding my substack. I will still send out my posts as always 4 days a week monday thru thursday and I will continue to post my weekend best ideas and charts as I always have.
New Tier
Alot of you trade these markets in a different manner than I do and I’ve never really taken it into consideration. For me, as a put seller, I typically look over option flows, make a gameplan and trade after the fact. With many of you, the feedback I get is that you buy calls or common stock and you want access to the trades intraday so you can scalp more. That’s fine and even if it doesn’t fit my personal goals, I have to be more considerate of all trading styles. On a typical day I spend much more time sorting/collecting data than actually trading, you see my book, I place a handful of trades per day and they are almost all put sales so watching every tick isn’t my style.
So, if there is enough interest I am willing to give this a shot to where I can dedicate my time to this 4 days a week. It would be a very large commitment from me, but I’m willing to make it, if the demand exists. That is a big if. So with that said, I created a channel in our discord called “Live”. If you’re interested, join that channel and monday what I’m going to do is go from the open at 8:30 my time until 12, just 3.5 hours, and then I’m going to take feedback from you all on what you like and don’t like. From there we will see. If you’re not a paid member on this substack, if you pay for 1 month, you have access to the discord forever and the main chat at least, this tier would be separate.
Alot of the feedback I get now is many people don’t even have “time” for my recap, so this new tier would not be for a busy person who lacks time, it would be for someone who has
A decent sized balance to trade with
An interest in live options data to help guide them
Time to dedicate as I will be posting live from 8:30-2 PM, 4 days a week.
A desire to work hard, this isn’t easy, but nothing worthwhile ever is.
What Will It Cost?
I don’t know. That’s why I want feedback from you all on the value you derive from it. Will it be cheap? No, but it won’t be anything outrageous. Again, this is not for everybody, only for those who are interested in a full day of live data. What is live data worth? It’s all subjective and based on what you are swinging per trade. This is what we will discuss it monday at noon after I wrap up and you see what I provide you all with. I don’t want to discuss anything until I show you what I think I can provide and how you can utilize it in your own trading.
What All Will You Get? How Will It Differ From My Substack?
Getting the information live is valuable as names move quickly many times right after a large put sale or a large call buy. So to act on this live is a big deal. The difference will be big, I can post charts and trends of many of the live trades I’m seeing. Perhaps a name comes up that has shown up many times recently, I can post those trends for you live with a chart so we can discuss how to think about trading it.
So to recap, from 8:30 am CST until 2 pm CST Monday thru Thursday, I will be in our discord on what will be a private channel posting
Live options data
Charts
Trade ideas based off Charts & Trends from my database
Trades I place intraday
What Does This Mean For My Substack?
I will be stopping my live feed at 2 pm everyday so I have enough time to hopefully get my recap out before the bell. The recaps take alot of effort to write up and I want to make sure I keep all those who just want the recaps, happy.
I’m not really sure how much demand exists,certainly plenty have made it clear they want more from me but I have to see how much demand is there. So again I will be giving a free trial monday, just join the live channel on the discord, and I think what you will see monday morning will impress you. I’m meticulous in how I organize things and it will be a very good product.
Also I left a couple polls below for those interested
Probably a stupid question but where's the discord link
This is a great idea, James. I’ve joined two similar groups since I started investing a few months back. Fwiw...
One group has a separate tier in discord, just as you’re describing. The guy runs a small fund and posts brief notes here and there, maybe 5-10 posts day on average. Usually a quick chart &/or note like: If SPY breaks below 3850 expect selloff. Or: Shorting IWM now. Yesterday he said hedge funds are deleveraging, probably not worth rushing in to trade banks just yet, more opportunities ahead. I would’ve liked more info, but I took the hint & held off, and the bank stocks tanked.
Those of us in the more active group have access to the main chat room (that’s probably an obsolete phrase but if so you get the idea), but our group chat isn’t open to the others; he posts some thoughts for all and some for the active group only. Occasionally someone posts a planned trade & he says nice move or sorta hints bad idea.
Everyone in the group feels free to post comments & q’s & updates on their own trades, but we respect his time & don’t expect him to respond to every message. Nice enough guy, small group of good ppl working hard everyday. I only joined in the last month, but it’s been valuable. Plus, a little camaraderie get you through weeks like this.
The other group is less valuable, so I just canceled in the second month. Hedge fund guy who posts “warm leads” & links to articles. Useful insofar as he researches value opportunities & occasionally shares an interesting idea with the group -- immediately after his group establishes its initial position, but before he takes it to a broader audience. However, he often posts only once a day, so it can feel like we’re all waiting for dad to get home. Not the best platform for bouncing ideas around. (Plus he’s a hardcore libertarian, which is fantastic etc., but personally I don’t care for heaps of far-right commentary with my morning coffee.)
The upside is that it’s mostly experienced older investors in that group (50+... I say that as a spring chicken of only 41 yrs ;) and they often post breaking news on stocks of interest to the group.
Not sure if any of that is helpful to you (or others who haven’t previously been part of a “live” trading group), but thought I’d share it just in case.
Grant