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Stewdamus 2.0 Coming Soon...
Update on revised trading strategy soon to be officially announced.
First, allow me to say, I am so appreciative of my patient and loyal subscriber base. I started this thing a few months ago kind of as an experiment. I didn’t really think many people would watch my videos or care about technical analysis. I mean, it’s a pretty geeky subject and it can be dry and dull at times. However, I underestimated how many are really wanting to educate themselves, learn and understand, and better/enrich their own financial disposition.
The goal for me has always been:
To teach simple technical analysis subject matter that everyone can understand and utilize.
To help traders gain an edge on the market by applying these charting techniques and trade strategies.
I decided to start a paid subscription service simply so that traders could see what I was trading and how I traded.
However, I have realized several facts along the way (remember, this whole public trading thing is all a learning experience for me too!):
My trade strategy is extremely aggressive and can cost big (i.e. - LUNA).
I am not actually demonstrating the practices that I preach (i.e. - put in your stops).
I often become a hodl’er in a bear market rather than a trader. This last point is a big one as paid subscribers are paying to watch me trade! I mean, that is actually what I advertise the paid subscription is, a chance to watch me trade. But you can’t watch me trade if I am hodl’ing tight, can you? So, my strategy needs, at least publicly, to change! It will if I begin to practice all of the rules that I teach my subscribers, the big one being, “Put in those stops”!
I have come up with a potential plan to address these oversights. I’d like to get your feedback (both negative and positive) if you have any. I plan to start with a dollar amount, let’s say $10,000 for sake of illustration. The new plan will be to disclose this amount to all of my subscribers. The goal will be twofold:
Follow ALL the rules of good disciplined trading: safe weighted distribution, solid trade setups, good risk to reward ratios, and, of course, clearly defined sell stops.
To add zeros. If I were to start with 10k, I’d like to demonstrate how I added a zero to my portfolio in two years. Maybe, our goal here would be 3 years due to the fact that we will be practicing safer techniques? I’d like to see if we could turn 10k into a cool million in 5 years. I know that this is possible. And what better way to demonstrate the power of technical analysis combined with proper trade strategy than to show it publicly firsthand?
I plan to track progress publicly just as I did before via a shared spreadsheet.
*Sidenote: An idea I had was to make the spreadsheet public until the starting balance is increased by a certain amount. Paid subscriptions would also remain on pause until this point as well. Everyone is allowed to observe all trades until the strategy is demonstrated as a success.
An announcement of how I plan to move forward will be coming soon via video. In the meantime, I’d love to hear your feedback on the proposed changes. Please let me know in the comment section below.
What do you think?
Best to you all!