First of all, I want to express my deep appreciation for your support of my efforts and this website. My contact with each of you has been, without exception, 100% positive.
I’m writing this note to explain the direction I intend to go as a trader and what that means to supporting this website in it’s current form. My trading life begain with a focus on SPX options, which is what I did for several years in parallel with single stock trading. Over the past couple of years I have traded primarily single stocks, and I believe there are certain benefits to taking that approach. However I’ve also come to realize that some aspects of trading so many different instruments does not play well to some aspects of my personality: that approach creates a lot of “noise” that can make it more difficult for me to stay focused on the underlying current of the market. Don’t misunderstand: I do just fine trading single stocks, as I did with trading SPX options, but it creates a different life experience for me in terms of my overall state during trading, and often, afterwards. I am a person with traits that lend themselves, I believe, to a narrower, deeper, more thoughtful approach to trading than what is offered by chasing every tradable pattern in virtually every stock.
So, my intent is to narrow my focus substantially, perhaps all the way down to trading a single instrument, in lieu of searching for tradable patterns in the various single stocks. As a result, I do not intend to continue my efforts to provide single stock setups as I have done in the past with this site. Rather, I intend to turn off the subscription service and use the site as my personal blog on my trading, my research in trading, and eventually as a platform to provide some kind of value added service to other traders. The form of that service is yet to be determined: it will depend on the direction I go as a trader and the extent to which I can provide something of value to other traders. My overall objective, however, is to put trading first and avoid creating website content that makes my trading more challenging, which has been the case with my approach of posting ideas and instant messaging my thoughts throughout the trading day.
So, for those of you that recently made a subscription payment, I will refund that to you, and if you are mid-way through a subscription period I will refund part or all of that payment. I will review the subscription period for each person and consider what is the fair thing to do. My overall objective is to make sure every single subscriber feels treated fairly, so I’m committed to making sure that is the case.
To each of you…thank you for your support and as we move forward, look for posts on how and what I’m trading!