Right Side of the Chart (RSOTC) provides analysis & commentary on US and global financial markets including stocks, bonds, commodities, precious metals & currencies as well as trading & investment ideas using an educational approach. The site offers free content as well as premium services for a modest subscription fee.
The trade ideas on RSOTC generally falling into one of two categories: Swing Trades, which are trades with typical holding periods ranging from a couple of weeks to several months and Long-term Trades with expected holding periods typically 6-12 months or longer in some cases. The Long-term Trades trades are often referred to as investments or trend trades, as the aim is to capture the bulk of the current primary bull or bear trend of the stock.
While technical analysis (charting) is primarily used for shorter-term trades, a combination of both technicals as well as fundamental analysis is used to identify the most promising Long-term Trade ideas. RSOTC includes an extensive video library in addition to regular postings of the latest market commentary, new trade setups as well as updates to existing trade ideas.
Although some of the shorter-term swing trade ideas occasionally reach a profit target the same day that an entry was triggered in the trade, due to the explosive nature of breakouts from certain technical patterns which act like coiled springs, Right Side of the Chart is not a day trading site. Day traders, by definition, only seek relatively small profits on very quick, intraday trades and close out all positions by the end of each trading day.
Right Side of the Chart is not a broker dealer. The market commentary and trade ideas shared here are for illustrative purposes only. None of the content published on the site, including the trade ideas, should be construed as a solicitation to buy and sell securities. Those associated with Right Side Of The Chart, including Randy Phinney, may or may not have positions in some or all of the trade ideas discussed here. Please view our disclaimer for additional information.
Right Side Of The Chart (RSOTC) offers both free and premium content. Free content includes access to some (but not all) general market commentary, educational articles and trading tips, as well as unlimited access to the archives of all past market analysis*, videos and closed trades. (*All posts related to closed trades are immediately released as free content with premium market analysis available to the public after a limited period of time).
I find these archives to be a very useful tool in my trading as I can look back to study the price action of a particular stock, ETF, or technical pattern during various market cycles. This allows me to get a feel for how certain stocks or ETFs have acted in the past and often serves as a valuable tool when trading those specific securities or price patterns going forward. Another reason for archiving every single post made on RSOTC, including all trade ideas, both winners and losers, is to provide a means for reviewing the performance of any or all trade ideas posted since the inception of Right Side Of The Chart, from the trade setup and/or entry to the completion of every trade & all of the updates posted along the way.
As RSOTC provides trading & investment ideas geared towards various trading & investing styles; from active, short-term traders; typical swing traders; trend traders; and even long-term investors, being able to view all notes & charts associated with each trade, from setup, entry, and completion (profit target hit or stopped out f0r a loss) is the best way to get a feel for the overall performance of the trade ideas shared on RSOTC that mesh with your unique trading style.
There are a few aspects of Right Side Of the Chart that I believe set it apart from most other trading & investing services:
- Integrity: Honest, relevant & useful analysis without misleading or deceptive claims of guaranteed success or some easy way to beat the market with minimal effort.
- Quality of Trade Ideas: No other service, be it another website, newsletter, etc.. matches the overall performance of the trade ideas that have been posted on RSOTC since the site was officially launched on Jan 1, 2012. Every trade idea ever posted, winners and losers, are indefinitely archived and easily accessed for both accountability as well as an educational resource to reference the past trading history on specific stocks, ETFs or technical patterns.
- Explicit entry points as well as explicit exit levels on all trade ideas, which are defined in well in advance. You won't find after-the-fact, hindsight analysis here other than to point out a mistake made or lost opportunity as a educational example, as the market is an everlasting teacher. To loosely borrow on a quote from Ralph Waldo Emerson: Perfection in trading is a journey, not a destination.
- Straight-forward analysis. No fluff or extraneous "fillers"- just clear, concise & actionable trade ideas and market analysis.
- Timely and actionable trade ideas: Although a particular stock or index my be tracked for months or even years, trade ideas are often posted as close to breakout or objective entry as possible, along with clearly defined entry & exit criteria.
- Skin in the game: Professional, full-time trader since early 2007.
- Experience. Business major graduate, former stock broker turned full-time trader.
When developing this site, accountability and the ability to view the past results of both market analysis as well as the performance of all trade ideas posted on RSTOC was a priority. One of the driving forces that prompted me to start RSOTC was the fact that in all my years of trading, I have yet to come across a single trading or investing service that provides a means to clearly & accurately view all former market commentary and trade ideas. Unfortunately, deceptive and outright false claims of stellar performance abound in the investment & trading world, especially in the less-regulated cyber-sphere.
Since the inception of Right Side of the Chart, every single post that has been published, e.g.- every market commentary, including all charts as well as all trade setups & the follow-up charts and commentary associated with each trade, are archived indefinitely and are easily accessible to both subscribers as well as the general public.
All trades, winners and losers, as well as all market commentary, charts or any post made since RSOTC was officially launched on January 1, 2012 is available in its original, *unedited form. (*published posts are occasionally edited after the original publication only for grammatical errors and typos or related errors such as mistakenly attaching the wrong chart, as these types of errors are somewhat common as due to the time-sensitive nature of many trade ideas & market updates, commentary & charts are often composed & published asap, then proofread for typos after-the-fact with typographical errors often pointed out by followers of the site...thank you!).
There are several ways to review the performance of trade ideas and market analysis on RSOTC:
- The Completed Trades Archives. On the menu bar near the top of the site, hover over the Trading & Investing Ideas category. From the sub-menu that pops up below, select Ccompleted Trades in order to view all completed trades, both long & short as well as the typical swing trade ideas along with the Long-term Trade (investments) ideas. From there, all trades can be viewed in reverse chronological order (most recent first) and you can even select to view trades by calendar year. Another option is to click on any of the ticker symbols in the "symbol cloud" at the top of the page. It is highly recommended to watch the Site Navigation and Tips video in order to take full advantage of the features available on RSTOC and most efficiently access the archived trade ideas and commentary.
- Ticker Symbol Tags. Every post that discusses a particular stock, ETF, index or other financial instrument is assigned one or more Tags, which allow that post to be easily referenced in the future. Symbol tags can be referenced at the top of each Trade Category page (e.g.- Long Trade Setups, Active Short Trades, Growth & Income Trades, etc..). The tag or tags assigned to each post can also be found at the lower right-hand corner of that post. Finally, the "Select Ticker" dropdown box in the right-hand sidebar of the main page of the site can be used to quickly reference any symbol tag. All tags are hyperlinks which, when clicked, will bring up all previous posts associated with that symbol or "tag". Note: When clicking on a tag within the tag cloud of a specific trade category, such as the Active Trades, only the posts on that ticker symbol associated with the current trade will be shown. This is covered in the Site Navigation & Tips video.
- Using Categories. Let's say that your main interest lies in trading the ES mini futures or some other broad market derivatives or maybe you prefer to trade gold, silver, or various commodities. In addition to the symbol tagging system, each post is assigned one or more categories. Categories work in a similar fashion to the symbol tags where each post is assigned to one or more categories with the category(ies) appearing just below the title of each post (to the right of the date box). As with tags, you can simply click on the category that you are interested in viewing as these are also hyperlinks. The various categories can also be easily references from the main menu at the top of each page. Selecting the Gold & Commodities category will bring up all posts related to gold & commodities including gold & silver mining stocks.
The 3-week free trial period provides Gold level access. If you decide to join RSOTC once your trial period has expired, you will have the option to choose either a Silver or Gold level membership along with the term (monthly, quarterly, semi-annual or yearly). After your trial period has expired, you will be automatically redirected to the membership options page upon logging on to the site using the same login credentials as you did during your trial period.
After your 3-week free trial period has ended, should you decide to become a Silver or Gold member in order to access premium content such as the trade ideas or access to the trading room, the process is as follows:
Upon logging in for the first time following the expiration of your free trial period, you will be re-directed to the membership renewal page. From there, you will be able to select your membership level (Silver or Gold) along with your choice of a monthly, quarterly or semi-annual term, with discounts applied to the longer terms.
When subscribing to a premium membership following your free trial period, your username, password, account notification settings, etc.. will remain the same. All memberships terms will automatically renew for the same time period (monthly, quarterly or semi-annually) with automatically billing and can be cancelled anytime (see additional Membership FAQ's for details).
No. Right Side Of The Chart offer both free & premium content. The free content is available to all and does not require registration with RSOTC. Details on the free vs. premium content can be viewed by clicking this link.
Both the Gold & Silver membership terms have increasing discounts for the longer terms compared to the monthly rates when annualized (i.e.- assuming 12 months of access) as follows:
Quarterly: $99.00 (a 33% discount)
Semi-annual: $179.00 (a 39% discount)
Yearly: $329.00 (a 44% discount)
Quarterly: $75.00 (14% discount)
Semi-annual: $119.00 (32% discount)
Yearly: $219.00 (37% discount)
The free 3-week trial does not require a credit card, nor any personal information other than an email address. The only requirements for the free trial period are a username of your choosing and an email address, which is used to send the registration verification link (to prevent spam-bots from registering on the site) as well as a link to select your password.
The next scheduled renewal date for your membership can be found on the right side of the Login Welcome page, which can be accessed by clicking here.
Note: You must already be logged in before clicking the link above to be taken to the Login Welcome page.
That was a question posted by a member of the site on Oct 17, 2016 and this was my reply:
If you wish to change the credit card associated with your membership subscription or to update your credit card expiration date, please click here to visit our Billing Update page.
Right Side Of The Chart provides you with the ability to cancel any future renewals of your membership at anytime. Upon cancellation, you will continue to have full access to the site for the remainder of your current membership term. Full or pro-rated refunds are not provided upon the cancellation of your recurring billing period.
To cancel your membership, please make sure that you are logged in and then click here to go to our billing cancellation page.
Should you have any questions or issues with the cancellation process, click here to contact us.
Nearly all credit & debit cards, including Visa, MasterCard, American Express, JCB, Discover, and Diners Club from anywhere in the world are accepted. Gift & pre-paid cards from these types of cards are also accepted as well. While PayPal is currently not available as a payment option for recurring membership plans with various terms, PayPal can be used for an annual (1 year), non-renewing Gold or Silver membership. Please contact us to request the PayPal sign-up form along with your preference of a Silver or Gold Level membership.
If you would prefer to pay by check, please contact us & we will provide mailing & payment instructions. Other payment options such as Bitcoin, Apple Pay, Android Pay, and China’s Alipay are not currently offered but will be considered if the demand is there. Please let us know if you have a preference to any one of these or any other payment options.
Although I personally trade many of the trade ideas posted on Right Side of the Chart, I do not take every trade for numerous reasons. For example, at times, I might already be fully invested or at my ideal market exposure level when I come across some new trade ideas which are posted on the site. I may already have my maximum long or short exposure or target exposure to a specific sector at the time a new trade idea is posted, in which I'll pass on as to avoid over-exposure to that sector or industry. I also strive to provide the most attractive trade setups, long and short, regardless of my current market bias (which I always do my best to make clear). Therefore, while I might be bullish at the time & shying away from short exposure, someone who is bearish just might profit on a short trade that I posted as a trade idea but chose not to personally take the trade.
Another instance where I'll pass on a trade idea that triggers an entry would be if I plan to be away from my desk in the near future, such as just before a vacation. Additionally, many sector and broad market ETF trade ideas are posted on RSOTC. As an experienced trader, I will often chose to trade the most bullish or bearish stocks within a particular sector that stands out at the time, preferring to trade long (short) the most bullish (bearish) stocks within a particular sector or industry in lieu of trading the associated ETF. However, as many traders prefer the diversity and convenience of trading ETFs over individual stocks, ETFs are often posted as trade ideas.
Therefore, I may or may not have a position in any of the trade ideas posted on the site although I would never post a setup that I don't believe has a good chance of being successful. I strive to identify and share the most promising trade setups with clearly defined chart patterns and above average risk/reward profiles, both long and short, regardless of the current trend or my own personal market bias. With that being said, it is normal to expect more long trade setups when the near-term & intermediate-term trend or outlook for the market is bullish and vice versa with more short trade ideas during a downtrend or at times when it appears that a correction is likely.
The amount of capital one needs to begin trading or investing varies widely depending on numerous factors; Are you just interested in learning the basics or enhancing your trading & investing skills or do you plan to trade full time as your primary source of income? If so, how much do you need to withdrawal from your trading account for living expenses? What are your expected annual returns and how consistent to you expect those returns to be? Are you looking to trade to supplement another source of income, such as a pension or social security or are you still early in your working career?
The decision to embark on a career of trading full-time for a living should be carefully thought out and at that, only when one has a high-degree of confidence in their abilities to consistently generate more than enough income needed in all market conditions such as bull markets, bear markets and deer (sideways) markets. Typically, achieving such a level of trading proficiency takes years and is certainly not something that can be learned by attending a few seminars or subscribing to a newsletter or any other paid service, including this one. Unfortunately, the answer to the question about how much trading capital one needs to embark on a full-time trading career can not be answered here nor can Right Side of the Chart offer any type of trading, investing or career advice. The answer to that question can only be answered by the person asking it and only then, after they have enough experience in order to ask themselves all of the pertinent questions associated with their own unique circumstances.
For those new to trading or investing, one viable option to avoid the common pitfall of losing most or all of your trading/investing capital during the early stages of the never-ending learning curve would be to start out paper trading. Most brokerage firms offer paper trading whereby you are able to trade securities (stocks, ETFs, options, & futures) without using real money. One potential benefit to doing so would be to allow someone new to trading or investing to hone & refine their own unique trading style (e.g.-day trader, swing trader, trend trader, investor, etc..) without risking any real money. Inquire with your brokerage firm about paper trading and consider consulting with a licensed stock broker or Registered Investment Advisor before making any investment decisions that exceed your experience and/or comfort level. Please make sure to read our disclaimer.
Although there are no guarantees in trading/investing, Right Side Of The Chart (RSOTC) makes every effort to explain the reasoning behind each trade idea, often providing additional information and considerations such as reducing position sizing on more volatile, higher risk trades; proper diversification among various sectors; helping to identify times when it might be beneficial to keep trading light, such as during periods where the market is likely to consolidate (i.e.- chop around without a clear direction); etc...
Many of the concepts and analysis published on Trade ideas on RSTOC may be useful to both short-term, active traders as well as longer-term investors utilizing a more hands-off, part-time approach to managing their trades or investments. Although the majority of the trade ideas shared on the site are intended as swing trades with typical holding periods ranging from several days to several months, RSOTC also offers a separate category of Long-Term Trade Ideas geared towards longer-term swing traders, trend traders & investors. Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. This category of trade ideas might be useful for the longer-term swing trader or investor looking for investment ideas to supplement their existing portfolio and prefers a less active, more hands-off approach to investing.
Please be aware that all content on this site is provided for informational and educational purposes. Furthermore, information contained herein reflects the opinions of its author and is provided for discussion purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities, nor should it be construed as investment advice. Right Side of the Chart, LLC and Randy Phinney are NOT Registered Investments Advisors nor licensed or registered with any federal or state securities regulatory agency. Click here to view the full disclaimer.
As a token of appreciation for supporting Right Side Of The Chart & being part of our community, your membership subscription rate will never increase if rates are increased in the future.*
*The Rate Lock Guarantee remains in place as long as you remain subscribed to your current level (Gold or Silver) and term (monthly, quarterly, semi-annual & annual). Should you change your membership level and/or term or cancel & renew your membership at a later date, the current rates in effect at the time will apply. Advance notice of any future increases in rates will be announced in advance to allow existing members to change their access level and/or term before the new rates take effect, should they wish to do so.