Change to Stewdamus Trade Alerts
Trading Fam,
As I continue to evolve in my trading strategy and also the type of content I post to my platform here on substack, I want to make you all aware of some changes to how I post trade alerts.
Trade alerts are a category (also found in a tab at the top of my newsletter) in which I notify all of my followers of trades that I have added to my public tracker. My tracker keeps track of all these trades and can be found here:
Previously, I was creating a new post for each trade. I would delineate the details of the trade from both a technical perspective as well as any fundamentals if relevant. Additionally, I would post the details of the trade including: target, stop loss, risk-reward-ratio, entry price, etc. All of this information might be a little overkill, and since it is also tracked on the spreadsheet, it is redundant to some degree and thereby unnecessary.
I will now be posting most new trades via notes or on X. You can follow either of these feeds with notifications turned on for the latest trades. For example, I just re-entered OKLO. You should find a new note on this in both locations, and you can then follow the link to the tracker to find further details.
By posting trades in this manner, I hope to reduce unnecessary newsletter traffic to your inbox as well as minimize the amount of information that may not be of interest to you.
One final note. Though I haven’t officially announced it yet, you may also choose to follow me on the dub app. I have been beta testing an account with a very small amount of funds here (increasing soon) to ensure that the app will do what it says it will do on the box. So far, my experience has not been okay, though there are a few caveats that I would like to bring to your attention before you choose this method.
First, the positives:
The biggest positive is that if you have little to no interest in making your own trades manually, based on what I trade, your trades can be automated. When you sign up for DUB and choose to follow my ‘Stewdamus Trades’ portfolio, you may designate an amount of your choosing to copy my portfolio trades. This makes it easy, automated, and completely hands-off for you. When I make a profit, you make a profit. I am further incentivized to profit by being awarded a small commission for each successful trade. It is really a no-brainer in the truest sense of the phrase. At last check, my portfolio was up 14% in the two months I have been testing this account, all while stocks have gone sideways to down. The goal is to capture the type of profits I have exhibited via the Trade Tracker, and I am sure this won’t be a problem.
Another benefit is the relatively low cost of joining the DUB app and copying a portfolio. When I first joined, it was around $100 per year.
A final benefit is that you may follow anyone you like. I am not even attempting to sell my portfolio here. I’d like for the portfolio to eventually speak for itself, but I understand if it’s not for you at the moment. My goal all along in this venture has been to help the little guy make money. I will stay true to this focus and not attempt to sell my worth only because I will make a little money. So, do yourself a favor and check out DUB!
Now, the negatives:
I am only able to make one portfolio re-allocation per day. This means that if I happen to find another great entry after re-allocating my portfolio, I cannot make that entry until the next day. It also means that if I want to exit a trade after re-allocation, I cannot do so until the next day. You can understand the inherent risk here in this volatile market.
I cannot set stop limits or limit orders. Each trade must be entered manually by me and exited in the same way. Though eventually, these features may be added, they are currently not available.
I cannot short. This is a long-only market order platform. The trading instruments available are still relatively limited. Again, these options may grow in the future, but for now, this is where the app is at.
Not all assets are available for me to trade. For example, the other day I was looking for a specific Bitcoin ETF to enter. There are almost a dozen. I could only find a few. I had to utilize what was available to me at the time. Not a huge deal, but it may limit my trade options at times.
The app is still new, so there are occasional hiccups. The other day, I was hoping to hop into UVXY (Ultra VIX). I would have made a massive profit in this entry and would probably still be holding to this day; however, the trade never executed. I contacted support to find out why. They explained there was a “technical issue” on their end. The best I got was an apology. Not enough to make up for the doubling or even tripling of profit I could have had.
All of this being said, I am overall happy with the experience and am glad to have found an app that allows my followers to copy-trade my portfolio. Check it out here if you find this to be of interest.
✌️Stew