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.
This won't be that. This will be me posting hundreds of times in a day. All those trades you see in my daily substack table, I will be posting those live as they happen + charts + analysis as we go through the day offering potential ideas.
Like I said Monday I will devote 3.5 hours of my time for free, people can see what it will be, we will then talk in the discord afterwards on what people liked and didn't like. If there is enough interest I will move forward, if there isn't then I won't dedicate myself to it.
The main thing is many the other day said they want more, not less, I can't do more on my substack it's just a small recap, I can't ever get trades to people live through it. If there is enough demand to where its worthwhile for me to dedicate myself to it, fine, if not, no harm. So we will see.
It’s going to be a while separate server and that’s exactly what it is. Tomorrow is just a trial for people to see and then we will discuss afterwards and if there is enough interest we will go to the other server
I trade much like you do except that I also see some calls. So I'm less interested in live trading. Besides, live trading would require too much of my time to make it worthwhile.
I appreciate your thinking about different people's needs. Thanks.
What would be most valuable for me would be access to the DB so that I could look up stocks as I find things of interest.
I like the idea of the demo and feedback. Better to do that than launch a product blindly. I personally am not quite free enough or consistently enough to active trade to make a higher tier worth it. I like that with the current tier you get the recap out before the close and I can skim it fast enough to know if I need to do something immediately. Between that and your public comments I'm satisfied with what I'm getting. I also got in at a good price so the value is especially good for me. I hope this new endeavor works out for everyone though.
Hi, I suggested this to you in a YouTube comment. You give the most valuable information, and I’m in no matter what. I hope you include your trades. It helps when I’m trying to learn what you saw at that moment that caused you to sell or close the put.
I’m unsure if you've ever watched Maverick of Wall Street, but he has three tiers; at the end of credits are his highest tier members. They pay 100 a month, and I think there are at least 100 people, if not more, by now. He has thousands of people in the second and third tiers, and I believe your information is much more valuable than his. He has his members link their YouTube to Discord, and it shows what’s membership they are in by the color of their username.
I’m in no matter what. You always answer my questions and are the only person I know who puts his money behind his data. That hits differently for me. I hope you consider including your trades that day; it takes me considerably longer to look through your portfolio if I’m reading the sub on my phone, but either way, count me in
I will definitely post what I do intraday, what I’m saying is I don’t want to write up and answer questions on how or why I do what I do. Everyone wants me to answer why. Does it matter? Like I said for me the daily recap is just meant to be a cheap way to access data. The live will be the same data live with the intention of giving you more time to act on it with the caveat that equities sometimes rally instantly after so there is money to be made for those who swing calls or buy shares, I don’t do that so it’s never been an important thing to me but for many it is and I understand what they want. Like I said before anyone commits to anything, monday, I’m going to give you all a near 4 hour demo and then answer questions after so we can all be on the same page
You are underpriced for the information you provided, and I don’t mind paying more.
I never asked questions on any of your trades except if you were still in 1 of them. The reason I like to know when you placed them is to try and figure out what made you take them at that moment. Maybe one day you can have a 3rd tier that includes that, but regardless, I’m no matter what the next tier includes because I would pay more for what you’re already providing
I wouldnt say underpriced because I wanted the data accessible to everyone. I know it's expensive to see the same data and harder to decipher it and I wanted something easily accessible to everyone. What I wasn't planning for was a barage of questions around the data, the want for it to be accessible faster, the desire to know more about why I was doing certain things. For me, the substack was simply a cheap way to access institutional data in an organized manner. I did not want to devote time to it and every new thing people asked for added another layer of work and the math just didn't make sense on my end adding all this extra functionality for the same dirt cheap price. That's why I said nothing will change in regards to my substack as far as data received.
The live tier will just be the ability to see it faster and with more commentary from me regarding the charts, flows,etc in these tickers. It's not for everyone, but for those looking for alot more, I can provide it, assuming there is enough people to make it a worthwhile venture. Monday, I will give it my all and people can see what they will get it. I hope you're there and then afterwards I will take questions/comments
Hey, when u initiated the article by speaking about us stock traders I was very interested as I am just that now - although I am interested to learn about put selling. To be to the point I would be much more interested in a swing trading type of analysis for stock traders than a scaloing service. I want to take longer term bets, days/weeks/months, and ideally, if good, hold forever like Buffet.:) (and getting a good entry is important to do that), Is there a basis for such trading in ur analysis? Also getting clear input on balancing long vs short portfolio exposure would be valuable to me. Thx!
Well, that's not even what I do so I can't really help with that. My focus is on using put selling to generate income today. Warren Buffett uses the same leap puts I use and holds them to expiration. That's how he scales in. He sells long dated puts and lets stocks come to him when he wants to. Other times like OXY he just buys on the open market constantly. Is there a basis? Sure I sell puts at key levels longer term but I don't often hold them all the way through, you could hold them all the way through.
Yeah, I don’t really understand that u say ur analysis is not useful for this. If u see interesting options activity doesn’t that imply long interest in that stock for a while fwd? Also if u can indicate key price levels that could help entry and exit? And finally I hear u discusd overall market trend and when to press and when to be more defensive - all very interesting from a swing trading perspective, no? Cheers!
What I mean is things change over time, I’m not the type to say buy and hold this forever. Is it helpful? Of course, but things change along the way, and you have to change your thesis too so it’s hard for me to discuss long term investing.
Sure I agree relating to long-term Buffet-style:) But again don’t u think holding periods of days and weeks could work, as well as general market oulook bull vs bear? Thx!
Probably a stupid question but where's the discord link
It should be in your welcome email but if you can't find it email me and I will send you another
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
This won't be that. This will be me posting hundreds of times in a day. All those trades you see in my daily substack table, I will be posting those live as they happen + charts + analysis as we go through the day offering potential ideas.
Like I said Monday I will devote 3.5 hours of my time for free, people can see what it will be, we will then talk in the discord afterwards on what people liked and didn't like. If there is enough interest I will move forward, if there isn't then I won't dedicate myself to it.
The main thing is many the other day said they want more, not less, I can't do more on my substack it's just a small recap, I can't ever get trades to people live through it. If there is enough demand to where its worthwhile for me to dedicate myself to it, fine, if not, no harm. So we will see.
That channel needs to be only you with a separate channel for comments or questions.
Otherwise the signal will be lost.
It’s going to be a while separate server and that’s exactly what it is. Tomorrow is just a trial for people to see and then we will discuss afterwards and if there is enough interest we will go to the other server
I love the idea. I’m in.
I trade much like you do except that I also see some calls. So I'm less interested in live trading. Besides, live trading would require too much of my time to make it worthwhile.
I appreciate your thinking about different people's needs. Thanks.
What would be most valuable for me would be access to the DB so that I could look up stocks as I find things of interest.
I like the idea of the demo and feedback. Better to do that than launch a product blindly. I personally am not quite free enough or consistently enough to active trade to make a higher tier worth it. I like that with the current tier you get the recap out before the close and I can skim it fast enough to know if I need to do something immediately. Between that and your public comments I'm satisfied with what I'm getting. I also got in at a good price so the value is especially good for me. I hope this new endeavor works out for everyone though.
Hi, I suggested this to you in a YouTube comment. You give the most valuable information, and I’m in no matter what. I hope you include your trades. It helps when I’m trying to learn what you saw at that moment that caused you to sell or close the put.
I’m unsure if you've ever watched Maverick of Wall Street, but he has three tiers; at the end of credits are his highest tier members. They pay 100 a month, and I think there are at least 100 people, if not more, by now. He has thousands of people in the second and third tiers, and I believe your information is much more valuable than his. He has his members link their YouTube to Discord, and it shows what’s membership they are in by the color of their username.
I’m in no matter what. You always answer my questions and are the only person I know who puts his money behind his data. That hits differently for me. I hope you consider including your trades that day; it takes me considerably longer to look through your portfolio if I’m reading the sub on my phone, but either way, count me in
I will definitely post what I do intraday, what I’m saying is I don’t want to write up and answer questions on how or why I do what I do. Everyone wants me to answer why. Does it matter? Like I said for me the daily recap is just meant to be a cheap way to access data. The live will be the same data live with the intention of giving you more time to act on it with the caveat that equities sometimes rally instantly after so there is money to be made for those who swing calls or buy shares, I don’t do that so it’s never been an important thing to me but for many it is and I understand what they want. Like I said before anyone commits to anything, monday, I’m going to give you all a near 4 hour demo and then answer questions after so we can all be on the same page
You are underpriced for the information you provided, and I don’t mind paying more.
I never asked questions on any of your trades except if you were still in 1 of them. The reason I like to know when you placed them is to try and figure out what made you take them at that moment. Maybe one day you can have a 3rd tier that includes that, but regardless, I’m no matter what the next tier includes because I would pay more for what you’re already providing
I wouldnt say underpriced because I wanted the data accessible to everyone. I know it's expensive to see the same data and harder to decipher it and I wanted something easily accessible to everyone. What I wasn't planning for was a barage of questions around the data, the want for it to be accessible faster, the desire to know more about why I was doing certain things. For me, the substack was simply a cheap way to access institutional data in an organized manner. I did not want to devote time to it and every new thing people asked for added another layer of work and the math just didn't make sense on my end adding all this extra functionality for the same dirt cheap price. That's why I said nothing will change in regards to my substack as far as data received.
The live tier will just be the ability to see it faster and with more commentary from me regarding the charts, flows,etc in these tickers. It's not for everyone, but for those looking for alot more, I can provide it, assuming there is enough people to make it a worthwhile venture. Monday, I will give it my all and people can see what they will get it. I hope you're there and then afterwards I will take questions/comments
Hey, when u initiated the article by speaking about us stock traders I was very interested as I am just that now - although I am interested to learn about put selling. To be to the point I would be much more interested in a swing trading type of analysis for stock traders than a scaloing service. I want to take longer term bets, days/weeks/months, and ideally, if good, hold forever like Buffet.:) (and getting a good entry is important to do that), Is there a basis for such trading in ur analysis? Also getting clear input on balancing long vs short portfolio exposure would be valuable to me. Thx!
Well, that's not even what I do so I can't really help with that. My focus is on using put selling to generate income today. Warren Buffett uses the same leap puts I use and holds them to expiration. That's how he scales in. He sells long dated puts and lets stocks come to him when he wants to. Other times like OXY he just buys on the open market constantly. Is there a basis? Sure I sell puts at key levels longer term but I don't often hold them all the way through, you could hold them all the way through.
Yeah, I don’t really understand that u say ur analysis is not useful for this. If u see interesting options activity doesn’t that imply long interest in that stock for a while fwd? Also if u can indicate key price levels that could help entry and exit? And finally I hear u discusd overall market trend and when to press and when to be more defensive - all very interesting from a swing trading perspective, no? Cheers!
What I mean is things change over time, I’m not the type to say buy and hold this forever. Is it helpful? Of course, but things change along the way, and you have to change your thesis too so it’s hard for me to discuss long term investing.
Sure I agree relating to long-term Buffet-style:) But again don’t u think holding periods of days and weeks could work, as well as general market oulook bull vs bear? Thx!